Hospitality Industry In The Hospitality Industry
It is of great importance to note the industry relies on the market segments that are connected to product/service, pricing and distribution (Thomas, 2013). This is an indication that the categories evident in hotel and tourism sector operate under the three crucial areas, as they aid in determination of the position and progress of the firms that invest in the area in terms of sales. There are numerous job opportunities that are created by the hospitality industry, some which require training and skills while others integrate manual work. For instance, in the foods and beverages sector, graduates who have done hotel management and catering have a great chance of securing jobs as bakers, bartenders, cooks, café/restaurant manager or camping ground manager among others. Thus, it can be argued that any job associated with offering services or foodstuff can be categorized to be one of the segments of hospitality industry. Discussed below are the five segment of hospitality …show more content…
Food and Beverage- This sector concentrates in production and sale of foods and drinks to customers, and is considered to be the largest segment in the hospitality sector in all countries across the world. The nature of business in the food and beverage industry ranges from casual to fancy, large to small, and luxurious to economical depending on the quality of services and products offered, and the nature of the targeted customers for the business. The number of employees hired by firms in the industry is dependent on the flow of customers, the nature of foods or drinks most consumers are interested in, the workload in the sector. There are three types of foodservice that are exercised in most companies that have invested in the sector, which include the commercial, institutional and foodservice with a customer business. The commercial foodservice is designed to compete for customers in order to increase their profit, while institutional foodservices supplies food and drinks to institutions such as schools, hospitals and prison. On the other hand, foodservice within the customer business involves establishment of a business in regions within consumer business such as sports arena. In this segment, a graduate may become a restaurant manager because of the managerial knowledge and skills that are introduced while undertaking hospitality management courses.
b. Lodging- These are also referred to as accommodation, and they involve places where clients sleep like the fancy hotels