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29 Cards in this Set

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Hospitality
Satisfying a customer's needs with kindness and goodwill.
The customer's always right, even when they're not.
Hospitality Industry
Business that provides services to people away from home.
Largest industry/U.S. is the second largest employer.
Food and Beverage Industry
Businesses that produce & serve food to customers.
Biggest segment. Known as foodservice industry.
Biggest segment. Known as foodservice industry.
Lodging
Giving someone a place to sleep for one or more nights.
Hotels
Accommodation
Another word for a place to sleep.
It's a synonym for lodging.
Lodging Industry
Business that provides overnight accommodations.
Travel Industry
Businesses that physically move people from one place to another.

Industry that consists of travel services.

Tourism Industry
Businesses that organize and promote travel and vacations.

Gets customers for the travel industry.

Recreation Industry
Made of 4 types: Entertainment businesses, Attractions, Spectator Sports, & Participatory Sports.

Goal is to refresh your body and mind.

Recreation
Activity that people do for rest, relaxation, and enjoyment.
It's the fun stuff.
Entertainment Businesses
Provide a show for you to watch.
Movies, concerts
Single-unit Business
Has only one location, one unit. Also called an independent business.
Multi-unit business
Business with multiple establishments.

More than one location.

Chain
Business with more than one location, under same name, and same ownership.

An example of Multi-unit business.

Brand
Whatever makes a business unique. Sets you apart from your competition. Reminds people who you are. Important for a chain.
Name, logo, tagline.
Franchise
Right to do business using the brand and products of another business.
Subway is the most popular one.

Subway is the most popular one.

Franchisor
The person who owns the chain and brand.
Franchisee
The person who buys the right to use the brand.
Business Travel
Travel that people do as part of their job.
Pleasure Travel
Travel done for rest and relaxation.

Vacation is an example.

Vacation

Period of time during which a person rests and is free from daily obligations, such as work or school.

Discretionary Income

Money people can spend on whatever they want, after basic needs are met.

People spend this money on hospitality and tourism.

The FOUR parts of the Hospitality Industry?


  • Food and Beverage
  • Lodging
  • Recreation, Amusement, & Attraction
  • Travel & Tourism

Examples:


* Restaurants


* Hotels


* Six Flags over Texas


* Airplanes

Amusement

Large indoor/outdoor area with entertainment and refreshments.

Example is Disney World.

Attractions

Places of special interest to visit.

Ex: Zoos, historical sites, museums

Spectator sports

Sports that you watch others play.

Ex: Dallas Cowboys

Participatory Sports

Sports that you take part in yourself.

Ex: Play a round of golf.

Franchise Agreement

Legal document that sets up the franchise.

Why travel is important to the success of the hospitality industry.

Without TRAVEL, there would be no customers for the BUSINESSES in the HOSPITALITY INDUSTRY.

Important Concept!!!