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Monday, August 16, 2010

Management for hospitality and tourism industry

Hospitality management is the moot of execution in hotels, restaurants, travel and other tourist related businesses. Hospitality services also known as accommodation sharing refers to organized social networks of individuals who trade accommodation without monetary services (. There are many industries that mainly focus on hospitality as a source of income which include institutions such as hotels, resorts, casinos and restaurants. Ostensibly most of the large corporations such as Marriott, Hyatt and Hilton Hotels have programs and training facilities that major in hospitality.


BENEFITS OF HOSPITALITY MANAGEMENT

Monetary savings

Livelihood in the comfort of a private house can be an advantage than staying in a hotel because of its cost effectiveness. Most of the people would also prefer camping and hitchhiking so as to reduce or cut off the overall expenditure. This would increase the chances of staying in the destination of your choice for a longer time period.

Local economic sustainability

Accommodation sharing helps in redirecting some of the tourist revenue back to the local or national economy to break part of the monopoly that usually exists. There are situations where most of the vacations are sold in package form which gives the multinational companies more dividend than the community. This is quagmire that hopefully could be changed to redirect some of the tourism revenue back to the local or national economy.

Ecological sustainability

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