With the broadness of the hospitality industry, some defining aspects are significant to appreciate. Within the service category, it is a wide category of fields that includes lodging, occasion planning, transportation, theme parks, cruise line, etc.
The hospitality industry is a multi billion-dollar industry that depends on the availability of leisure time, disposable income, and complete customer satisfaction.
There are four divisions of the industry:
Food and Beverages
The food and beverage sector, which is professionally and popularly known as F&B is the largest segment of the hospitality industry. When a restaurant forms the part of a hotel, it enhances the guest experience by supplying first-rate food and customer service.
Travel And Tourism
Travel and tourism deal with taking people in different places. Buses, cabs, planes, ships, trains etc. are all the part of the travel industry.
Leisure travel is when a person spends money on lodging, fooding, and recreation while taking a vacation trip, and business travel is when a person travels for work only and spends money on lodging and food purposely. Some people also use up money on recreational purpose while on a business travel. Whatever it may be, they spend on hospitality.
Lodging means somewhere to stay for one or more nights. Luxurious hotels, youth or elder hostels, camping site, motels and other businesses that provide a place for people to sleep overnight are all in the lodging industry. Lodging businesses are related to other market segments, for example leisure travelers, budget travelers, long-stay travelers, and special travelers like government employers, airlines, and military.
Recreation is any activity that people do for relaxation and satisfaction as well as rest in order to refresh their mind and body. Entertainment or recreational businesses which provide movie or theater, attractions are the places of special interest to visit. It can be zoos and museums, sports and participatory sports etc. Entertainment businesses the part of the hospitality industry which provide movie or theater, the places of special interest and museums, spectator sports and participatory sports are all the parts of the leisure or recreation business.