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What is Hospitality Industry?

We often hear about the hospitality industry, but we are not sure what it is.
It is an industry worth several billion, and it is changing and improving daily.

Although the hospitality industry covers a wide range of business and services linked to leisure and customer satisfaction, we can say it is divided into three sectors:

 

1. Food and beverage 

Food and beverage is the largest segment of the hospitality industry, and it consists of businesses that prepare food for different kind of customers.

  • Restaurants
  • Catering
  • Bars, coffee shops, and nightclubs.

 

2. Accommodation

This kind of business provides a place for people to stay temporarily. We have a different kind of accommodation but here are some examples:

  • Bed&Breakfast
  • Hotels
  • Motels
  • Hostels
  • Resorts
  • Apartments
  • Time-Sharing

3. Travel and tourism 

Travel and tourism include all types of business that promote travel, vacation, leisure, customer satisfaction, pleasure, and different kind of experiences for clients like: 

  • Travel agents
  • Tour Operators
  • Online Travel Agencies
  • Cruises
  • Car Rental
  • Casinos

As we state it earlier, hospitality is a huge industry, and it is growing and changing rapidly.