The Contemporary Hospitality Industry Assignment - 2

The Contemporary Hospitality Industry - Assignment Example When assessing the scale of the hospitality industry, it can be observed that the sector has accomplished a momentous growth of strengthening its capital market over the past few decades. Owing to its consistent and rapid growth, the hospitality industry is also known as a major contributor for Gross National Products (GNP) today where it has been observed to play a pivotal role in encouraging regional developments along with employment opportunities. As per the recent economic performance of the industry, it has been observed that the core hospitality market has been estimated to earn an annual turnover of GBP 90 billion on an average, employing almost more than 2.4 millions of employers in its different business practices all over the world (British Hospitality Association, 2010). In relation to diversity, it can further be recognised that the hospitality industry of the present business world, has been inclined towards delivering increasingly heterogeneous services being influence d by the changing needs of people, globalisation effects and also due to the relocation or migration among different cultures. According to the present scenario, the increasing diversity within the hospitality workforce has been considered as one of its major strengths to satisfy the diverse needs of its customers (National College of Business Administration, 2009). According to the recent transformation of the hospitality industry, it has been recognised that the structure of hospitality industry involves a range of commercial, public and voluntary organisations that principally involves food and catering services along with other housekeeping and maintenance facilities.