Impact Of Economy In Hospitality Industry .

Impact Of Economy In Hospitality Industry:-

YES, ECONOMICS IS VERY CLOSELY CONNECTED WITH HOSPITALITY INDUSTRY. IN FACT, ECONOMICS IS RELATED TO OUR DAY TO DAY LIFE. IF WE AS AN  INDIVIDUAL DO NOT UNDERSTAND  THIS  CRUCIAL RELATIONSHIP WHICH    ECONOMICS IS HAVING WITH OUR OWN LIFE. Then I CAN SAY WE CAN NOT    STAND UP ANY MORE. SAME GOES WITH HOSPITALITY INDUSTRY - ALTHOUGH   HOSPITALITY INDUSTRY  COMES UNDER SERVICE SECTOR - WHICH PROVIDES    LUXURIOUS SERVICE TO ITS PATRONS, PROVIDES FABULOUS CUISINES TO ITS    PATRONS & IN RETURN ITS GUESTS HAS TO PAY FOR THOSE SERVICES. 

 

 

 HERE, THERE ARE VARIOUS DEPARTMENTS IN AN HOTEL -    1} FOOD & BEVERAGE SERVICE    2} FOOD & BEVERAGE PRODUCTION    3} HOUSEKEEPING    4} FRONT OFFICE    5} MAINTENANCE   AND SO ON   NOW EVERY DEPARTMENT HAS TO WORK ON A GIVEN BUDGET SET BY THEIR    GENERAL MANAGER OF THE PARTICULAR HOTEL. ALL DEPARTMENTS HAVE TO    IN A VERY PRESCRIBED MANNER AND KEEPING IN MIND THE TERM " PROFIT "    AS AN HOTEL CAN NOT  BE OPERATED IF IT INCURS LOSS.   IF THE ECONOMY OF A PARTICULAR COUNTRY IS NOT SO GOOD FOR A GIVEN    TIME, THAN THE HOSPITALITY INDUSTRY, AS WELL SUFFERS AS THE ECONOMY    IS DOWN AND TOURISTS, GUESTS FLOW SLOWS DOWN.   NO VISITORS - NO GUESTS IN HOTEL - NO INCOME TO HOTEL -    ALL DUE TO ECONOMY.    IT IS SEEN THAT THE SUBJECT OF MATTER ECONOMICS PLAYS AN VITAL ROLE IN THE EFFECTIVE FUNCTIONING OF THE SERVICE SECTOR