research paper on hotel industry pdf


How is technology affecting the hotel industry?

    The use of property level technology such as Intranet and Local Area Network (LAN), Yield Management Systems, Property Management Systems, and Electronic Keycards is also increasing across hotel segments. The use of cash as a payment method has been on a declining the past few years.

How many people work in the hotel industry?

    The sector at present employs about 2.5 million people and provides support to other industries, like hotels and restaurants, and educational establishments. One of the major part of this sector is the hotel industry. The economy has grown and with it has grown the personal wealth of people.

Why is the hotel industry a multimillion-dollar industry?

    This brings in business people who are meeting and working with the international companies, thus strengthening the hotel industry. The expanding activities of the hotel industry have turned it into a multimillion-dollar industry. Hotel industry consists of restaurants, lodging places, theme parks, event planning,

What is hospitality industry & how does it work?

    The hospitality industry is usually one of the largest revenue producers for countries since it deals with a variety of businesses. Hospitality usually focuses on extra money that people have to spend on pleasurable things and leisure, though not always.
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