What is the meaning / definition of Hospitality Industry?
The Hospitality Industry is part of the service industry and is comprised of 5 major sub-sectors which include lodging service, food and beverage service, events, tourism & transportation. At the core the Hospitality Industry concerns itself with providing products and services to people which assist in recreation and supporting the well-being of people. It includes different activities, which main goal is to provide a service and customer’s satisfaction.
This industry can be segmented in four: food & beverage, travel & tourism (transport), lodging and recreation (leisure park, relaxation, etc).