The hotel industry plays a very significant role in the development of tourism in a country. Almost 50% of the foreign exchange from tourism comes from the hotel industry. It has been rightly said, "No hotels, No Tourism". This statement basically exemplifies the fact that if there is no hotels then the tourism industry would suffer a great deal and vice versa therefore it can be said that the hotel industry is the most important segment of the tourist infrastructure. Hotels make major contributions towards tourist trade and enterprises. The expansion of tourism inevitably leads to the development of the hotel industry and this is especially true in developing economies across the world.
The hotel industry is a creator of employment opportunities. The employment impact of the hotel industry is felt all over the economy of a nation. Though, the hotel industry is capital in nature, being a service industry it is also labor intensive.
[...] Purchase of land and building with equity funds may increase the cash flow operation, but requires a substantial investment Plant & Machinery More investment is needed for the plant and machinery like the plant, generators, elevators, electricity, kitchen equipment, etc and an investment will be needed for their installation Furniture & Fixtures It is also the cost of furnishing the insides of the hotel and is estimated on the basis of square feet. The cost depends on how elaborate the decor is Miscellaneous Fixed Assets It includes cost of things like chinaware, linen, glassware, silverware, and chandeliers etc., all this comes under par stock. [...]
[...] But the real boom in hotel building came in the early twentieth century. This period saw the beginning of chain operations under the guidance of E.M Statler. It involved big investments, big profits and trained professionals to manage the business. The depression in 1930 had a disastrous effect on the hotel industry. It was felt that the hotel would never recover but the outbreak of World War II brought a tremendous upsurge. This prosperity continued through the years into the fifties when two new concepts emerged. These concepts were: 1. Motels 2. [...]
[...] Such a classification is made as mentioned below: Fewer than 25 bedrooms -small 25-99 bedrooms -medium More than 100 bedrooms -large More than 300 bedrooms -major The proportion of small to large hotels has been decreasing. This is partly due to the general decline of the traditional seaside resorts resulting from the expansion of package tour holidays. However, there are still far more small hotels than large ones. LENGTH OF THE STAY: This is influenced by the hotel's location and type of clientele. [...]
[...] INTRODUCTION TO TOURISM The word "Tourism" is derived from the Latin word Toms' which means a tool for describing a circle of turner's wheel. According to Robinson "Tourism is the science, art and business of attracting and transporting visitors". Though various people define tourism in various ways, in simple words it may be defined as a leisure activity which involves the use of time and money which are used to serve the purpose of recreation. If tourism has to be defined in a cultural way, it may be defined as a an ambassador who carries the culture along with added improvement. [...]
[...] The industrial revolution also changed travel from social or government travel to business travel. There was a need for quick and clean service and it was provided. The lead in hotel keeping was taken by the emerging nations of Europe especially Switzerland. It was in Europe that the birth of an organized hotel industry took place in the shape of the 'chalets' and small hotels which provided a variety of services and were mainly patronized by the aristocrats and the wealthy. In early England public houses were normally called 'inns' or 'taverns'. [...]
APA Style reference
For your bibliographyOnline reading
with our online readerContent validated
by our reading committee
