About Hospitality Industry
The hospitality industry constitutes many sub-divisions. Majority of contribution is that of restaurants and hotels to the economic growth. The contribution of hospitality business is almost 12.8% of the world's GDP. This industry is growing at a very rapid speed. In the most recent decades, the hospitality business has got major significance for incredible expansion and development. Due to this, the hospitality business is extending all over the world in a multicultural environment. Hospitality business is growing at all levels including provincial levels, national levels, and also internationally. The terms hospitality and tourism have a clear relation with each other and assembled together can be considered as one industry. However some people see both as two individual segments. Tourism is not the sub-sectors of each other. Tourism is simply a business for tourist related services, and thus hotels or restaurants cannot be considered as a part of tourism industry. Hotels and restaurants are completely a part of hospitality industry.