Importance of Hospitality Management — Karl Schranz
By: Karl Schranz
Tags: Health Care Center, Hospital Management, Medical, Hospitality, Karl Schranz

Importance of Hospitality Management

Introduction

We have all had unforgettable times when a waiter or waitress at a restaurant served us very well; that in simple description is a type of hospitality. Hospitality management is the study of the hospitality industry, which is inclusive of different businesses that provide essential services to customers. These businesses can be grouped as tour and travel, food and beverage or accommodation depending on the service they offer.

Hospitality management has a plethora of importance, including:

Provision Of Essential Services

The hospitality industry will provide a wide range of essential services such as food, accommodation and recreation. For a traveller, whether on a business trip, vacation or school trip, one of the critical factors one considers is accommodation. The hospitality industry provides lodgings and hotels that offer a variety of accommodation options for locals and also tourists.

Food is a basic need, and in an era where most people are busy, which means not getting enough time to cook, the hospitality industries have come in handy. There are many restaurants, fast food joints which offer a variety of food options from a quick junk food fix to a five-course meal depending on the consumer’s preference.

Some industries can also offer corporate services, for example, the E&S group that is a Malta company service provider run by Karl Schranz that provides services for people looking to set up and register companies

Creation Of Job Opportunities

The hospitality industry has provided for the creation of a lot of employment opportunities for people. Ranging from managers, caterers, waiters to even business owners. Studies show that most people, especially young people, prefer to eat out. In essence, this means that restaurants have a broad niche in the business space. This has provided for many people to be able to acquire livelihood from the industry.

Some of the jobs in the hospitality industry also require specialized training which has created opportunities for hospitality training colleges. These colleges provide employment slots for the various trainers as well as allowing people to learn more and into detail various hospitality courses.

A Massive Contribution To The Economy

Travel and tourism sector is one of the most significant contributors to the economy. Hospitality has generated revenues for the local economies when tourists spend money on accommodation, food and drinks in the hotels. Tourists are also charged service fees and entrance fees when visiting different parks or other tourist attraction sites, and this contributes to the economy.

Taxation of the people working in the hospitality industry has also generated its part of the revenue.

Provision Of Quality Services

Studies have proven that people are more likely to visit places, hotels rather that have quality services. Everyone loves to be treated with a certain level of professionalism. Hospitality management ensures that all the service providers are well trained to be able to offer quality service to the customers.

This training includes common courtesy, first aid measures and ensuring that the customer’s needs are met to the utmost perfection.

It is a common saying in most of the service provider industries that the customer is King, or the customer is always right. These trainings go a long way to show that hospitality management makes sure that the needs of the customer are always a priority. Ultimately, customers get the best of services.

Hospitality Management Creates An Environment For Career Development

Hospitality management creates a variety of career options for interested candidates, from managing high-end restaurants to being a waiter or even providing room service at a hotel. Hospitality management gives room for exploration of the various fields that are in the hospitality industry. The field is wide, and the people working in it can explore different heights of their careers while in the same industry.

Conclusion

Hospitality management, therefore, is essential as it plays a significant role in ensuring that the needs of different individuals are catered for. Apart from enriching, individuals, companies and countries greatly benefit from hospitality management.