Hospitality industry

From Wikipedia, the free encyclopedia
  (Redirected from Hospitality company)
Jump to navigation Jump to search

The hospitality industry is a broad category of fields within the service industry that includes lodging, food and drink service, event planning, theme parks, transportation, cruise line, traveling, airline and additional fields within the tourism industry.[1]

Sectors[edit]

According to the Cambridge Business English Dictionary the "hospitality industry" consists of hotels and food service,[2] equivalent to NAICS code 72, "Accommodation and Food Service".

Definition in the United States[edit]

The United States Department of Labor Standard Industry Classification (SIC) defines the hospitality industry more broadly, including:[3]

Definition in The Netherlands[edit]

Horeca (also HoReCa, HORECA) is the Dutch-language term for the food service and hotel industries. The term is a syllabic abbreviation of the words Hotel/Restaurant/Ca.[5][6] The term is mostly used in Dutch.

"Horeca" is often not a one-to-one equivalent to the term "hospitality industry" used in English, which is often used more broadly. According to the Cambridge Business English Dictionary the "hospitality industry" consists of hotels and food service,[7] equivalent to NAICS code 72, "Accommodation and Food Service". However, the United States Department of Labor Standard Industry Classification (SIC) defines the hospitality industry more broadly, as noted above.

The Dutch Uniforme Voorwaarden Horeca (UVH) is translated into English as Uniform Conditions for the Hotel and Catering Industry. This code covers hotels, bars, restaurants and related businesses in the Netherlands. Koninklijke Horeca Nederland is the Dutch trade association for the hotel and catering industry.[8]

This sector is one of the fastest growing in Europe. In 2004, more than 7.8 million people were employed[9] and the sector generated more than $338 billion turnover.[10] Jobs tend to be temporary, with irregular hours, low pay, and few career prospects. There is a high proportion of young people working in the sector. Some distribution companies use this term to define the food & beverage service trade channel or the hospitality trade channel.

See also[edit]

References[edit]

  1. ^ "Industries at a Glance: Leisure and Hospitality". Bureau of Labor Statistics.
  2. ^ ""Hospitality industry"". Cambridge Business English Dictionary. Retrieved 19 March 2020.
  3. ^ "Global Hospitality Leadership: Industry & Company Information". Georgetown University Library. Retrieved 19 March 2020.
  4. ^ Andrews (2007). Introduction To Tourism And Hospitality Industry. McGraw-Hill Education (India). Retrieved 19 March 2020.
  5. ^ "Abbreviations and Acronyms". Eurostat. Retrieved 28 February 2017.
  6. ^ "Wat valt onder horeca? ("What is included in 'horeca'?")". CBS (Central Bureau for Statistics of The Netherlands) (in Dutch). Retrieved 19 March 2020.
  7. ^ ""Hospitality industry"". Cambridge Business English Dictionary. Retrieved 19 March 2020.
  8. ^ Uniform Conditions for the Hotel and Catering Industry - Koninklijk Horeca Nederland
  9. ^ Eurostat, 2005
  10. ^ Eurofound, 2005