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What is the nature of tourism and hospitality industry?

On a basic level, the travel or tourism industry is concerned with services for people who have traveled away from their usual residence for a relatively short period. By contrast, the hospitality industry is concerned with leisure and customer satisfaction services.



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Tourism and hospitality offers significant growth and job opportunities worldwide. The industry's increasing demand for personnel contributes to economic and employment growth, particularly in developing countries.

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The hospitality industry is vast and can be broken down into separate sectors. The top four sectors consist of; 'Food and Beverage', 'Accommodation', 'Travel and Tourism' and 'Entertainment and Recreation'.

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In its broadest sense, the tourism industry is the total of all businesses that directly provide goods or services to facilitate business, pleasure and leisure activities away from the home environment.

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Tourism is travel for pleasure, and the commercial activity of providing and supporting such travel.

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It is one of the world's largest industries, and the economies of many nations are driven, to a large extent, by their tourist trade. It is also a wide-ranging industry, which includes the hotel industry, the transport industry, and several additional industries or sectors.

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For many years, however, the tourism industry was classified into eight sectors: accommodations, adventure and recreation, attractions, events and conferences, food and beverage, tourism services, transportation, and travel trade (Yukon Department of Tourism and Culture, 2013).

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