License in India

Hospitality Industry

Hospitality Industry?

Hospitality is the relationship between a guest and a host, wherein the host receives the guest with some amount of goodwill, including the reception and entertainment of guests, visitors, or strangers. Louis, chevalier de Jaucourt describes hospitality in the Encyclopédie as the virtue of a great soul that cares for the whole universe through the ties of humanity. Hospitality is also the way people treat others, that is, the service of welcoming receiving guests for example in hotels. Hospitality plays a fundamental role to augment or decrease the volume of sales of an organization.

Hospitality ethics is a discipline that studies this usage of hospitality.

Hospitality means extending a welcome to travelers or offering a home away from home, and the word is derived from the Latin word “hospes” meaning visitor or stranger. The hospitality and tourism industry is a vast sector that includes all the economic activities that directly or indirectly contribute to, or depend upon, travel and tourism. This industry sector includes:

  • Hotels & Resorts
  • Restaurants & Catering
  • Night Clubs & Bars
  • Travel & Transportation
  • Tourism
  • Spas & Wellness
  • Cruise Liners & Bus tours
  • Events (Private, Business, Cultural & Sports)

Hospitality

Hotels and similar accommodation

Holiday and other short-stay accommodation

Camping grounds, recreational vehicle parks and trailer parks

Other accommodation

Restaurants and mobile food service activities

Event catering activities

Other food service activities

Beverage serving activities

Role of Shamkris

A Project Report is a document that provides details on the overall picture of the proposed business. The project report gives an account of the project proposal to ascertain the prospects of the proposed plan/activity.

Shamkris will provide a Project report covering Industry License requirements, competitor analysis, Land requirements, machinery requirements, equipment requirements, and financial requirements.

Some of the areas covered in the project report are outlined below:

  • Introduction
  • Project Description
  • Uses and Applications
  • Market Survey
  • Raw Materials
  • Manufacturing Process
  • Process Description
  • Process Flow Diagram
  • Plant Layout
  • Details of Plant & Machinery
  • Suppliers of Raw Materials
  • Suppliers of Plant & Machinery
  • Plant Location Factors
  • Land & building Required
  • Power and Water Required
  • Details of Manpower Required
  • Financials of the Project
  • License and application Certificate

Financials of the Project includes:

  • Land and Building Costs
  • Plant and Machinery Costs
  • Other Fixed Assets
  • Fixed Capital Investment
  • Raw Material Costs
  • Salaries and Wages
  • Total Working Capital
  • Cost of Project
  • Total Capital Investment
  • Cost of Production
  • Turnover per Annum
  • Profitability Analysis
  • 5-year Profit Analysis
  • Break-even Point
  • Resources of Finance
  • Cash Flow Statement
  • Projected Balance Sheet

FAQ

Hospitality is defined as taking care of your guests and anticipating their needs. An example of hospitality is making the bed every morning for someone staying at your house. Cordial and generous reception of or disposition toward guests. The act or service of welcoming, receiving, hosting, or entertaining guests.
The hospitality industry is a broad category of fields within the service industry that includes lodging, food and drink service, event planning, theme parks, travel and tourism. It includes hotels, tourism agencies, restaurants and bars.
  • Accommodation. The Accommodation sector includes everything from local small B&Bs, to hotels and hostels, and house share like Airborne and Couch-surf. …
  • Food & Beverage. …
  • Travel & Transportation. …
  • Tourism. …
  • Meetings and Events. …
  • Attractions. …