Economic-importance-of-the-hospitality-industry-Innovations
Hospitality industry of any areas is the provider of hotels, food etc. for travellers and help them in their necessary movements. People around the globe keep travelling for vacations and
business trips which accounts as the 1o% of global GDP. Hospitality industries provide boost to the local
economies when travellers arrive in a place and also support other vendors as the tourists purchase goods and services from them. Proper hospitality industry can boost
tourism which can lead to proper infrastructure involving road and public transport systems which indirectly affect the economy. It also helps the
economy by creating job opportunities that gives boost to the GDP of an area or a nation.
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