The hospitality industry is part of a larger enterprise known as the travel and tourism industry. The travel and tourism industry is vast group of businesses with one goal in common: providing necessary or desired products and services to travelers. Hospitality can be termed as a deliberate, planned and sustained effort to establish and maintain mutual understanding between an organization and the public the business of making and keeping friends, and promoting an atmosphere of better understanding. As per the Oxford Dictionary Hospitality is defined as Reception and entertainment of guest, visitors or strangers with liberality and goodwill.‘The word hospitality is derived from the Latin word ―Hospitalitias
The fast-moving consumer goods (FMCG) industry is characterized by its immense size and intense competition, drawing participation from global giants like Tyson Foods, Coca-Cola, Unilever, Procter & Gamble, Nestlé, PepsiCo, and Danone. In this dynamic landscape, companies fiercely vie for market share, relying significantly on robust marketing strategies to captivate consumers and drive product sales. Packaging stands out as a pivotal element in the production process due to the industry's swift turnover. Within logistics and distribution, secondary and tertiary packaging play crucial roles in optimizing efficiency.
The travel and tourism industry can be segregated into five main parts and further it shows the various sub components of each part. The hospitality industry consist of lodging and food and beverage operations – plus institutional food and beverage services which do not cater to the traveling public. Lodging operations stand apart from other travel and tourism businesses since they offer overnight accommodations to their guests. Many lodging properties provide food and beverage service, recreational activities and more.