Page 137 - FUNDAMENTAL OF HOSPITALITY INDUSTRY
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Fundamentals of Hospitality Industry
LABOUR PRODUCTION
The hospitality and tourism sector employs a
significant number of people worldwide, and
entrepreneurship may play a role to contribute to
the growth of industries and economies by
creating their own businesses, creating
employment opportunities for themselves and
others.
ECONOMIC GROWTH
The hospitality and tourist sectors contribute to
the world economy, and entrepreneurship may
help in promoting economic development.
Entrepreneurs can expand the market for goods
and services, generate new revenue income and
draw in investment by starting new enterprises.
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