The book focuses on key aspects of the hospitality management curriculum, research, and practice bringing together leading scholars throughout the world. Each essay examines a theme or functional aspect of hospitality management and offers a critical overview of the principle ideas and issues that have contributed, and continue to contribute, within it.

The Structure and Nature of the International Hospitality Industry

The structure and nature of the international hospitality industry


The globalization of the world economy has been intensified in recent decades. Policy changes in favor of free markets, institutional reforms in removing trade and travel barriers and technological breakthroughs in communications and transportation have contributed to the acceleration of international trade and travel. The rapid development of capital markets around the world continues to stimulate economic integration as large volumes of capital flow from one part of the world to the other. Regionally, economic integration and cooperation organizations have been established to promote and facilitate international trade and travel in their respective regions and around the world.

The service sector has increasingly become a significant part of international ...

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