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Provide a 7 pages analysis while answering the following question: What Role Does the Hospitality Industry Play in Supporting the Economic Stability of Manchester. Prepare this assignment according to
Provide a 7 pages analysis while answering the following question: What Role Does the Hospitality Industry Play in Supporting the Economic Stability of Manchester. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required. Other than the accommodation and entertainment divisions, the hospitality industry also relies on the tourism industry for support on commercial performance. These activities include travel agencies and airline cabin staffing (Robinson, Lück & Smith, 2013). With the rapid advancements in technology, the United Kingdom hospitality industry is rapidly growing, with the incorporation of Information Technology in the operations of mainstream industrial activities.
Consequently, the Manchester Hospitality industry is amongst the largest hospitality market in the United Kingdom. Statistics (Afifi, 2013) indicate that the city is the third most visited in the United Kingdom after Edinburg in Scotland and London in England. Due to this influx of visitors and tourists, the city’s hospitality industry is growing every year, contributing positively to the regional economic growth and stability.
Consequentially, the city of Manchester has a variety of cultural attraction sites, with a large number of renowned international sports facilities (Perreault, 2005). These attractions form a strong vacation market for the city, making it a desirable tourist destination. These sites also boost the need for investments in the hospitality industry. Manchester City also holds an international airport, which serves approximately 42million flight passengers every year (Byrne, 2013). The growth of the city has boosted the number of international arrivals into the city, further amplifying the reason why the hospitality industry in the city continues to grow amid international tensions.
The economic impacts of the hospitality industry in the city are direct, indirect and induced. The direct impact includes the activity and employment offered by the industry to the regional residents (Lee, 2013). The indirect impacts, on the other hand, are the effects that the industry creates due to the support from other industries and the supply chain. .
