Catering Industry in India - 15547 Words

INTRODUCTION Catering definition This industry comprises establishments primarily engaged in providing single event-based food services. These establishments generally have equipment and vehicles to transport meals and snacks to events and/or prepare food at an off-premise site. Banquet halls with catering staff are included in this industry. Examples of events catered by establishments in this industry are graduation parties, wedding receptions, business or retirement luncheons, and trade shows. Restaurant or Foodservice definition Organizations in the Food Services and Drinking Places prepare meals, snacks, and beverages to customer order for immediate on-premises and off-premises consumption. Some provide food and drink only;†¦show more content†¦But it fixes only on estimates of Demand and supply. Hence any unreasonable increase in produces is restricted and is working in favor of catering industry. Hence Gone are days when onions made people cry by selling at exorbitant prices. â‚ § Govt. should take up initiative of setting up more number of APMC markets.(Agriculture Produce Marketing Centers). The reason for this is that villagers/farmers can directly sell goods in these markets without intermediaries coming in to picture, which obviously decreases the prices of raw materials required in catering industry. According to a study `Vegetables, fruits` etc offered in local market are extrapolated to an extent of 100% of their cost prices. â‚ § Permits, Licenses: as in case of caterers who offer additional services like Liquor etc, certain types of permits are required which are for limited time-periods. Although this is a socially good move but it still hampers the industry as it is said, â€Å"it is not what goes in is bad, but it is what comes out is bad†. In addition, there are other restrictions like time limits (after 11 pm drinks will not be served etc.) and with a ban on certain category of bars, it is anticipated some pressure will shift on Catering industry (Hotels etc.). â‚ § There are also legal/constitutional factors, which have impact on this industry. like TheShow MoreRelatedStatement Of Mba In Travel And Tourism1006 Words   |  5 PagesTourism, sounds extraordinary to each adolescent as it enables an individual to tour worldwide and communicate with the other individuals. As indicated by the National Economic reports, currently, India spends just 0.97% of its GDP on Tourism against the International average of 3.8% however the industry contributes 6.9% to our GDP. Students, if you have the enthusiasm to travel and love connecting with individuals, an MBA degree in tourism and travel management can take you places. The course isRead MoreHarley Davidson Marketing Strategy Essay950 Words   |  4 PagesHarley Davidson has recognized the growth opportunity in the women motorcyclist market and is doing a fantastic job catering to the specific wants and needs of this particular target group. Discuss specific tactics Harley Davidson utilizes to attract the women motorcyclist market. How would these tactics differ from attracting men? Harley Davidson is doing a fantastic job catering to the psychographic values of women. Women who engage in active lifestyles and are comfortable exercising theirRead MoreEssay on hospitality scope size and diversity941 Words   |  4 Pagesï » ¿Unit 1: The hospitality Industry THE SIZE, SCOPE AND DIVERSITY OF HOSPITALITY INDUSTRY The scope of the hospitality industry refers to the range of businesses that provide services and facilities. The hospitality economy is one of the country’s key industries with huge growth prospects in jobs. In employment terms, restaurant are easily the largest sector, closely followed by a pubs, bars and club with the hotel sector growing more slowly, and the contract food service sector holding steady . Read MoreThe Scope Size and Diversity of Hospitality Industry Essay689 Words   |  3 PagesDIVERSITY OF HOSPITALITY INDUSTRY The scope of the hospitality industry refers to the range of businesses that provide services and facilities. The hospitality economy is one of the country’s key industries with huge growth prospects in jobs. In employment terms, restaurant are easily the largest sector, closely followed by a pubs, bars and club with the hotel sector growing more slowly, and the contract food service sector holding steady . ECONOMIC PERFORMANCE the restaurant industry produces the mostRead MorePestle Analysis of Hilton Hotel611 Words   |  3 Pageslegal, and environmental factors impacting businesses, and PESTEL is an important framework for assessing external factor impacting business practices. POLITICAL FACTORS Political stability is the key to the success of any industries and it is applicable to hotel industry as well and it needs to cope with political situations everywhere in the world. The political approaches can influence the number visitors, both, tourists and business travellers’ visits to a nation. It may a concern for manyRead MoreImpact of Globalization on the World Tourism 1155 Words   |  5 Pageseconomies, its implication have still not been seen and understood by most of the people. Tourism is one industry which has seen a massive transformation due to the globalized world. People have started to discover the world due to the free accessibility provided by the countries in order to promote tourism. Tourism is one of the booming sectors in the world. The transformation of the tourism industry has led to an evolution to the concept of â€Å"tourism†. Tourism now includes varied forms of tourism suchRead MoreMarketing Strategy Of Chennai Dining1384 Words   |  6 PagesCurrently, Southern India dining market is growing in Maine with the migration of Southern India community as well growing Maine economy. Local Tourism department expects more travel by Car given the low interest rate and so is the demand for dining spicy food. Maine State forecasts, food service growth by 10% increase with more traveling. As a part of a marketing campaign, Chennai Dining department is creating a detailed study on the existing East Indian dining facility for market saturation andRead MoreExciting Career of Hotel Managment Essay examples1034 Words   |  5 Pagesjob study for the Hotel Management industry. The reason I chose the Hotel Management industry is because it is a career path that I have always been interested in and curious about. It is a fast growing widespread global industry. I’ve always wanted an exciting career, which would integrate my business and creative skills in a way, which would be more energetic, active and fun than most orthodox and boring office desk jobs. I also desired to work in an industry, which I was fervent about. For myRead MoreMarketing Plan For Chipotle Mexican Grill1051 Words   |  5 Pagescustomers. Moreover, the company has developed a catering program tapping into new consumer occasions. This newly catering option not only increased Chipotle’s revenue, but also allows the company to compete with its competitors that have established catering options. With plummeting sales over the last quarter, adding new menu items could boost restaurants’ sales, and gain competitive advantage against its rivals in the fast-casual restaur ant industry. Tables 3 show that the high dependency on wordRead MoreAmul Ice Cream1721 Words   |  7 PagesAMUL ICE CREAM The turnaround story of the ice cream industry started with Amul entering the market with its unique and innovative marketing strategies. It gave the entire industry a unique dimension. The success of Amul can be attributed to its distinctive planning of marketing mix and providing satisfaction to consumer needs. The analysis of this case will highlight the key marketing strategies adopted by Amul to become a market leader. 4 P’s of Marketing Mix: Amul brought in many changes