Discriptive knowledge of receivable management

May 28th, 2015
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OWNERSHIP AND FORMS OF HOTEL OWNERSHIP INTRODUCTION- India is recognized as a land of friendly atmosphere and hospitality at globe.GUEST IS GOD’’is the typical Indian traditon.

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OWNERSHIP AND FORMS OF HOTEL OWNERSHIPINTRODUCTION- India is recognized as a land of friendly atmosphere and hospitality at globe.GUEST IS GODis the typical Indian traditon. Today hotel industry is getting momentum not only in India but at global level.The W.T.O(world tourism organisation) has estimated that there will be more than 20 million rooms world wide in the accommodation sector by the end of this centuary.The 20th centuary was a turning point in the history of the hotel industry in India.it is this centuary that we find the real growth and development of the accommodation sector.OWNERSHIP has changed from sole proprietors to corporate and big business owners and new enterpreneures have also entered in the field of accommodation sector.In 1904 J.N TATA opened the taj mahal hotel in mumbai.there after a number of other hotels were openedsuch asAjanta,New woodland grand hotel,wild flower hall,oberio hotels east India hotels ltd.Before deeply study we have to know the mean of hotel and its definationHOTELS DEFINATION A hotel is an intituation or a building in which lodging,meals and other services are provided for the traveling people. In addition, it also provide amenities and facilites like Room servicesAuto rentals,Banking service,postal servicesAirline ticketinginternet servicestour reservation A hotel is a fixed immobile intallation.its products are accommodation+food+beve

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