from the Editor
Chev. Anthony C. Coleiro
the significant growth
our Industry is experiencing
A
s
in all other countries, our hospitality industry too is
made up of companies within the food services, ac-
commodations, recreation, and entertainment sec-
tors. The hospitality industry is a several billion dol-
lar industry that mostly depends on the availability
of leisure time and disposable income. A hospitality
unit such as restaurant, hotel, or even an amusement
park consists of multiple groups such as facility main-
tenance, direct operations (servers, housekeepers,
porters, kitchen workers, bartenders, etc.), manage-
ment, marketing, and human resources.
HOSPITALITY MALTA
Usage rate is an important variable for the hospitality
industry. Just as a factory owner would wish to have
his or her productive asset in use as much as possible
(as opposed to having to pay fixed costs while the fac-
tory isn’t producing), so do restaurants, hotels, and
theme parks; they seek to maximise the number of
customers they “process”. In viewing various indus-
tries, paying heed to barriers to entry for new players
and competitive advantages between current players is
fundamental to one’s survival, let alone growth.
Among other things, hospitality industry players find
advantage in old classics (location), initial and on-
going investment support (reflected in the material
upkeep of facilities and the luxuries located therein),
SEPTEMBER | 2017
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