Introduction to Food & Beverage Management

Businesses that provide a means of transport, lodging, goods and services for travelers.

Foodservice

Lodging

Travel

Entertainment

Year 1 - 26%

Year 2 - 45% (cumulative)

Year 3 - 59% (cumulative)

Year 1 Year 2 Year 3

Rapid expansion

Competition

Lack of experience

The economy

Family problems

Lack of capital

High RiskLuxury – Fine diningFood specific –

VegetarianEthnic specific – Indian

Low RiskFamily owned and

operatedFranchise

Manage – Work for an existing property & owner

Buy – Purchase an existing property

Build – Most expensive option

Franchise – The legal right to use an existing concept; use their method of operation

Commercial CafeteriaInstitutional FoodserviceFull ServiceQuick Service Restaurant

(QSR)CaterersLodging FoodserviceContract Foodservice

All-Suite HotelsCasino HotelsFull-Service Hotel, ResortsConference CentersMotel, Motor LodgeBed & BreakfastCampgrounds

Family Style / Adult StyleCasino GamingNight ClubTheaterRace Track (horse, dog, auto)Arena (sports, concerts)Theme Parks

PlanesTrainsAutomobilesCruise shipsBusesBicyclesLimousines

AdvantagesThe number of career

optionsPeople orientedFlexible hoursPerksOpportunity for creativityLong-term career growthFast pacedMoney

Disadvantages Long Hours Stressful lifestyle Non-traditional

schedule Low entry-level salary Limited family life Lack of benefits

AHMA – American Hotel Motel Association

APHM – Association of Professional Hospitality Managers

ACF – American Culinary Federation

CMAA – Club Managers Association of America

IACP – International Association of Culinary Professionals

IFSEA – International Foodservice Executives Association

NRA – National Restaurant Association

RBA – Retail Bakers Association