Hospitality Malta HM03 | Page 10

elements of recreation, food service, entertain- ment and personal services for travellers. There are close to a dozen major categories of lodging facil- ities, ranging from tiny bed and breakfasts to the latest mega-resort developments. Tourism niches between these extremes include commercial hotels, airport hotels, economy properties, residential ho- tels, casino hotels, resorts and suite hotels. A hospitality management degree or diploma, cou- pled with valid experience, will connect us to a net- work of careers in travel, tourism, leisure and rec- reation, simply because of the huge scope of these related enterprises. It will also assist us in under- standing and recognising the bigger picture, adjust- ing strategy accordingly. An advanced hospitality and tourism degree may not be required for all management positions in the hospitality industry, but working our way up through the ranks can mean years of lost income potential and missed opportunities. By upgrading our academic training, we will advance faster and have more careers open to us. It is therefore fundamentally important for every market player to source and discern his or her differentiating factors and core competences and leverage them to strive towards their vision of sustaina- ble growth 8 Issue 03 Sustainable competitiveness is wont to latch onto valid and rather unique differentiating factors (such as having an infinity pool overlooking the Valletta bastions, or a restaurant’s chef patron being high- ly talented and renowned), solid core competences (such as an established and target-reaching corpo- rate sales team, or a highly-efficient food processing infrastructure), and how to best leverage them to- wards one’s set direction of (whether one competes primarily on) cost and/or quality. It is therefore fundamentally important for every market player to source and discern his or her differentiating factors and core competences and leverage them to strive towards their vision of sustainable growth. HOSPITALITY MALTA