Catering services are provided on a contract basis whereby a company will hire the services of a professional caterer for a set number of events over a designated period of time, for a predetermined fee. Many companies, including top restaurant companies, are now providing this service. Other examples include hotels, restaurants, bars and cafes, film production houses, and other corporate hospitality venues. Companies that provide these services may also have an in-house caterer or they may outsource the provision of their services to other businesses or individuals.
The hospitality industry is one of the largest providers of contract catering services worldwide. This large market provides a flexible and cost-effective solution to many businesses and organizations. Many of the world's leading hotel and restaurant chains contract out their catering needs, while there are also high-profile national and international franchisees who take on these types of contracts. Leading hospitality companies are taking advantage of the opportunities provided by the global contract catering market.
The major advancements in the industry are the availability of a wide variety of food options, including regional and intercontinental cuisine. The availability of different types of food has meant that clients can choose a specific menu for special occasions.
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