Food and Beverage Banqueting and catering internal and external A banquet, event or function can be described as the service of food and drink at a specific time and place, to a given number of guests at a known rice. Banquet is a term used to describe a large formal occasion. Some examples of hospitality functions include: Business functions: Conferences working breakfasts, luncheons and dinners, meetings Social functions: Gala dinners, anniversaries weddings