Friday, March 14, 2014

Hotel Industry - One of the Fastest-Growing Sectors

Hotel Management has witnessed a tremendous growth in the recent years. The growth in the tourism industry has directly led to the growth in the hotel industry.

The thriving economy and increased business opportunities in India and abroad have acted as a boon for the hotel industry.

Destinations like Dubai attract 9 million people looking for the lovely beaches and the sunshine each year. The 2020 World Expo will be held in Dubai and the hotels are already expanding their capacity. It is expected the World Expo will bring close to 25 million visitors over a year, which will create a wealth of work opportunities in luxury resorts and the hospitality sector.

At the same time, Germany too is experiencing a boom in the hospitality sector. The first Andaz-branded hotel in Germany, Andaz Munich will join Andaz properties currently in London, New York, Los Angeles, Shanghai, and Tokyo. Expected to open in 2017, the 274-room hotel will be developed in the central Munich Schwabinger Tor district.
The hospitality sector is set to boom in India as well. The study shows that hotel chains like the Hilton, InterContinental among others have announced major investment plans for the country. The Government's move to declare hotel and tourism industry as a high priority sector with a provision for 100 per cent foreign direct investment (FDI) has also provided a further impetus in attracting investments in to this industry. 

It is estimated that the hospitality sector is likely to see US$ 11.41 billion rise in the next two years, with around 40 international hotel brands making their presence end of 2014.

Reasons for increase in demand for hotels:

1) Boom in the economy
2) High growth in sectors like information technology, retail, real estate
3) Rising Stock Market
4) New Business Opportunities
5) Enter of Low cost Airlines
6) Low Cost Medical Facilities

Global Career Choices in Hotel Management:
2) Resorts
3) Spas
4) Casinos
5) Bars

what’s trending?

1) ecotels
2) resorts
3) motels
4) floatels

Employment Opportunities:

At present the scope in the hotel industry is greater than in any profession. The Hotel industry demands a combination of various skills sets like management, housekeeping, food and beverage service, front office operation, sales and marketing, accounting. The rise in corporate activity today like travelling for business has led to the soaring of this industry.

If this interests you can pursue International Hotel Management from INLEAD
Eligibility: Graduation in any field
So why wait longer? Enroll yourself today.

The hotel industry is highly demanding…It’s here and it’s here to stayJ

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