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Hospitality industry




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Trends in hospitality
Hospitality - like aviation - is one facet of the global Travel & Tourism industry.

The hospitality sector includes restaurants, hotels, resorts, spas, service apartments - and almost every other kind of eating-out & accommodation option other than one’s own home.

Hospitality offers a very challenging, international career opportunity.

The world’s top hotels & resorts charge lakhs of rupees for just one day’s stay. To charge such rates, these hotels need to provide outstanding service. Their butlers, chefs, sommeliers, event planners, guest services managers & room service personnel are all very well-groomed & trained to perform each task to not just satisfy but to delight the guest.

Managing all these functions is a challenging task. For this, professional hospitality managers trained at the world’s best hospitality hubs are in demand in the market.
Facts & figures

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According to the World Travel & Tourism Council, travel & tourism will provide 40 million jobs in India by 2018.

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The revenue for the Indian hotel & restaurant industry (or hospitality industry) in 2006-2007 was US $118.85 million..

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Over 4.6 million foreign tourists visited India in 2006-2007, posting 13% growth over the previous year (Source: Economic Survey for 2007-2008).
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The industry shall grow rapidly & will be worth US $158.49 million by 2010.

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Currently, India needs 240,000 hotel rooms, but only 90,000 rooms are available (according to a report in Outlook Business).

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By 2011, 40 international hotel brands shall have a presence in India, according to a report by Ma Foi Management Consultants.
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Moreover, the sector is expected to provide over 400,000 jobs.

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With land prices coming down & a huge opportunity for quality hotels, many global hotel players are announcing new projects in India.

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