The Hospitality Industry – A Booming Sector
Hospitality Industry is part of the travel and tourism industry and the advent of the 21st century definitely brought a big boom in this sector and the industry is growing at a tremendous pace as more and more people are travelling the world over for business, pleasure and other reasons. To accommodate the travellers a number of new star-rated hotels are coming up all over the world which of course presents numerous job opportunities for the budding hoteliers. India being a large market for the travel and tourism industry is not far behind and caters to a huge number of domestic and international travellers. According to WTTC, India ranked 3rd among 185 countries in terms of travel and tourism’s total contribution to GDP in 2018. During January – April 2019, foreign tourist arrivals (FTAs) were 39,35,293 with the growth of 1.9 %. Thus, the hotel industry is well geared up to meet the booming demand for accommodation and related hospitality services.
With the passage of the time, the working style of the hospitality industry has seen sea changes and its existence is immense because it contains businesses not only in the accommodation sector but also in the food and beverage areas, travel and entertainment. The growth is so rapid that a large number of international brands are coming in with a number of properties in all cities all over the country. This has generated a huge demand for trained personnel to man the services in these hotels.
Moreover, the culture of dining out has also generated a large market for restaurants and eateries which require a huge number of trained professionals to man and run. All these developments open a large field for tourism operations and require skilled, trained and enthusiastic services.
The travel and tourism sector in India accounted for 8 % of total employment opportunities generated in the country in 2017 providing employment to around 41.6 million people during the same year. The number is expected to rise by 2 % per annum to 52.3 million jobs by 2028. This way it is expected to become one of the top employers in India. Travel and Tourism industry is transforming not only urban India but also rural parts of the country as lots of emphasis is being given to Agri-tourism and Eco-tourism is also being encouraged.
Education & Training
Hotels, restaurant owners
Passenger handling services
Banks & financial institutions