Opportunities in Hospitality Industry

The government is making tremendous effort in he areas of investment and infrastructure with an overall aim to boost the tourism industry. At the present growth rate, the sector is very healthy and the boom will continue.

The industry is growing at a very rapid pace and there is a demand for more rooms both in metros and smaller towns.

The hospitality industry is intricately linked to the tourism industry and the growth in the Indian tourism industry has fuelled the growth of the Indian hotel industry. . The current growth of the hospitality industry has been driven by three main factors: (1) The middle class segment in India is growing and Indians are becoming more mobile within and outside the country. (2) India has become the IT centre of Asia bringing in more investment and (3) the Indian ministry of Tourism has been proactive in launching a successful global advertising campaign,
‘Incredible India’. There is no doubt that the hospitality industry is going to grow by leaps and bounds in the near future. There are better prospects in store, all thanks to the growing tourism industry.

Creating More opportunities: Since the industry is growing at such as fast pace, it is an obvious fact that the employment opportunities in this sector will also grow in abundance. With the increase in demand for the existing job profiles, there will also be a scope for a lot of new job roles. Indians will have exciting management care opportunities in the booming filed of international hospitality and it is forecasted to be the number 3 market in the world by 2015 for hospitality and tourism. It is very clear that well educated hospitality managers with an international perspective and professional experience will be in high demand.

We don’t see a significant difference in the job roles; however given the growth in the industry, the number of people required will certainly increase manifold. As more international hospitality companies make their presence felt in India, there is a keen interest and need to set up ‘development teams’ that conduct feasibility studies, identify suitable sites and partner with developers that can build hotels and mixed use development projects.

Due to the immense demand of talented people, the hospitality sector offers great careers in top-notch hotels. Segments like civil aviation, hotels, tour operating companies, travel agencies, chefs etc are a few segments within the industry that offer attractive career options. With increasing globalization, career opportunities in this field are not only limited within the country but there are chains of hotels which operate internationally as well.

Though the industry is leading towards substantial growth prospects, there are still many challenges and obstacles that come on the way. While there is a significant support in terms of hotel management schools, our biggest challenge continues to remain an acute shortage of skilled people. In our present scenario, our focus is to internally identify our key performers and map out a career path for them. This rapid growth in tourism and hotel industry has left a wide gap in getting skilled manpower that is needed to run the industry. The future of the industry will remain with companies who are able to look after the welfare of their employees and who will invest in training. The industry will most certainly become competitive in terms of hotel room rates which are at some of the highest levels of anywhere in the world.

On the other hand, losing people and the challenge of replacing will be a major problem in the industry. Hotels also have to start the ‘bench strength’ re-look at the specifications and reach to smaller towns and provide more incentives.

Employee engagement programs and other welfare schemes are some necessary steps that one should follow in order to make our employees feel happy and willing to stay.

Looking at the way this industry is booming at present, the future too looks very promising. There are many opportunities for those who are aspiring to be a part of this flourishing industry.