7.5 % of the country's total GDP comes from the ever-expanding hospitality industry. From an economic standpoint, Indians are seeing their spending power increase steadily over the past few years. The travel, tourism and hospitality industry is one of the biggest recipients of Foreign Direct Investments (FDIs) resulting in many foreign hospitality franchises setting shop in India. This growing demand has positively impacted the education spectrum, as hospitality courses are quite popular with young undergraduates.
Hospitality management courses are quite sough-after during each academic year. It provides a wide range of scope in one's professional growth and has a decent reputation amongst career guidance counselors too.
However, there is still a major shortage in terms of manpower in the industry. Additionally making matters worse is a negative trend which is shying students away from the taking up a career in the field of hospitality.
A relatively lackluster package that has been offered to not just freshers but also moderately experienced professionals in the hospitality sector has no doubt hampered the number of admissions. However, as mentioned above, globalization of markets is slowly balancing things out for good.
Some may call it unsettled, but career in Hospitality is as exciting as you can think of. The career scope is bright as you will come to realize in the next section....