The Hospitality industry is a sunrise industry with a growth-rate of 11 percent. According to the Tourism Satellite Accounting (TSA) report, India is one of the most preferred tourist destinations for travelers across the globe. Growing at an average of 9.4 per cent over the next ten years, the above figure is expected to go up to almost USD 275.5 billion by 2018. Further, the industry is expected to contribute 6.1 per cent to India's GDP and provide almost 40 million jobs by 2018.
Hospitality is largely a people-oriented industry; the functioning revolves around a 24/7 cycle, requiring committed professionals. When recession hit the world last year, the tremors were felt in the hospitality sector too. However, the sector is showing signs of revival in India especially in the wake of the impending Commonwealth games. As the economy turns around and disposable income increases, one is likely to see a perceptible positive change in the hospitality sector. This is further likely to generate a large requirement of hospitality professionals in India.
Hospitality is largely a people-oriented industry; the functioning revolves around a 24/7 cycle, requiring committed professionals. When recession hit the world last year, the tremors were felt in the hospitality sector too. However, the sector is showing signs of revival in India especially in the wake of the impending Commonwealth games. As the economy turns around and disposable income increases, one is likely to see a perceptible positive change in the hospitality sector. This is further likely to generate a large requirement of hospitality professionals in India.
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