Hospitality Management - Anant Kumar Saw

The future of hospitality as a career looks bright and promising. The hospitality industry has been growing rapidly in recent years and is expected to continue to grow in the years to come. According to the World Travel and Tourism Council, the hospitality industry will create approximately 86 million new jobs by 2030. The Indian hospitality industry has been showing promising growth in the last few years. Although it has been hit hard by the pandemic, it is showing signs of improvement on various fronts. According to the Indian Brand Equity Foundation, the country expects to welcome about 31 billion international tourists by 2030, generating over $60 billion in revenue. To anyone who follows the industry closely, these numbers seem achievable. After all, India is home to some famous world heritage sites, biogeographical zones and picturesque beaches. In addition, with such optimism and in view of the above-mentioned growing number of tourists, the number of hotels will als...

Hospitality is one of the fastest growing industries in the world today. According to Ernst & Young's report, Global Hospitality Industry Insights 2016, hospitality will be the largest employer in the world, contributing 1 in 11 jobs created. The World Travel & Tourism Council calculated that tourism generated $8.31 trillion ($120 billion) or 6.3 percent of the nation's GDP in 2015 and supported 37.315 million jobs, 8.7 percent of its total employment. The sector is expected to grow at an average annual rate of 7.5 percent to $18.36 trillion ($270 billion) by 2025 (7.2 percent of GDP). This makes India one of the fastest growing tourism sectors in the next decade. With the Ministry of Tourism (MoT), Government of India targeting a growth rate of over 12 percent in both inbound and domestic tourists, the tourism sector is projected to generate additional employment for around 2.5 million people, both directly and indirectly during the period 2010-16 (12th Pla...