Future Prospects of Hospitality Management in India

September 30, 2011 by  Filed under: Management 

There will be a huge requirement for fresh graduates in Hospitality Management in India in the near future. In 2008, more than 600 billion domestic and foreign tourists visited India, which generated revenues of $43 billion. This growing in the Indian hospitality sector has given confidence to foreign and domestic investors. The big players of the hotel industry, such as the Oberoi Group, the Taj Group and the Welcome Group are seeing this as a great opportunity on which to capitalize. Every hotel industrialist has a plan for cities like Pune, Gurgaon, Mumbai, Banglore, and Chennai. There are almost 160 plans for four star, five star and luxury hotels and resorts in the aforesaid cities. Hospitality Management in India will therefore see huge job opportunities as well.

More Reasons to Opt for Hospitality Management in India

India is the 12th largest economy in the world and is likely to leave behind many European countries in the next 15 to 20 years. India is expected to become the 3rd or 4th largest economy of the world by 2050. The hospitality sector is contributing in a big way to this growth. The financial size of the hotel industry has doubled since 2004. This tremendous growth has produced millions of employment opportunities in Hospitality Management in India. Here are a few more reasons why courses in hospitality management in India are an intelligent and farsighted decision:

* In 2002, the Government of India intervened to promote the tourism sector by launching a tourism promotional campaign under the name of “Incredible India.” This campaign explored many new places and many reasons to visit India once again.

* The government is also providing Capital Subsidy plans to develop 2 star and 4 star hotels in India to encourage the hospitality industry.

* The government also has plans to initiate new projects like cruise terminals, golf courses and special trains for tourists under the public-private partnership model. To manage all these projects, there is a huge requirement for graduates of hospitality management in India.

* Many state governments are encouraging the tourism and hospitality sector by giving tax benefits and selling land at subsidized rates. The state government of Uttrakhand is giving 100% tax exemption for 3 years to multiplex projects. The Rajasthan government is also providing 10% to 8% tax exemption to all luxury hotels. Other states like Gujarat, Kerala and Orissa have introduced many projects under the public-private partnership model for the development of tourist destinations.

These efforts by the government and private organizations have achieved success in the past by giving jobs to more then 400,000 people in 2008. This is just a fraction of what the hospitality industry can generate. So if you are confused about what course to choose for graduation, a professional degree in Hospitality Management in India could go a long way in fulfilling your dreams.

For a successful career in the booming hospitality sector, choose from among the best that hospitality management India offers. Auro University, situated in Surat, Gujarat, is a premier institute that offers BS courses in Hospitality Management.

Article Source:
http://EzineArticles.com/?expert=Darin_Troy

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