Hotel management is considered as yet another sunrise industry, an employment generator, a significant source of foreign exchange for the country. During 2018, FEEs (Foreign Exchange Earnings) from tourism increased by 4.70 per cent* year-on-year to US$ 28.59 billion. FEEs during January 2019 was US$ 2.55 billion.

International hotel chains are increasing their presence in the country, as it will account for around 47 per cent share in the Tourism & Hospitality sector of India by 2020 & 50 per cent by 2022.

According to IBEF, the tourism & hospitality sector’s direct contribution to GDP surged by 23.6% in 2017, raising the share of the industry (direct & indirect) was Rs 5.9 trillion (US$ 91.3 billion). Also, tourism in India accounts for 9.4% of the GDP & is the 3rd largest foreign exchange earner for the country and ranked 7th in terms of tourism total contribution to GDP in 2017. This industry has provided employment to around 41.6 million people during the same year. The number is expected to rise by 2 per cent annum to 52.3 million jobs by 2028.

Accordingly, the hotel industry is expected to see an increase in room revenue at the rate of about 10-12% CAGR over the next 5 years.

According to STR Global, there are about 187,000 hotels across the globe and by all means, the number is growing and so are the demands for qualified personnel. In scenarios like this, pursuing a degree in Hotel Management becomes quite rewarding.