Emerging trends in Hospitality Industry

This industry is a concise cluster of services which are offered to consumers while travelling, living or enjoying a vacation on a cruise, restaurant and amusement park, celebrity events like accommodation, dining, transportation and likes.

This industry in India although very clustered is a lucrative industry which is dependent solely on daily earnings of the hospitality unit. For example a restaurant, guesthouse, or a theme park which comprises of various staff units which maintain, as well as operate waiters, housekeepers, caretakers, kitchen staff, bartenders and likes.

Growth: Is one of the most dynamic industries and continues to grow year after year. The World Travel Organization predicts that it will triple in size by the year 2020, becoming one of the largest industries in the world. This growth will provide many employment opportunities for people with the right qualifications.

Change in standards of living: With the new emerging career opportunities in India as well as on global fronts, hospitality has improved our standard of living. Primitively hospitality services and business was considered as a non-lucrative career avenue, but today with the increasing demand of staff to work in the premium hotels, luxury vacation homes the horizons of the hospitality industry have enriched.

Lucrative orientation: Hospitality is among the many industries which have assured lucrative returns, as the orientation of the industry is aimed to attain appreciation with service. Dependent on the aim to attain maximum returns, this industry demands minimal investment, without any compromise on satisfying patrons, as the industry is totally driven by them.

Superior Education: Education is the prime factor to earn a better livelihood as well as live a luxurious life, with this understood more and more students are attaining formal education from hospitality colleges. To assist professionals gain expertise and diploma various programmes have been organised as vocational courses at state run universities in India as well as global fronts to teach students the basics as well as the core fundamentals of hospitality industry.

Extended leisure time: With our fast paced routines, everyone is in the constant desire to visit an exclusive holiday destination and experience the best luxuries. This growing demand to pamper themselves either as couples, singles or as a family is the main factor for flourishing the industry. As more and more people demand extended leisure time, this industry will continue to expand.