#Rebound: Hospitality sector to witness a surge in global career opportunities – Dr. Ruchita Verma

    The hospitality sector spans a huge range of industries, from hotels and resorts to restaurants, events, and cruise ships, to travel, tourism, and airlines, to name a few. And the range of careers awaiting graduates is just as varied and far-reaching. The reasons to choose hospitality as an emerging career prospect are as many as the business itself and are as deep as its historical roots. As one of the world’s largest industries with a global economic contribution, the travel, and tourism industry is a great field to pursue a career. With every one in 10 jobs on the planet supported by travel and tourism, according to the World Travel & Tourism Council, the industry presents monumental career opportunities.
    Growth Prospects
    Even in the face of impending economic upheavals, the hospitality industry has always demonstrated considerable resiliency in its operations and has even managed to endure while other industries have failed. The global hospitality market is expected to reach $5297.78 billion in 2025 at a CAGR of 6%. With the growth of technology, the hospitality ecosystem has changed dramatically, and we’re now dealing with businesses that are evolving quicker than ever before. According to a report by the World Travel and Tourism Council, “Travel & Tourism is one of the fastest-growing sectors across the world. The hospitality sector is incredibly cosmopolitan, and being a part of it instantly makes you a member of the global hospitality community.
    Networking Opportunities
    Regardless of the direction, one wants for their career, networking and meeting new people is where an opportunity arises. On average, persons working in customer service and hospitality encounter three times as many people per day as those working in other industries. According to the Harvard Business Review, Millennials seek professions that will thrill them, and ‘development opportunity is one of the most significant aspects to consider when picking a career. Employees in the hotel industry have access to a multitude of opportunities and never-ending fresh contacts for building networks.
    Sense of Flexibility 
    Hospitality management is one of the few professions that allows traveling the world and brings in a sense of flexibility. As one of the world’s fastest-growing sectors, hospitality management includes hotels, events, travel & tourism, luxury services, culinary services, and other related industries. Hospitality management graduates are prepared for jobs in management within the hospitality business, such as hotel or catering manager, as well as experts or managers in certain industry activities, such as sales, marketing, food, and beverage service, housekeeping, front desk operations, or finance. Consultancy, research and advisory, and even design positions, as well as crossing into other industries, are all huge possibilities.
    The hospitality industry hones a skill set that is recognized worldwide and relevant to any industry, in the world. There’s a lot more to the industry than what meets the eye. The hotel business as a whole offers a wide variety of experiences. The tourism and hospitality business is a big umbrella that covers a lot of interesting jobs and provides an excellent platform for showcasing the hidden abilities to the rest of the world. 
    Dr. Ruchita Verma, Dean, NMIMS School of Hospitality Management
    Author : Dr. Ruchita Verma, Dean, NMIMS School of Hospitality Management