What is the importance of hospitality management?

hospitality management

Brief Introduction to Hospitality Industry

 The idea of hospitality is to welcome visitors in a spirit of cooperation outsiders from other places. Hospitality means generosity, reverence and even preservation; it creates empathy and affection between cultures. Hospitality today also refers to a portion of the hotel industry that covers hotels, dining and other facilities related to travel and tourism.

As such, the hotel sector is crucial not only to communities, but also to economies and employers. The hospitality and hotel sector actually accounts for over 20% of global GDP. Predictions indicate that 150 million jobs will be added to the hotel industry over the next two decades and that the industry itself will expand by 30%.

Importance of hospitality management

Hospitality management activities shall include the deployment of personnel, supplies, facilities and technologies. As an operations manager, you will be asked to create and distribute services or products to consumers on the basis of their needs.

In managing activities, the task is to resolve numerous strategic concerns, including the use of project management approaches and the scale of manufacturing plants, as well as the introduction of the IT network system. Other organizational tasks include the monitoring of inventory levels, the procurement of raw product, materials processing, and quality control and work-in-process levels.

Hospitality offers vital amenities like accommodation and food to visitors, because they’re on the move for reasons of need, pleasure or comfort. Hospitality is a crucial element in any holiday and business trip and is thus essential for individual consumers and companies. Of instance, some hospitality businesses, such as entertainment venues and hotels, serve locals and visitors alike.

Strong accommodation options attract more visitors to come and spend money on businesses in the city, both large and small.

It places them on an even footing with bigger businesses, since international visitors also have a particular fondness for locally produced products and the personalized service that start-ups and micro-entrepreneurs have to deliver.

It is also important to note that hospitality will make a difference between companies and their rivals. If the customer is trapped between choosing a company providing mediocre service and then another business offering excellent service, they would generally prefer the latter.

Growth and Prospects of Hospitality Management

The hospitality industry has seen a massive growth in the several years.  Hospitality also encourages employment in the arts and music sectors, ensuring that theatre and arts festivals flourish. In addition to being a massive job maker, this industry offers a satisfying career path for practitioners.

It offers a huge range of job opportunities, from event planning to hotel management facilities, asset manager, chef and many others beyond this. Aspiring entrepreneurs can start their own restaurants and boutique hotels. Hotel management professionals get to work in exclusive locations around the world.

The importance of hospitality and hotel management has been explored quite well through the education of this field as well. You would find that the courses of this stream are also accelerating at a magnanimous rate. This has created a whole industry worth billions and which is most definitely booming with incredible potential.

If you want to be a part of this field, then take admission in a hospitality management college in Kolkata for a hospitality and hotel management degree from Subhash Bose Institute of Hotel Management (SBIHM). The excellent thing is that this college is up for offering confirmed placements by the end of the degree period as well.

Are you still doubtful about anything? Do not hesitate to enquire for a counseling session. They do offer free counseling session to all students.

Wishing you good luck for all your future endeavors!

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