Supply & Demand Gap In Hospitality Industries
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Issues & Views
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- The percentage of graduates, choosing hotel management as an alternate career has increased from 50% to 70%, post Covid pandemic.
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- Indian economy average growth lies between 5 to 6.5% ,whereas the hospitality industry growth is around 11% and is expected to further grow in future.
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- There has been a global surge in demand for man-power requirement in the hospitality sector, thereby increasing the gap of demand and supply.
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- Tourism is the second largest industry with respect to employment engagement.
- The Hotel Management course does not require a specialized background and can thus be the choice of students across all streams.