Huge Contribution of Tourism and Hospitality Industry in India

Despite the huge contribution of India's tourism and hospitality industry to the developing economy and employment in the country, the year 2020 was proclaimed a year of "NO BUSINESS" by hospitality professionals in India and worldwide. It taught the world new words like pivoting, paradigm shift, and, most of all, unprecedented times. The Hospitality and Tourism Industry in India had many jobs lost, hotel shutdowns, flights, grounded, and ships docked across the Indian Ocean. Moving further and despite the growing number of cases of Covid-19 and new British variants, the Indian hospitality industry is hopeful that business will rebound by October 2021.

Foreign Investments and the rise of multinational companies in India have contributed to a new tourism and hospitality era. The last decade has seen significant growth in per capita income in the middle-class community, chipping a large sum of money to India's hospitality industry. Moreover, this sector's spiraling demands have invited International hospitality brands to spread their wings in the country with the opening of hundreds of new hotels and restaurants and numerous under the pipeline. According to the reports by Statista, the number of hotel rooms across the nation was over 2.54 million in 2018. The national capital region of Delhi had the highest supply of rooms with over 14 thousand in 2018. Currently, tourism is the largest service sector in the country.

The substantial growth in disposable income in the middle-class has seen a consistent surge in domestic and international tourism. According to a report by KPMG, the hospitality sector in India is expected to grow at 16.1 percent CAGR to reach Rs 2,796.9 thousand crores in 2022. The Incredible India Campaign is one of the fundamental drivers to draw in International tourism in the country. To meet the hospitality and travel industry's demands, many hospitality and tourism management colleges have facilitated the hospitality and tourism degree to train them to join the workforce. These students can also choose diploma courses to work in the sector.

Hospitality and Tourism Management Degree is the gateway to boundless opportunities in the industry. Gradually, trained students can aspire to work in hotels, resorts, bars, nightclubs, airlines, cruise ships, and many more sub-industries. Once they have adequate skills and knowledge of the trade, they can explore the boundaries and settle for the right positions and salaries. Furthermore, opening their chances to work in International brands abroad. The best colleges for hospitality and tourism offer various study programs to train students and equip them with a globally influenced curriculum. It takes a combination of business strategy, excellent people skills, and a University degree in hospitality, leading them more quickly to management roles.

Domestic tourism, corporate travel, spiritual tourism, medical tourism, cultural tourism, and International tourism is recorded as tourism types in the country, adding a large sum of money to the economy every year. The eco-system of students, hotel management colleges, hotels, and hospitality companies and suppliers are the backbones and key for the growing economy. In general, the Indian people community has distinguished tourism and hospitality as an instrumental profession; step by step, numerous understudies decide to contemplate the hotel industry as executives to flourish and discover openings worldwide. It is why countless private foundations have opened their entryways in little Indian urban communities to take into account the requirements developing interest of understudies. One of every ten family units has an understudy considering tourism and hospitality management in India.

COVID-19 has brought the entire world to a standstill, but India's tourism and hospitality companies have felt the most obliteration and maybe the last business to recuperate. At one point, after three months of strict lockdown in India, the banquet industry came to the rescue with a few weddings and events. Not to mention, banqueting is one of the most prominent parts due to weddings, corporate events, and large parties. Among the chaos and the battle of survival, owners and management companies are gazing at the vaccinations. Among the mayhem and the clash of endurance, proprietors and executives are looking at the inoculations. Experts accept that once the vast majority are immunized, and crowd insusceptibility is cultivated, individuals will travel once more, and the business will prosper again.