M.Sc. – International Hospitality & Tourism Management (2 Years including 6 months international internship)
The hospitality industry is one of the fastest growing industries worldwide. From tourism and travel, to restaurants and luxury retail- there’s an abundance of career opportunities in a plethora of sectors which is growing day by day. Travel and tourism is predicted to outperform the global economy. Travel and Tourism supported 292 million jobs across the world in 2016. That adds up to an average of 1 in 10 of all jobs worldwide. According to WTTC report 2018, by 2028, travel and tourism will support 23% of all new jobs created.
The Indian tourism and hospitality industry has emerged as one of the key drivers of growth among the services sector in India. Tourism in India has significant potential considering the rich cultural and historical heritage, variety in ecology, terrains and places of natural beauty spread across the country. Total contribution by travel and tourism sector to India’s GDP is expected to increase from Rs 15.24 trillion (US$ 234.03 billion) in 2017 to Rs 32.05 trillion (US$ 492.21 billion) in 2028. India was ranked 7th among 184 countries in terms of travel & tourism’s total contribution to GDP in 2017.
Tourism is also a potentially large employment generator besides being a significant source of foreign exchange for the country. The travel & tourism sector in India accounted for 8 per cent of the total employment opportunities generated in the country in 2017, providing employment to around 41.6 million people during the same year. The number is expected to rise by 2 per cent annum to 52.3 million jobs by 2028.This has immensely enhanced the requirement of trained hospitality personnel. International hotel chains are increasing their presence in the country, as it will account for around 47 per cent share in the Tourism & Hospitality sector of India by 2020 & 50 per cent by 2022.