Want to start your career in the hotel and hospitality sector? Then you need to start by getting the right training and knowledge which will help you become a skilled professional in this field. But is a career in the hotel industry lucrative for you? Let’s have a look at the growth prospects in this sector…
A growing industry
As global corporate profits were high in 2014, the hotel and hospitality sector grew with a strong increase in leisure and business travel. It was found that travel and tourism significantly added to the growth of GDP in several nations across the globe, including the USA. The World Travel & Tourism Council reveals that last year travel and tourism accounted for almost 9.6 per cent of the global GDP. It is estimated that this number will increase to 10.3 per cent by 2024. It was also predicted that global business spending will rise to $1.18 trillion by almost 7 per cent over the 2013 numbers.
Moreover, a new study conducted by STR (Smith Travel Research) reveals a bullish and compelling trend for the American hotel industry. With the average daily rate (:ADR), revenue per available room (RevPAR) and occupancy rate increasing significantly last year, experts believe the sector will perform even better this year, not only in the US, but on a global scale.
Need for effective training
Despite the predicted industry growth in the coming years, numerous employers and industry experts claim that there lack of properly trained and qualified professionals. Hence, if you are planning on a career in hospitality, then this is surely the best time for you. However, you must make sure that you have acquired the right skills and knowledge to become a skilled professional in this sector. But the fact remains that pursuing full time hotel management courses will require you to invest excessive time and money, which can be a serious challenge for most aspirants.
Get a degree online
If you ask me, studying an online diploma in hotel management will be more effective and beneficial for you. You will not only be able to acquire the necessary skills and knowledge to land a hotel management job, but you will also get an array of career opportunities from various fields. You will be able to land jobs in fields like hotels, restaurants, casinos, cruise ships and others across the globe.
Moreover, all hotel management courses online offer excellent flexibility, accessibility and affordability. Hence you have the opportunity to work a full time job and gain relevant experience while you pursue your degree. The fact is an accredited diploma in hotel management will offer you the best opportunities to start a great and lucrative career in this industry.