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Hotel industry - the only sector to sail through economic crisis

Published On: 02 Aug 2012 | Last Updated On: 02 Aug 2012

Increasing number of hotels every year are creating ample opportunities for hotel management graduates. This is the reason why hospitality management is holding promise despite of economic crisis. While the hotel industry is only slightly affected by the economic slowdown, the industry graduates appear to be unperturbed. The industry has grown by 7% annually and graduates from reputed institutes are not affected.

Twenty Five years old assistant manager of ITC Maratha in Mumbai expressed that his people skills is his biggest asset. His training has prepared him to venture into numerous other professional areas. He has given training at different ITC properties across the country in last 5 years; last one was ITC Windsor as understudy manager.

India has nearly 50 hotel management colleges. To enroll for hotel management courses, 6500 applicants across India take the entrance test every year. 50% of these institutes were established by the National Council for Hotel Management & Catering Technology.

Private colleges set up by prominent hotel chains of India such as The Oberoi, the Taj group and the ITC (Indian Hotel Chain) group has added to the list. The ITC group has partnered with the TMA Pai Foundation in Manipal to establish the Welcomgroup Graduate School, the ITC Hotel Management Institute (ITCHMI) and a management training program of 18 months for graduate from any stream. There are many diploma courses for postgraduates. All students are given industrial training of 6 months following which hotel chains recruit them through campus placements.

ITC’s Welcomlegionnnaire is a 4-year program for students who have qualified class XII. The course is a full time scholarship where students get monthly stipend of Rs 5000-15000 during the course. However, the course requires students to sign a bond to work only for the ITC group for a fixed period. If a student violates a bond, they are liable to pay the fine.

By the end of the course, most colleges inform students about placements by January and they grab offers by March. About 85% of the batch graduating from IHM-A this year have already job offers. Initially students are hired as hotel operations management trainees, and gradually they reach to the position of assistant restaurant managers, assistant duty managers, restaurant managers, front office managers, food and beverage managers and general managers.

Taj offers a monthly stipend of Rs 16,500 to its interns. This amount can vary upto Rs 18,000 and is revised regularly. The salaries of 15 to 18 Taj management trainees selected out of a batch of 1000 can vary from Rs 30,000 to Rs 40,000 per month in 2-3 years based on the growth within the industry.

While the salary packages are lucrative and lifestyle is comfortable, the attrition rate in hotel industry is high varying from 18-20%. 50% of the hotel management students don’t remain in the industry and use their skills in different fields.

Source: Business Standard

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