Hospitality Management Company In India 2022
Hospitality Management Company in India has emerged as one of the key drivers of growth among the Indian services industry. The Indian hotel market, including domestic, inbound, and outbound, was valued at US$ 32 billion in FY20, and is expected to reach US$ 52 billion by FY27, driven by rising demand from travelers and sustained marketing efforts by travel agents.
International hotel chains are expanding their presence in India, and they will account for around 47% of the sector’s revenues by 2020 and 50% by 2022. The Hotel & Tourism sector has received cumulative FDI inflows of US$ 15.89 billion since April 2000.
Many Hotel Group plans to invest around US$300 million in the next 3-5 years to develop the cruise sector in India. According to the Federation of Hotel & Restaurant Associations of India (FHRAI), in FY21, the Indian hotel management industry lost >Rs.1.30 lakh crore (US$ 17.81 billion) in revenue due to the effect of the COVID-19 pandemic.
There is an emerging trend where people stay at luxurious hotels to rejuvenate themselves from stress in a peaceful escape. In order to meet these needs, major hotel chains are focusing and strengthening more. Hospitality and Hotel Management companies are offering staycation options where guests can choose from a number of curated experiences, within the hotel.
All You Need to Know about Hospitality Management.
The first thing you need to know is what hospitality management service is. It involves managing the daily administrative, operational and commercial operations of businesses such as hotels, resorts, restaurants, catering establishments, shops, casinos, amusement parks, and many others. They are all part of the hospitality industry, from the biggest hotel chains to the smallest restaurants. As a manager in the hospitality sector, you are responsible for making your guests feel comfortable and making sure they have the best possible experience at your establishment.
Major Difference Between Hospitality and Hotel Management.
Hospitality and Hotel management are often confused due to similar academic requirements and the fact that they both relate to travel and tourism. There are, however, some important differences between the two fields. A hotel management company only specializes in the hotel industry and the job opportunities are limited to hotel management, housekeeping, and operations management. On the other hand, a hospitality company encompasses a wide range of industries, such as food and beverage, travel, accommodation, and event management. Managerial positions in this sector include casino manager, resort manager, restaurant manager, or event organizer, among others.
Saphhero Hotels and Resorts is one of the best hospitality management companies in India. We are ready to engage you in one of the finest vibrant hospitality experiences in India. Sapphero strives to provide an excellent choice for leisure and business travellers with its innovative and progressive spirit.
With hotels in unique and prime locations across the globe, Sapphero is sure to have a hotel to suit everyone’s needs!
Sapphero Hotels & Resorts is an Indian chain of hotels and resorts.
We at Sapphero Hotels & Resorts always strive to satisfy our guests beyond their expectations in the true spirit of Indian hospitality. Click here to find out more.