Best Private Universities for Hotel Management in Haryana
The Indian hospitality sector is experiencing a booming market. Following a challenging period during the pandemic, the industry experienced a significant surge in growth in 2022–2023. As a result, private universities in Haryana specializing in hotel management are flourishing, with individuals entering this field with renewed enthusiasm. This blog dives into the latest statistics and explores vast career possibilities for hotel management.
Riding the Wave: Stellar Performance in 2022–23
Record-breaking Occupancy: Nationwide occupancy reached 66.1%, the second-highest in a decade.
ADR at its Peak: Average daily rates (ADR) hit an all-time high of INR 6,869.
RevPAR Soars: Revenue per available room (RevPAR) jumped by a significant 82% compared to 2021/22.
Factors Fueling the Growth Engine
Domestic Tourism Takes Center Stage: A surge in “revenge travel” by Indian vacationers is a key driver.
Business Travel Bounces Back: Domestic corporate travel demand saw a healthy rise.
Sporting Events Create Demand: Events like the IPL and Pro Kabaddi League boosted hotel bookings.
MICE and Big Fat Indian Weddings Return: Meetings, incentives, conferences, and weddings are back in full swing.
Looking Ahead: A Sustainable Future?
While 2022–23 was exceptional, the industry needs to prepare for the coming years. Here’s what experts predict:
Maintaining Momentum: We anticipate strong occupancy, ranging between 68 and 70% in 2023–2024.
ADR Growth to Moderate: Average daily rates will likely cross INR 7,500 in 2023–24 but then stabilize.
Supply on the Rise: New hotel rooms are being added, but demand is likely to absorb them.
Tier 2 and 3 Cities See Growth: A significant portion of the new supply will be in smaller towns and cities.
The Goldilocks Zone: A Balanced Future
Experts predict the Indian hospitality industry will reach a stable and sustainable growth state known as the “Goldilocks Zone.” This is positive news for the industry as a whole.
How do I prepare? Upskilling the Workforce
With the hospitality industry on an upswing, there’s a growing demand for skilled professionals. This is a wonderful time for those considering a career in hotel management. Here’s where private universities for hotel management in Haryana come into play.
Haryana hosts several reputed private universities offering excellent hotel management programs. These programs equip students with the knowledge and skills required to excel in the hospitality sector. A degree in hotel management from one of these private universities in Haryana can lead to exciting opportunities in this dynamic industry.
Career Opportunities:
What career opportunities can you expect after graduating from one of the best private universities for hotel management in Haryana in 2024? Here are just a few:
Hotel Operations Management:
Front Office Manager
Housekeeping Manager
Food and Beverage Manager
Banquet Manager
Event Management:
Event Planner
Wedding Coordinator
Conference Organizer
Culinary Arts:
Executive Chef
Sous Chef
Pastry Chef
Culinary Instructor
Hospitality Marketing and Sales:
Marketing Manager
Sales Manager
Public Relations Specialist
Conclusion: A Time for Optimism
The Indian hospitality industry is in a favorable place. By understanding the latest trends and preparing for the future, hotels can ensure continued success. For aspiring hotel professionals, private universities for hotel management in Haryana offer a strong foundation for a fulfilling career in this booming sector.
Also Read: https://srmuniversity.ac.in/blog/top-hotel-management-university-in-delhi-ncr-in-2024/
