The Many Benefits of a Hospitality Management Career
More and more high school graduates and college-educated adults are discovering the benefits of a career in the hospitality industry. In fact, the World Travel and Tourism Council recently affirmed that travel and tourism account for 8 percent of total world jobs. The Council also reported that this industry boasts a higher potential for growth than any other.
The truth is that people are traveling for both business and leisure in greater numbers than ever before. And when these people are away from home, they rely upon hospitality professionals for service, comfort, and a bit of diversion and fun.
The following are several reasons to explore the exciting and rapidly expanding field of hospitality management:
Entry Level Job Opportunities
It’s frustrating to discover that you can’t get a job without experience when you certainly can’t get experience without a job. Unlike many industries that demand years of work experience even for low-level positions, the hospitality industry offers a wide range of career options for relatively inexperienced individuals with the proper training. Because it often values a strong work ethic, a dedication to quality service, and an outgoing personality more than years of experience, the hospitality industry is brimming with opportunities for new grads.
A Relaxing Work Environment
Few career paths center on helping people relax and get away from the hectic ups and downs of everyday life. Individuals who work in hotels and resorts enjoy the same welcoming environment that attracts tourists in search of a good time. When you are surrounded by happy vacationers, you cannot help but absorb some of that calm and pleasurable “vacation vibe.”
Competitive Pay Rates
High paying hospitality jobs are abundant in the United States and abroad. Although rates of compensation differ from field to field and location to location, hospitality positions offer solid starting salaries and ample opportunity for pay increases. Here are the annual pay ranges for several popular hospitality management jobs:
- Lodging Manager - $30,688 to $100,525
- Food and Beverage Manager - $29,870 to $67,822
- Travel and Tourism Manager - $32,000 to $124,616
- Casino Manager - $124,618 to $338,199
Worldwide, the hospitality industry takes in approximately $3.5 trillion per year. This money is divided among a wide variety of employers. From large hotel chains to roadside motels to exclusive resorts and casinos, a career in hospitality can lead an ambitious worker in countless directions. Individuals who start in property-level management positions often accept quick promotions to regional and executive management posts.
Because many hotels are owned and/or operated by major companies such as Marriott, Hyatt, and Hilton, they know what it takes to stay in business. In large part, this means offering great benefits in order to attract and retain exceptional management team members and staff workers. Industry leaders typically provide extremely competitive healthcare packages and 401(k) retirement plans. They also often support generous maternity leave, sick leave, and vacation pay policies. Many even offer tuition reimbursement for various relevant educational programs. The industry itself comes with considerable benefits as well. In many cases, travel and tourism managers are able to journey to exotic and desirable locations at a great discount…or even for free!
For all of these reasons and more, a career in hospitality is more than worth examining. Respected institutions such as the Ecole Hôtelière de Lausanne (EHL) offer bachelor’s degrees in hospitality management with a variety of focuses. They also offer master’s degrees for existing hospitality professionals who wish to accelerate their careers. Interested individuals can also earn an executive MBA with a concentration in hospitality administration.