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April 7, 2008

Indian Hospitality Sector Generates More Jobs Than IT

The Indian hospitality sector generated more jobs than IT in 2007, according to a recent employment review. The latest employment survey by Ma Foi Management Consultants shows just over six million people are employed in hospitality in India. Ma Foi expects this to grow to 6.5

By cms admin

The Indian hospitality sector generated more jobs than IT in 2007, according to a recent employment review.

The latest employment survey by Ma Foi Management Consultants shows just over six million people are employed in hospitality in India.

Ma Foi expects this to grow to 6.5 million during 2008 – an increase of 6.9 percent.

The overall growth rate for Indian employment is likely to be 3.05 percent, Ma Foi managing director K Pandia Rajan says.

He says although other sectors such as IT and healthcare will continue to grow, hospitality is expected to recruit the most employees.

“India is likely to have around 40 international hotel brands by 2011,” Rajan says.

“We have seen a high degree of cascading in terms of average room rates as well. With the demand continuing to surge, many global hospitality majors have expressed keen interest in the Indian hospitality sector.”

By staff writer

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