The hospitality industry has bounced back after the Covid crisis and how. It has beautifully recovered with many innovations to help it withstand the turbulence that the pandemic brought along with it. The industry has changed as per new norms, adopted sustainable practices and constantly strived to provide the best experiences to the patrons despite the challenges. In difficult times like these, we realise the need for good leadership. Behind all successful hotels is an efficient team of managers and executives.
In this blog, we will get to know the role and responsibilities of these senior executives and how they have been contributing to the growth of the hotel industry. We will also look at the highest paying jobs in the industry and what makes them stand apart from the rest. Read on.
Overview of Hospitality Industry
The hospitality industry is credited with giving people the best experiences of their life – be it through excellent food, best dining experiences or memorable stays in the hotel rooms. The hospitality industry includes ventures like restaurants, cruise ships, resorts, hotels, bars, hospitals, shopping arcades, the aviation industry and theme parks. This industry is broadly divided into four segments: Food & Beverages, Travel & Tourism, Lodging and Recreation.
The hospitality industry is a multibillion-dollar industry and deals with various aspects of the service industry. This is among the few industries that is dependent on the availability of leisure time, disposable income and customer satisfaction.
Future Scope of Hospitality Industry in India
In India, the tourism and hotel industry has emerged as one of the key drivers of growth. The country’s rich cultural heritage, natural beauty and variety of ecology have for decades attracted tourists. In India, the tourism sector accounts for nearly 39 million jobs. The number of foreign tourists is expected to be around 30.5 billion in the next 7 years. The Indian government has also taken various initiatives to boost the sector.
The Indian hospitality sector has embraced staycations as the new emerging trend. Major hotel chains in the country are now introducing staycation offers for the guests to choose from. The tourism industry in India has proved itself time and again and is expected to grow even further due to the expansion of the e-Visa scheme.
11 Best Highest Paying Jobs in Hospitality Industry
The workforce behind the employees of this sector gets the credit for running these organisations successfully. Therefore, they are also paid accordingly. The salary of the hotel staff depends on factors like 1. Experience 2. Speciality 3. Location.
In this section, we will look at some of the highest-paid jobs in the industry.
Hotel Manager: This is a highly respected position. Their main role is to manage the staff within the hotel. It requires quick-thinking skills and the ability to organise people.
Salary: The average salary for a hotel manager is Rs 448K per annum. After gaining nearly 6 years of experience they earn around Rs 650K. When they complete almost two decades they draw Rs 810K annually.
Restaurant Manager: They are in charge of the daily operations of the restaurant. The person hires, trains and schedules staff to meet the business demands. They also set the standard for service and food quality.
Salary: The average salary of a restaurant manager is Rs 409K per annum. At the entry level, they make around Rs 266K, which goes up to Rs 322K in 4 years. With 5-9 years of experience, the manager makes Rs 411K. This increases to Rs 481K after 10 years and then to Rs 491K annually after 20 years.
Operations Manager: This role requires one to have skills in operations management, people management, leadership and project management. An operations manager in a restaurant draws an average salary of Rs 759K in a year. In the early stages of the career, the person draws Rs 435K. This increases to Rs 691K by the end of 9 years. An experienced Operations Manager will take home Rs 998K.
Executive Chef: The Executive Chef is expected to share their knowledge and experience with the employees, delegate tasks and ensure that the service and quality are maintained.
Salary: The average salary of an Executive Chef is Rs 768K. At the entry-level, the Executive Chef with 5-9 years of experience will earn an average total compensation of Rs 524K per annum. Further down with 5-9 years, the person will be drawing Rs 823K. Another 5 years later, the executive chef will be taking home Rs 870K.
Sommelier: A sommelier commonly works in upscale restaurants, hotels and other retail locations where expensive wines are sold. They also work as wine consultants and in advisory roles to businesses, groups and individuals. The role requires you to have an in-depth knowledge of wines, vineyards and the production details.
Salary: The average base salary of a sommelier is around Rs 606K.
Event Manager: They create, schedule and organise conferences and parties. They work along with the clients to understand their preferences. Customer service and communication skills are the two very important aspects of this role.
Salary: The average salary of an event manager is Rs 445K per annum. After 4 years of experience, the person will draw nearly Rs 589K. After 20 years or more, an event manager will take home Rs 625K.
Travel Manager: Travel managers supervise operations within retail outlets and manage the sales department, staff, finances and daily operations. They are aware of the latest developments in the industry and use that knowledge in their day-to-day work.
Salary: The average base salary of Rs 312K per annum. With 5-9 years of experience, the manager draws an average total compensation of Rs 540K. After nearly 20 years of experience, the travel managers’ salary is around Rs 615K.
Food and Beverage Director: This is an executive role who works in a hospitality capacity. These directors oversee the entire food and beverage service aspects. They handle human resource decisions, purchasing decisions as well as the menu design.
The average base salary for a food and beverages director is Rs 1,831,257.
Housekeeping Director: The average salary of a housekeeping manager is Rs 352,553. A housekeeping manager with 1-4 years of experience will draw around Rs 325,000. A mid-career housekeeping manager with 5-9 years of experience earns an average total compensation of Rs 361,741.
We can now conclude that the hotel industry has a couple of high paying jobs, making the industry a lucrative one for many graduates. With government campaigns going on in full swing, the tourism industry has been able to harness its full potential. It has thus turned out to be one of the best industries in terms of career opportunities.
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