Travel and Tourism Institute- ITFT College Chandigarh

Govt. School, Hoshiarpur Students visit to ITFT College

ICSI Events: Highlights (January-April 2016)

Education, Counseling, Research & Development Services

Education and skill development has a major role to play for growth in a countries economic & demographic dividend. According to a report by Economics division of Ministry of Finance, by the year 2014-15 Indian Education sector is termed to increase to Rs 602,410 crore (US$ 95.80 billion) with quality education as strong trait, according to a report by India Ratings. The private education sector is estimated to reach US$ 70 billion by 2013 and US$ 115 billion by 2018, according to a consulting firm Technopak.

In the FY year 2013-14 government had spent 4.6% of its GDP in education sector. Taking importance of education and skill development in prior consideration and to double the GER in next eight years, the Government of India has set itself an aggressive target of achieving 30 per cent gross enrolment ratio (GER) in higher education by 2020.

Foreseeing an increase in the pace of growth of education sector in India, many alliances and acquisitions are looked upon by many private companies. Variably core investments are being seen in the areas of pre-schools, private coaching and tutoring, teacher training, development and provision of multimedia content, educational software development, skill enhancement, IT training and e-learning.

According to GE’s Annual Global Innovative Barometer, India has been ranked as the world’s sixth most ‘innovative’ country. DrManmohan Singh, Ex- Prime Minister of India, urged the country's private sector and industry to invest in enhancing education and research in the country, as India looks to increase its gross enrolment ratio to 30 per cent by 2020. 

The government is currently in the midst of rolling out the RashtriyaUchchatarShikshaAbhiyan (RUSA) which will create 278 new universities and 388 new colleges in addition to converting 266 colleges to model degree colleges by the end of the 13th Five Year Plan (2017-22).According to a report 'Education in India: Securing the demographic dividend', published by Grant Thornton, the primary and secondary education, or K-12 sector is expected to reach US$ 50 billion in 2015 from US$ 24.5 billion in 2008, growing at an estimated compound annual growth rate (CAGR) of 14 per cent.

Further, according to the report '40 million by 2020: Preparing for a new paradigm in Indian Higher Education' released by Ernst & Young, the higher education sector in India is expected to witness a growth of 18 per cent CAGR till 2020. At present, the sector witnesses spends of more than Rs 46,200 crore (US$ 7.68 billion), which is estimated to grow over Rs 232,500 crore (US$ 38.69 billion) in 10 years.

According to a Goldman Sachs report — ‘India’s Rising Labor Force’ — around 100 million people from India are projected to join the global workforce by 2020. With 50% of its population below the age of 25 and more than 65% hovering below the age of 35, India seems to be poised to reap a demographic dividend. 

An editorial in the Deccan Chronicle in October 2012 pointed out that the Twelfth Plan is crucial to realising the so-called demographic dividend available to India by 2020: i.e., a population with an average age of 29 compared with 37 and 38 for China and the United States, respectively. But then, if young Indians are to meaningfully participate in the economy and contribute to growth, they need a reformed system. “It is imperative to improve the quality of teaching in schools,” the editorial argued.

Research & development

Along with US and China, India is poised to be third largest economy, to play a leading and important role in global economy.

Research is the keystone for widening India’s production potential and universities must be the hotbeds of research activity, said MrPranab Mukherjee, President of India.

The services sector which includes research and development (R&D), testing and analysis besides other related segments attracted foreign direct investments (FDI) worth US$ 39,039 million between April 2000 to January 2014, an increase of 18 per cent to the total FDI inflows in terms of US$, according to data published by Department of Industrial Policy and Promotion (DIPP).

for more information visit education and counselling management institute

Careers in the hospitality industry

From the renaissance era to modern era of 21^st century the inception of the hospitality concept surfaced and became a commercial endeavor. Now it’s not limited to just a room and board, the industry has morphed into a multitrillion dollar global enterprise.

 The hospitality industry encompasses primarily of lodging, food service, and travel and tourism sector. The lodging segment includes hotels, motels, casinos, resorts, bed and breakfast operations. The food service operations consists of quick service restaurants, institutional food service operations, full-service restaurants, lodging food service just to name a few. The travel and tourism sector includes airlines, cruise lines, tour operations, and tourist bureaus. Other areas of the hospitality industry include event venues, conference and convention centers, consulting firms, and clubs.

Before intruding into industry one need to be clear about industry, its work culture and most important about one’s own personality that will he/she be able to cope up with things?

• Are you ready to take the plunge in the hospitality industry?
• Do you have a vibrant, outgoing, and upbeat personality?
• Do you have the drive and energy to persevere?
• Are you a leader?
• Are you a team player?

Do you feel a sense of fulfillment when extending a helping hand to others?

Do you enjoy meeting people from different walks of life?

Do you love to travel?

Do you acclimatize well to change?

There are some of the necessary personality traits, skills, and qualities to thrive in this line of work. No two days are alike in the hospitality industry; each day brings an array of challenges. Hospitality employees strive to anticipate customer needs, exceed expectations, and pursue excellence. These service qualities are vital for hospitality professionals to exude in the field.

·        There are numerous career choices in the hospitality industry. Typically, entry level positions are procured in operations. A lodging sector entry level position may be attained in front office or food and beverage operations. These positions are also available in other areas such as sales and marketing, sales and catering, finance and accounting, or human resource departments.

·   Middle management opportunities in the lodging and food service sector include executive positions, and typically are titled Assistant Manager or Supervisor.

·        In recent years, there is a growing demand for nouveau careers within the industry; titles such as revenue managers, asset managers, real estate developers, sustainability managers, event planners, search engine optimization and social media specialists are on the rise. 

·        Climbing up the career ladder from middle management to upper management positions means attaining a job title, namely, a Director, General Manager, Chief Financial Officer, Vice President or even President. These positions require a number of years of work experience. Planning, coordinating, communicating, and directing, controlling and decision making are management skills expected of most middle and senior managers.

So, hospitality sector opens a wide range of job opportunities from graduates to post graduates, from fresher’s to experienced in this perennial industry.

for more information visit travel and tourism institute

 

TOURISM: Indian Scenario

The other attractions include beautiful beaches, forests and wild life and landscapes for eco-tourism; snow, river and mountain peaks for adventure tourism; technological parks and science museums for science tourism; Centers of pilgrimage for spiritual tourism; heritage, trains and hotels for heritage tourism. Yoga, Ayurveda and natural health resorts and hill stations also attract tourists.

The Indian handicrafts particularly, Jewels, carpets, leather goods, ivory and brass work are the main shopping items of foreign tourists. It is estimated through survey that nearly forty per cent of the tourist expenditure on shopping is spent on such items.

Despite the economic slowdown, medical tourism in India is the fastest growing segment of tourism industry, according to the market research report “Booming Medical Tourism in India”. The report adds that India offers a great potential in the medical tourism industry. Factors such as low cost, scale and range of treatments provided in the country add to its attractiveness as a medical tourism destination.

Initiatives to Boost Tourism: Some of the recent initiatives taken by the Government to boost tourism include grant of export house status to the tourism sector and incentives for promoting private investment in the form of Income Tax exemptions, interest subsidy and reduced import duty. The hotel and tourism-related industry has been declared a high priority industry for foreign investment which entails automatic approval of direct investment up to 51 per cent of foreign equity and allowing 100 per cent non-resident Indian investment and simplifying rules regarding the grant of approval to travel agents, tour operators and tourist transport operators.

 Future Prospects: According to the latest Tourism Satellite Accounting (TSA) research, released by the World Travel and Tourism Council (WTTC) and its strategic partner Oxford Economics in March 2009:

•The demand for travel and tourism in India is expected to grow by 8.2 per cent between 2010 and 2019 and will place India at the third position in the world.

•India's travel and tourism sector is expected to be the second largest employer in the world, employing 40,037,000 by 2019.

•Capital investment in India's travel and tourism sector is expected to grow at 8.8 per cent between 2010 and 2019.

•The report forecasts India to get capital investment worth US$ 94.5 billion in the travel and tourism sector in 2019.

•India is projected to become the fifth fastest growing business travel destination from 2010-2019 with an estimated real growth rate of 7.6 per cent.

The major constraint in the development of tourism in India is the non-availability of adequate infrastructure including adequate air seat capacity, accessibility to tourist destinations, accommodation and trained manpower in sufficient number.

Poor visitor experience, particularly, due to inadequate infrastructural facilities, poor hygienic conditions and incidents of touting and harassment of tourists in some places are factors that contribute to poor visitor experience.

for more information visit college for travel and tourism

Travel & Tourism- A Sunrise Sector

The Indian Tourism and Hospitality Industry has emerged as one of the key drivers of growth among the services sector in India. Travel and tourism has become one of the pillars in the growth of GDP of the country. Tourism in India is a potential game changer. It is a sun rise industry, an employment generator, a significant source of foreign exchange for the country and an economic activity that helps local and host communities. Travel & Tourism sector contributes 7% to the Indian GDP & 8% to the total employment of country. India is a tourism product which is unparalleled in its beauty, uniqueness, rich culture and history has been aggressively pursuing the promotion of tourism both internationally as well as in the domestic market.

Indian tourism industry is thriving due to an increase in foreign tourist arrivals and greater number of Indians travelling to domestic destinations than before. In the past few years the real growth has come from the domestic sector as during 2014 India witnessed foreign Tourist Arrivals (FTAs)  of 74.62 lakh compared to 68.48 Lakhs FTA in 2013. India is at 41^st rank in terms of international tourism across the globe.

Travel and tourism sector’s contribution to capital investment is projected to grow at 6.5 per cent per annum during 2013-2023, above the global average of five per cent. The Ministry of Tourism promotes the country’s various tourism products through its tactile campaigns under the Incredible India brand- both for international as well as domestic markets. The budget allocated for the Domestic Promotion & Publicity and Overseas Promotion & Publicity including Marketing Development stood at INR 1.1 billion (USD 17.73 million) and INR 3.5 billion (USD 56.41 million) for the financial year 2013-14.

To quote figures about hospitality industry, 1.30 lakh hotel rooms are needed to cater to the projected 5m tourists this year, while the country today has only 84,000 operational rooms. Overall out of aviation, tourism & hospitality industry, hospitality sector has maximum job opportunities followed by aviation & tourism sector respectively. 

for more information visit travel and tourism institute