This article is sponsored by EMLYON Business School.
According to the WTTC Economic Impact Report 2014, the travel and tourism sector is the world’s largest employer, making up 8.9% of total global employment in 2013 – 1 in 11 of all jobs worldwide. By 2024, it is predicted that an additional 81 million jobs will be created (10.2% of total employment), thanks to the tourist population expected to double in the next 20 years, reflecting the increase in the middle class population and boosted particularly by growth in South East Asia.
So which skills will the next generation of hospitality leaders need to navigate the global hospitality industry of the future? What career opportunities exist in this dynamic, expansive international sector? And how could the MSc in International Hospitality Management from EMLYON and Institut Paul Bocuse prepare you for your dream career in hospitality?
Understand the millennial consumer
Millennials will become the core customer in the travel and hospitality sector, a generation which will be within its peak earnings within the next 10 years. These savvy consumers who have grown up with connected devices and social media expect a fast booking process and an even faster response to their needs. With access to more information online, customers are able to ‘unbundle’ the travel experience, with their decision-making process often based directly on online reputation and social media.
This represents key opportunities as well as challenges for hospitality organizations. Future managers of the hospitality industry will need a strong understanding of changing consumer needs and the ability to adapt their business in order to constantly delight the new millennial generation, keeping them visiting, staying longer and spending more in the hospitality sector. The MSc in International Hospitality Management equips you with a broad, strategic view of hospitality management, teaching you how to create, manage and maintain the customer experience that is key to success in this industry. A focus on innovation throughout the program will also provide you with the skills to identify new opportunities for diverse consumer groups and how to create tangible value.
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