Hospitality is a large and growing global industry. The World Tourism Organization of the United Nations has declared that the amount of the tourist industry is as big or bigger than other major industries, including food, exports of oil and cars. In addition, HVS London published a report in 2013 that stated that the value of a common European hotel room was about $ 315,000 per year, rising to about $ 865,000 in the most popular places like Paris. In addition, expected industry events to grow to phenomenal levels, with an approximate value of $ 75 billion in the UK, according to HVS London. It is impressive and shows how different the hospitality industry really is. This type of diversity requires specialized knowledge, and it is what a person with an MBA in Hospitality Management can offer.
What we do
hospitality management is much more than making profits and make customers happy, although these are important elements. Someone with an MBA in Hotel Management is an innovative and strategic thinker who come up with ideas outside of the box to meet the demands of a global market. What separates people with an MBA, except for those with a bachelor’s degree is going to go far beyond the working methods, working instead on research and strategies.
Why it’s hot
According to experts, significant changes almost continuously occur in this sector. As a result, there is always an urgent need for experts who understand the major components of hospitality, including development, environment and marketing, and how this applies to both international and local companies.
One of the reasons why the industry is so hot today, is because the ratio of entertainment and environmental management. Tourism is linked to various environmental issues such as climate change, environmental impact and sustainability. A person with an MBA is fully qualified to ensure that the negative effects of tourism on the environment is as small as possible.
Furthermore, there is significant growth in identifying new technologies in hospitality marketing. tourism marketing has entered the online world, and even mobile, which means that there is a high demand for those who understand the audience and platforms as well as new trends and developments in the world of technology and communication line.
According to the US Office of Labor Statistics (BLS), there are many career opportunities within the industry as well. People with bachelor’s degrees are experiencing lower than average wages and even a decline in demand. Individuals with an MBA, but stand out from the crowd with higher than average salaries of up to approximately $ 90,000 and rising demand.
work environment
The work environment for a person with an MBA in Hospitality Management can be quite varied. Naturally, many will be employed in hotels or other tourist attractions, destinations and products. But while these may be the most obvious choice, which is certainly not alone. Many of them work in research, policy advice or counseling and can do these jobs everywhere from small independent companies large international conglomerates or even government agencies. While a lot of work will take place behind a desk, there is also a lot of work to do on foot, attending events, checkpoints and talk to people.
how to do it
To obtain an MBA in Hotel Management, you must first complete a degree. Most people will choose a bachelor’s degree in hospitality, but several other large may also be relevant, including business, economics, psychology and more. Acceptance of MBA programs are highly competitive, and most schools will require you to do well on the GMAT exam. It is recommended to adequately prepare for this before you start the recording process, and it applies to a variety of universities to increase their chances of being accepted for one of them.
One of the campus academic programs, you may want to consider the option, University of Northern Arizona, The WA Franke College of Business, Master of Business Administration, Hospitality Focus – This program is a hybrid program that allows students to study and work at the same time. It takes 24 months to complete with limited residence. The complete program is 45 credit hours spread over six terms. Each term begins with a (not more than one week) short stay in Arizona.
MBA in Hospitality Management Online
Get an online MBA in Hospitality Management offers professional today, with the convenience and access to a better professional future they need without having to put their careers on hold. The ability to learn in line with some of the best business schools and programs allows students to specialize in hotel management and hospitality, so they can get specialized training for a race that will be very successful at the highest level executive and management jobs including business ownership, attitudes CEO, and much more.
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