COLLEGE OF BUSINESS ADMINISTRATION
Introduction to Global Hospitality Industry:
Global Hospitality is a leading executive search firm serving the hotel, restaurant, and hospitalityindustries exclusively. With international offices and a professional staff having well over acentury of accrued experience in the hospitality and recruiting industry, Global providesworldwide, industry-wide reach in finding and recruiting "star" candidates for all key positions.The company has earned an extraordinary reputation for successful recruitment and placement of talented hospitality executives in a broad range of senior-level and management roles in hotels,resorts, spas, clubs, casinos, restaurants, convention facilities, campus/university dining services,food service companies, and other areas of the hospitality industry. The global hospitalityindustry continues to recover and should grow in 2011, with specific hotspots leading the pack.This year, the global hospitality industry should build on the gains made in 2010. Tourismgrowth is especially strong in the BRIC countries (Brazil, Russia, India and China). Still, theindustry remains alert for new government regulations and consolidated accounting standards.Rapid changes in the global economy are sweeping all sectors of business and the hotel industrycannot be immune to it. Demand for hotel rooms, which slumped during the recession period, ison a rebound in line with recovery in economic scenario. Luxury hotels in the US are exhibitinga more resilient recovery compared to other segments of the industry post recession. Though therecovery rate is fast, luxury hotels segment still lags in the revenue-per-room and occupancypercentage. A host of new constructions is expected to come up in near future as hoteliers lineupa pipeline of new hotel developments for addressing rising demand for hotel rooms and services.Healthy hotel services such as wellness & healing programs, as well as customized menus are anemerging trend in the current hospitality industry.
The hotel industry in China is a global frontrunner as the country‘s economy is the fastes
temerging market. In addition, India, a developing global business hub, offers attractiveinvestment propositions for both upscale branded and moderate-tier hotels.