Everything you need to know about hospitality management!
Hospitality management is the key indicator of tourism in any country! From a sector as varied as the foods served at its establishments' tables to management which denotes initiative and accountability. This industry's guiding principle is a mindset focused on the customer.
In this article we'll walk you through what hospitality management entails, how to pursue a professional career in it, and how much you can actually make from this profession!
What is hospitality management?
Hospitality management is a huge industry that involves the daily administrative, operational, and commercial activities of companies in the hospitality industry.
The term "hospitality management" is an umbrella term that encompasses a variety of industries, including food and beverage, travel and lodging, and event management, as opposed to the more narrowly focused "hotel management." A hospitality manager oversees a variety of departments, including maintenance, housekeeping, spa services, concierge, reception, and many more.
Depending on the environment in which they work, hospitality managers have different responsibilities. These can primarily consist of the following:
- Budgeting and Accounting
- Hiring, educating, and supervising employees
- Helping with daily activities
- Enhancing corporate performance
- Taking customer inquiries and complaints
- Compliance with health and safety regulations
Why some of the entrepreneurs and business people study hospitality management?
Entrepreneurs often start out with taking in hospitality management courses. The dual education model, which combines theoretical and practical education in this field provides aspiring business owners with a unique chance to develop critical hard and soft skills.
These courses include topics like hospitality operations, tourism laws, strategic hotel industry management, and service management. The minimum educational requirement for a career in hospitality management is an associate's or bachelor's degree.
How do you know that hospitality management is right for you?
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The answer to this question pretty simple knowing the skills required for this profession. Individuals who are skilled at managing multiple tasks at once and coordinating between various groups are best suited for hospitality management.
Since managers frequently work with people of various nationalities, religions, and backgrounds, they typically need to be patient and professional in all circumstances; therefore, keeping an objective attitude is essential to the job.
Adding to that, people who enjoy going above and beyond for the satisfaction of those in their care are also a good fit for this career. A degree in this field will also enable you to build on your strengths and contribute significantly to the hospitality industry if you have a knack for organization and the ability to get along with others.
What is the future prospect for this field?
Future prospects for those who pursue a career in hospitality management are very promising. It’s estimated by the U.S. Bureau of Labor Statistics projects that employment of hospitality managers that it’ll increase by 9% over the next ten years. Based on this source the estimated percentage will be more or less similar in Egypt!
There are expected to be more than 5,800 job openings per year. As technology frees up more time, tourism and leisure destinations are anticipated to experience steady growth in the future, especially after the impact of Covid-19 decreased.
Top hospitality management companies in Egypt
If you're seeking a profession in this field you may as well know that Egypt holds some of the best hospitality companies in the region! As you know, tourism and hospitality is a very important industry in Egypt as they have a huge monetary impact.
Tayf investment management company
We’re a multi purpose business with 3 main models, which are commercial real estate, franchise investments, and concept development.
Our purpose is to bring a new perspective in the investment management market that is not available in the Egyptian market! Not only are we transforming and redefining what “Investment Management” means, we also come with over 25 years of experience in the market and insights from different geographical areas. We are here to create lifelong investments that adds value to all our clients.
You can approach us in consulting in your career in hospitality management. As well as, we can help you in pitching for hotel franchises to bring in Egypt!
Check out our social media accounts: Instagram, Facebook, LinkedIn.
Aurora hospitality management
Aurora is an Egyptian hospitality management company, its purpose is to increase the number of custom hotels and resorts it manages throughout the MENA region. They provide excellent hospitality services, encapsulating attention to detail, and they have a team strategy which creates a brand loyalty and provides memorable experiences to their guests.
Orascom hotels and development
Orascom is a leading developer of fully integrated destinations, including hotels, residences, and recreational facilities like golf courses, marinas, and supporting infrastructure. Egypt, the United Arab Emirates (UAE), Oman, Morocco, Montenegro, Switzerland, and the United Kingdom are among the world-class locations that ODH operates in. The company manages approximately 101.4 million square metres of land and runs 33 hotels with 7,198 rooms in total.
Xotels
Xotels is a reputable international hotel management company with a focus on independent, boutique, and lifestyle hotels, they oversee a broad range of top-performing hotels in both major international markets and local markets, including trendy boutique or design hotels, contemporary budget hotels, cutting-edge hotel concepts, beach or spa resorts, and large-scale luxury hotel chains.
FMPlus+ Property & Facility Management
For residential, commercial, corporate, and industrial properties, FMPlus+ is a part of a group of companies called “Alexmar, Mask Int., Concrete Plus, T&D Designs Group & T&D Kitchens & Laundry Equipment”, it specializes in offering property and total facility management solutions. They offer infrastructure management solutions to all different kinds of businesses.
In the early stages, they offer usability and sustainability consulting to make sure every project operates effectively and efficiently.
After the project is finished, FMPlus+ assumes full operational management of the project and serves as a point of contact for their clients, providing a wide range of services including janitorial, exterior cleaning, security, Mechanical, Electrical & Plumping maintenance (MEP), pest control, landscaping, front office management, waste management, and health and safety management.
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