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MBA Hospitality Management

MBA in Hospitality ManagementHospitality is a fast growing service industry, which includes lodging, restaurants, events, theme parks, transport, cruises, and tourism. The industry is the world's second largest, ranking only behind the international oil industry in terms of annual turnover.

According to the World Travel and Tourism Council, Travel & Tourism accounted for 9% of the world's GDP at $6 trillion. Future prospects are also good, with the industry expected to grow at 4% annually to touch $10 trillion in the next 10 years. The sector is also the world's largest employer, with 255 million people. In 2011 alone, 1.2 million new jobs were generated. After 20 years, or by 2022, the sector is expected to employ 10% of the global workforce, with 328 million jobs.

The attractiveness of this sector can be judged on the fact that $743 billion was invested in Travel & Tourism in 2011, a figure that is expected to go up to 1.3 trillion by 2022. Of the revenues generated in 2011, 76% is for leisure purposes, while 24% came about due to business related reasons. Also, 70.5% of the spending came from domestic sources, while international travelers contributed to 29.5% of the spend. With regard to the hotel industry,...

MBA in Hospitality ManagementIf you have missed our MBA Research Guide, you can download it from here. For first part of the series, click here

2) Michigan State Broad - MBA with concentration in Hospitality Management

Michigan State University's Broad College of Business has a 21-month MBA program that offers a secondary concentration in Hospitality Business. The concentration can be taken in addition to the 4 primary concentrations - Finance, Human Resource Management, Marketing and Supply Chain Management. The hospitality concentration is offered by Michigan State University's The School of Hospitality Business, which pioneered specialty hospitality courses in 1927.

The core curriculum includes subjects that cover the areas of Accounting, Business Presentations, Data Analysis, Finance, Leadership & Teamwork, Management, Marketing and Supply Chain Management. Students...

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