New Delhi, Oct 12 (UNI) With rapid expansion taking place in hospitality industry for Commonwealth Games, attrition rate in this sector is set to double by 50 per cent from current 25 per cent over the next three years.
The Commonwealth Games alone will create job opportunities for nearly 50,000 skilled professionals as about 70 hotels are likely to be commissioned by 2010, assuming that each hotel will need about 600 regular workforce, ASSOCHAM said.
''This huge requirement will but push up attrition rate in hotel industry, as it will create greener pasture for those experienced employees, currently engaged in established business houses in the hospitality sector,''ASSOCHAM President Venugopal N Dhoot said.
On top of it almost every established hotelier has chalked out their expansion strategies for overseas venture in the area of their core competence in countries like Dubai, Saudi Arabia, Bahrain, Iran, Oman and European Nations of UK, Germany, Italy and many more, including Australia and New Zealand, Mr Dhoot added.
They all prefer Indian managers because of their high educational level, quality of education standards followed by hospitality management schools of India and the experience which they gain by working in Indian.
Further, opportunities are also arising in hospitality industry as worldwide huge diversification drive is intensifying which will generate larger employment opportunities for Indian hotel staff in view of cost factor which in case of India gives an edge as most of its workforce is accustomed to work for longer. This is another factor for enhancement in attrition rate, according to ASSOCHAM.