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As everybody knows the importance of innovation as it is the key driver of sustained success, and this has been well documented in many of the marketing and hospitality literature. So what are the Innovations that are happening in the Hotel andrestaurant industry. Share your thoughts on this.
Posted by: Shailena Varma
Activity: 50 referals , 10 comments, 1664 views
After ITeS, the retail sector is touted to be the next biggest job spinner in the country. Till now, retail jobs in India have been looked at as low-paying and meant for plain graduates. But with organised retailing in the country poised to assume gigantic proportions, the sector will spawn a vast number of jobs across the spectrum, according to a recent study by Pricewaterhouse Coopers. The study said retail sales accounted for 10% of the GDP in '04, with a market size of $207bn, and the sector is expected to grow at 15.6% with the potential of creating over 2m new (direct) jobs within the next five years. Currently, the share of the organised sector is $6bn, constituting 3% of the total market size. "With the boom in the retailing sector, the HR scenario is also slowly evolving. There is now a desire in freshers as well as experienced professionals in affiliated industries (FMCG, hospitality and other service sectors) to look at retail industry with potential of offering...
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