To become a hotel analyst, one must complete a college degree in accounting, finance, mathematics, or a related topic. Employers may require prior experience in the hospitality industry. Analysts are employed by travel companies, industry associations, and investment firms to review sales records, occupancy rates, and general industry data. Some analysts gain experience through internships and may be offered permanent jobs upon graduation.
A hotel analyst studies information and compiles reports related to various aspects of the hotel industry. Someone who wants to become a hotel analyst must complete a college degree. In addition, many employers require analysts to have some prior experience in the hospitality industry, with the result that many analysts begin their careers as hotel salespeople or managers.
To become a hotel analyst, an individual typically must complete a college degree in accounting, finance, mathematics, or a related topic. Some employers prefer analysts to complete postgraduate courses specifically focused on leisure and travel industry analysis. In addition to analysis, some people also complete degree courses in hotel or tourism management. People who complete both types of degree programs can analyze statistical data and understand the mechanics of the industry.
Analysts are employed by travel companies, industry associations and investment firms. Travel company employees are typically tasked with reviewing sales records and occupancy rates for hotels that are operated by the company they work for. These individuals must identify sales trends and try to make predictions about future occupancy rates. Major travel companies often review analyst reports before making decisions about building or renovating existing hotels. Many companies require internal analysts to start working as hotel managers in order to become familiar with the company before allowing these people to transition into analyst roles.
Industry associations employ analysts who are tasked with reviewing and studying general industry data. These associations relay the findings of these reports to travel companies and even lobby politicians to pass laws and legislation that will help the industry generate increasing levels of revenue. Those wishing to become hotel analysts employed by an industry association often have to spend some time working in a hotel. Some associations employ junior analysts in entry-level positions and these individuals assist senior analysts. While some junior analysts are promoted to senior positions, internal candidates, like external candidates, are typically required to complete higher education in mathematics or a related topic.
Investment firms employ analysts to make predictions about the future movements of securities issued by hotel operators. In many countries, securities analysts must pass licensing exams before they can publish reports on the securities industry. Therefore, someone who wants to become a hotel investment analyst must complete a college degree and successfully pass a regional or national licensing exam.
Before getting a full-time job, some analysts gain experience as interns. Many companies offer summer internships for college students, during which these students can shadow experienced analysts and learn how to evaluate hospitality industry data. Students who impress during internships are sometimes given permanent analyst jobs when they graduate from college.
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