Abstract
In this article, we describe the past accomplishments in hospitality and tourism education greatly led by the International Council on Hotel, Restaurant, and Institutional Education, including the establishment of a standardized, quality curriculum for practitioners, and impactful research outlets for hospitality and tourism scholars. Then, we highlight the emerging concepts of sharing economy and subscription economy and how these two are shaping the future business models. Some companies are provided as examples to clarify the concepts. Last, we ask a series of questions if our hospitality and tourism students are prepared to thrive in the fast-changing business environments. If not, what changes are needed in the current curriculum? What kind of skill sets is essential in the future? Is there any specialized course worth consideration? We urge our educators to work together to produce valuable solutions for our students and industry just like the International Council on Hotel, Restaurant, and Institutional Education founders did 75 years ago.
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