The main objective of this study is to identify the factors which contribute to the preference opted by the interns amongst various options for an internship. The two major options available for the interns are Domestic internship and International internship. The study also aims at a comparison between the two choices of the internship. This study further explores the impact of internship on the personality development of the interns. This study also aims to identify the level of satisfaction of the students with their internship experience, the stakeholder that has the most influence over student’s overall satisfaction. A structured survey questionnaire was used to collect data from Hotel management students in different colleges of Hotel Management & Catering Technology, Pune. The data was analyzed and presented with the help of pie charts and bar diagrams. The findings were based on Internship planning, the factors contributing towards the selection of preferences between Domestic and International Internship, and the impact of internship on interns. However, the respondents perceived internship program planning as the most important factor in their internship. This shows that institutes play an important role in the internship experience of the students. The findings also showed that majority of the respondents were highly satisfied with their internship experience as it contributed positively towards the development of their personality.