Dilan, if you're still considering this course and your interests are in tourism and hospitality, then I would strongly recommend it.
I'm in my (technical) final year (having fudged a couple of courses -.-), and while certain courses have been a bit fluffy, it's been a good experience overall. The flexibility offered by the degree and the tight-knit alumni networks are both strengths of the program. You'll also come out with a double-major in marketing (taking the same courses as regular marketing kids) and tourism/hospitality management, with the option to undertake a third major out of the list you posted (or potentially a language, pending the School of Business' programs review).
That said, this degree is geared more towards management - so if you enjoy the operations side of tourism and hospitality (e.g. commercial cookery), you will want to consider something like a trade school.
The updated program outline for 2010 is here:
UNSW Handbook Program - Services Marketing - Trsm&Hosp - 3571. Note that the old entry interview has been given the boot - you now only have to submit a written application. Also, as with all BCom programs at UNSW, the dreaded Quantitative Methods A (think HSC 3u Maths) has been knocked off the list of compulsory first-year courses. Bonus!
If you have any specific questions, just post them here and I'll do my best to answer them.