It really depends what areas of tourism and hospitality you intend to get into. If you want to work in say a travel agent, its better to go to tafe and do atleast a certificate 2 or higher. If you want to work as a planner, marketer, etc those government jobs its best to go to uni. Don't know much about hospitality though.
UWS, UTS, UNSW and CSU all had tourism courses when I applied for uni, I know UWS has hospitality management, dunno about other unis. Each have a different area of study. The course I do combines both tourism and environmental management, its sort of like eco-tourism. Which none of the other major city unis offer.