Salaries for new jobs in the travel industry are continuing to rise, but the number of vacancies is falling, according to C&M Travel Recruitment.
C&M’s 2023 half-year overview reveals the average wage for a new travel job is now £33,445 up an average of almost 13% in the first half of the year.
That’s 20% or £5,755, higher from the first six months of 2019.
Executive travel roles (those paying £40,000 and above) were responsible for much of the overall increase, with salary increases of 17% in the first half of 2023 compared to the same period last year.
The average executive salary of £58,737 is up £8,548 from the start of 2022.
The average salary for ‘standard travel jobs’ – those paying below £40,000 – is now £29,290, an increase of £1,655 from the start of 2022 and up by £4,473 from the start of 2019.
The average new business travel salary is now £32,034, up 23% on the same period during 2019 and up 9% on the first half of last year.
However, recruitment activity in the travel industry fell back in the first six months of this year, with vacancies down by 35% from 2022 and down by 16% from the start of 2019.
In contrast, the number of new candidates registering for travel jobs between January and June 2023 increased by 20% from the same months last year and by 28% from the same period in 2019.
C&M Director Barbara Kolosinska said: “One of the big barriers to attracting talent in the travel industry has always been the comparatively low salaries on offer.
“Travel’s seen as a fun and enjoyable sector to be in, but would you take a pay cut to work there? Well, thankfully, we’re now seeing a big increase in wages across the whole industry.
“Travel salaries are now finally catching up to those in other industries.
“It’s still very much a candidate-driven market with a lack of experienced applicants, but this big jump in salaries should help to entice quality talent to explore the many excellent career opportunities out there right now.”
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C&M’s 2023 half-year overview reveals the average wage for a new travel job is now £33,445 up an average of almost 13% in the first half of the year.
That’s 20% or £5,755, higher from the first six months of 2019.
Executive travel roles (those paying £40,000 and above) were responsible for much of the overall increase, with salary increases of 17% in the first half of 2023 compared to the same period last year.
The average executive salary of £58,737 is up £8,548 from the start of 2022.
The average salary for ‘standard travel jobs’ – those paying below £40,000 – is now £29,290, an increase of £1,655 from the start of 2022 and up by £4,473 from the start of 2019.
The average new business travel salary is now £32,034, up 23% on the same period during 2019 and up 9% on the first half of last year.
However, recruitment activity in the travel industry fell back in the first six months of this year, with vacancies down by 35% from 2022 and down by 16% from the start of 2019.
In contrast, the number of new candidates registering for travel jobs between January and June 2023 increased by 20% from the same months last year and by 28% from the same period in 2019.
C&M Director Barbara Kolosinska said: “One of the big barriers to attracting talent in the travel industry has always been the comparatively low salaries on offer.
“Travel’s seen as a fun and enjoyable sector to be in, but would you take a pay cut to work there? Well, thankfully, we’re now seeing a big increase in wages across the whole industry.
“Travel salaries are now finally catching up to those in other industries.
“It’s still very much a candidate-driven market with a lack of experienced applicants, but this big jump in salaries should help to entice quality talent to explore the many excellent career opportunities out there right now.”
The post Travel salaries rise but job market starts to slow down appeared first on Travel Gossip.
Continue reading...
