Travel and tourism industry’s hiring demand up 44% YoY in August: Report
The Indian tourism sector has experienced a 44 per cent year-on-year (YoY) increase in talent demand in August 2023. This growth is attributed to rising disposable incomes and increased spending on leisure and business travel in the country. These findings were released in a report by foundit (formerly Monster APAC & ME), which covered recruitment trends in India’s travel & tourism industry from August 2022 to August 2023.
Ahead of the pandemic, the travel & tourism sector had shown robust growth of 16 per cent growth in 2019. However, the industry faced significant challenges during the lockdown and travel restrictions, resulting in a 47 per cent decline in job postings in 2020 and a further 27 per cent decrease in 2021. The industry took one of the largest hits during this period.