66% of travel and hospitality companies planning to expand their workforce: TeamLease report
TeamLease Services' Employment Outlook Report for HY2 (October-March) financial year 2024-25 reveals strong growth in the travel and hospitality sector, with 66% of surveyed companies planning to expand their workforce.
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The company said the report also projects a Net Employment Change (NEC) of 8.2% during this period, reflecting the sector's momentum in job creation.
The travel and hospitality sector’s growth is being fueled by the adoption of smart tourism technologies, a revival of MICE (Meetings, Incentives, Conferences, and Exhibitions) activities, and a heightened focus on sustainable tourism practices, as per TeamLease.
These factors are reshaping the industry landscape, creating new employment opportunities, and driving demand for skilled professionals in areas such as sustainability coordination, smart travel experience design, and contactless technology deployment.
TeamLease said the growth reflects the broader economic significance of India’s travel and tourism industry, which contributed 9% to the country’s GDP in 2024, amounting to over $ 11 trillion, a 12% increase compared to the previous year.
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