India's tourism sector witnesses impressive comeback! 44% annual jump in hiring in August this year: Report
(Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) While the travel and tourism sector began to bounce back with a marginal 3% hiring upswing in 2022, it dramatically recovered this year. According to foundit, "The optimistic growth can be attributed to increased disposable incomes and higher spending on leisure and business travel in the country".
“The Travel & Tourism industry has truly bounced back from the pandemic with a boom, driven significantly by Government initiatives focused on infrastructural development and heritage promotion. India has also opened its doors by allowing 100% FDI for tourism construction projects and participation in the G20 summit has further bolstered sustainable tourism in the country," Sekhar Garisa, CEO of foundit, a Quess company said. As per the city-specific hiring trends in the travel and tourism sector on a year-on-year basis, Jaipur (34%), Ahmedabad (33%), and Chandigarh (33%) reported a maximum rise in job postings followed by Vadodara (25%) and Coimbatore (25%) in August 2023 vs August 2022, the report mentioned.
Among the tier-1 cities, Delhi (34%) saw a maximum increase in job postings followed by Kolkata (21%), Chennai (19%), Hyderabad (8%), and Mumbai (5%), respectively. As of August 2023, 49% of the online vacancies for jobs in travel and tourism came for freshers/entry-level talent (0-3 years of experience). The demand for Intermediate level (4-6 years) and Top Management (15+ years) both accounted for a 14% share of the overall demand, respectively.
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