Travel agencies ramp up hiring as India lays out the red carpet
recruitment efforts, especially for mid-level and senior talent, propelled by the government's push on tourism and a significant boost in the interim budget presented last month. Recruitment firms told ET they are seeing a 30-50% rise in mandates from travel companies, looking to tap continued rise in consumer spending on tourism post the revenge travel boom. Companies are scouting for talent in not just product, engineering, revenue, and supply chain, but also those with specialised skills in AI and automation.
Hospitality and consumer tech companies are emerging as hunting grounds for such talent, which can command compensation packages ranging from ₹70-80 lakhs, reaching up to ₹1-2 crore for CXO appointments.
The travel market in India, estimated at $75 billion in FY20, is projected to reach $125 billion by FY27, according to data from industry body FICCI.
«Expansion in the travel sector picked up last year as companies looked to expand business verticals and new projects, invest in technology to reduce dependency on partners, and strengthen support functions to ensure process efficiencies,» said Anshul Lodha, managing director of Michael Page India.
The recruiter has seen nearly 50% jump in mandates from travel companies, primarily in mid- and some senior-level appointments, Lodha said.
There is a rise in mandates from firms in the travel sector, especially those catering to airlines, vacations, and luxury hotels, said Anuj Roy, managing partner, Fidius Advisory. «With increased spends in these segments,
