(PTI): With the country witnessing a boom in the travel and tourism sector, the industry saw a 44 per cent growth in hiring demand in August, compared to the same month last year, a report said on Wednesday. This optimistic growth can be attributed to increased disposable incomes and higher spending on leisure and business travel in the country, a report by foundit (formerly Monster APAC & ME) said.
Pre-pandemic trends indicate that the travel and tourism sector experienced a robust 16 per cent growth in 2019, however, with the pandemic-related disruptions, travel restrictions and lockdowns, there was a 47 per cent fall in job postings in 2020 and 27 per cent dip in 2021.
While the industry began to bounce back with a marginal 3 per cent growth in hiring in 2022, it has dramatically recovered this year, as people regained confidence in travel, the report stated.
Also read: Women workforce rises to 26% in Indian organisations in 2023: Report
The foundit report is based on the data as of August 2023. The report also includes annual data comparisons for the period August 2023, against August 2022.
“The travel and tourism industry has truly bounced back from the pandemic with a boom, driven significantly by the government initiatives focused on infrastructural development and heritage promotion.
“India has also opened its doors by allowing 100 per cent foreign direct investment (FDI) for tourism construction projects, and participation in the G20 summit has further bolstered sustainable tourism in the country,” foundit, a Quess company, CEO Sekhar Garisa said.
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