Travel Salary Index – March 2013
9th April 2013
STRONG START TO 2013 CONTINUES DESPITE MODEST MONTHLY DIP
C&M Travel Recruitment and C&M Executive Recruitment's
Travel Salary Index - March 2013.
- Average travel salaries decreased by 1.93 per cent in March...
- ...But increased by 1.35 per cent in the past year
- The three-month average salary was up by 3.30 per cent
- Travel workers saw salaries increase strongly in 2012 - up by 5.12 per cent
- The number of new travel vacancies increased by 11.54 per cent last year
Travel salaries down slightly in March...
The average salary for a new job in the travel sector decreased by 1.93 per cent to reach £26,785 in March, but still increased annually by 1.35 per cent, according to the latest research from C&M Travel Recruitment and C&M Executive Recruitment, which deals exclusively with senior appointments above £40,000.
While this is the first monthly fall of the year so far, salaries for new jobs registered at the companies have increased strongly since last December, meaning that average wages are still significantly up compared to just a few months ago. In fact, the three-month salary average (a more reliable indicator of recent trends) shows that salaries have increased by 3.30 per cent in recent months and by 4.87 per cent since last March.
Barbara Kolosinska, sales director at C&M Travel Recruitment, commented: "So far this year we have seen average salaries increase strongly compared to the second half of last year and these figures should provide a boost to those looking to find a new travel role. It remains to be seen if this pace of growth will continue in the coming months, but there are small signs of increasing confidence among employers."
...But increased strongly in 2012
The figures also reveal that the average salary for a new job in the travel industry increased by an average of 5.12 per cent last year to reach £24,425. Although this was lower than 2011's annual increase of 9.77 per cent, it is still above the rate of inflation and notably higher than the 0.2 per cent average increase reported by the Office for National Statistics.
Considering March 2013's average wage was £26,785, this confirms that the salaries of new jobs advertised with C&M Travel Recruitment and C&M Executive Recruitment at the beginning of this year have been significantly higher than those for equivalent positions made available at the end of 2012.
"Considering the problems facing the travel industry and the general economy in 2012, it is interesting to see that average new salaries actually increased very positively in the travel sector last year. At C&M we also saw an 11.54 per cent increase in new travel vacancies in 2012, which further backs up the theory that the industry is set to see a positive 2013," Ms Kolosinska added.
All figures are drawn from the salaries of the month's new vacancies advertised with C&M Travel Recruitment and C&M Executive Recruitment.
For further information please contact: Owen Mckeon (content manager - 0161 871 0396 / firstname.lastname@example.org) or Barbara Kolosinska (sales director - 07507 602 069 / email@example.com).