Travel Salary Index - 2018 H1 Overview
Strong Travel Wage Growth In First Half Of 2018
C&M Travel Recruitment and C&M Executive Recruitment’s
- C&M’s half yearly survey reveals travel wages rising strongly in first half of 2018
- Wages increase in both south and north
- Candidate numbers reach new all-time high
- Number of travel jobs dips but remains historically high
Healthy increase for salaries
Average salaries in the travel industry have risen by 3.71 per cent (or almost £950) in the first six months of 2018 compared to the same period last year, according to the 2018 H1 Travel Salary Index from C&M Travel Recruitment and C&M Executive Recruitment, which looked at all new roles registered at the companies during the first half of the year.
Over the period, average wages for new travel jobs have risen to £26,460, while there was an even healthier rise for standard travel roles (those paying up to £40,000) which recorded a 5.93 per cent increase to stand at £24,451.
The positive findings were replicated across the country with a 4.01 per cent salary increase in the north of the UK and a 3.34 per cent rise in the south, leading average wages in the areas to stand at £22,856 and £28,279, respectively.
The increases have caused the number of entry-level placements (those paying up to £22,000) to fall by 14 per cent in the past year, while the number of mid-level placements (those paying between £22,001 and £29,999) has risen by 56 per cent from 2017. Entry-level roles now account for 38 per cent of all placements, compared to 51 per cent last year.
New high for candidates
The first six months of 2018 was an extremely buoyant frame for registrations, with more new candidates than in any other January to June period in the index’s history. The total topped last year’s previous high by 1 per cent, while also increasing by 33 per cent from 2016, 24 per cent from 2015, 35 per cent from 2014, 5 per cent from 2013 and 21 per cent from 2012.
It was also a historically busy time for new travel jobs despite the total falling by 7 per cent from the record showing in the first half of 2017. In total, the number of travel jobs created between January and June 2018 rose by 19 per cent from 2016, was level with 2015 and increased by 9 per cent from 2014, 14 per cent from 2013 and 12 per cent from 2012.
Speaking about the stats, Barbara Kolosinska, Director at C&M Travel Recruitment and C&M Executive Recruitment said: “Travel salaries have risen across the country in the first half of 2018 in what has been a very positive six months for the industry. It’s especially encouraging to see the consistency of the increases across different locations, with wages rising by between 3 and 4 per cent in both the north and south of the UK.
“We’ve also seen a record-breaking number of candidates registering their interest in finding a new job in travel during the timeframe. However, it remains a candidate driven market, with many fantastic opportunities available to quality applicants.”
All figures are drawn from the salaries of the new vacancies advertised with C&M Travel Recruitment and C&M Executive Recruitment.
C&M Travel Recruitment was established in 1998 and is the largest and most successful specialist travel recruitment company in the UK.
For further information please contact: Owen Mckeon (Content Manager - 0161 238 4497 / firstname.lastname@example.org) or Barbara Kolosinska (Director - 07507 602 069 / email@example.com).