Travel Salary Index - August 2018
Travel Vacancies Slow In Summer But London Salaries Soar
C&M Travel Recruitment and C&M Executive Recruitment’s
- Salaries fall back in August but remain up year-on-year
- London travel wages break through £30,000 barrier for first time
- Late summer holidays hit vacancy and candidate numbers
Salaries ease in August
A summer slowdown hit the travel recruitment market in August with salaries falling by nearly four per cent from the previous month, according to the latest Travel Salary Index from C&M Travel Recruitment and C&M Executive Recruitment which surveyed all new vacancies registered with the companies during the month.
The average new travel job now comes with a wage of £26,597 which was down 3.63 per cent from July but remained up by 0.95 per cent from last August. Average salaries also remained up by a healthy 3.26 per cent in the rolling 12 month average.
It was a much more positive month for wages in the capital with the average new travel job in London now paying more than £30,000 for the first time. With a figure of £30,508, average salaries have risen to top the previous high of £29,939 which was set in April 2016.
It was also a memorable month for travel wages in the north of the UK which reached their highest level since October 2012 after a 0.78 per cent monthly rise to hit £24,075, however a lack of higher paid executive placements led to the overall fall in average salaries.
Slow month for vacancies
The late summer holiday period had a clear impact on the recruitment market last month with the number of new travel jobs falling by 15 per cent from July and a troubling 27 per cent from August 2017. The outlook was slightly better for candidates, with a 2 per cent increase in registrations from July 2018 although the total remained down compared to the same month last year.
Speaking about the stats, Barbara Kolosinska, Director at C&M Travel Recruitment and C&M Executive Recruitment, said: “While salaries have been well above average for the last few months, it has been a quiet summer for new vacancies and candidates. Now that kids are back at school, we fully expect activity levels to rebound healthily, but we will be watching closely to see if they can match last year’s very busy autumn period.”
All figures are drawn from the salaries of the month’s 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 / email@example.com) or Barbara Kolosinska (Director - 07507 602 069 / firstname.lastname@example.org).