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According to the 2023 H1 Travel Salary Index from C&M Travel Recruitment, salaries for new jobs in the travel industry are rising.
The business travel sector enjoyed a 9.23 per cent increase from the first half of last year, with the average new business travel job now coming with a salary of £32,034.
This figure is up by 23.33 per cent from the first six months of 2019.
Across the wider travel industry, the report shows an increase of 12.58 per cent in the first half of this year taking the average wage for a new travel job up to £33,445 – up 20.78 per cent (or £5,755) from the first six months of 2019 (pre-pandemic).
Executive travel roles (those paying £40,000 and above) were responsible for much of the overall increase, with a salary hike of 17.03 per cent in the first half of 2023 compared to the same period last year.
The average figure of £58,737 is up £8,548 from the start of 2022.
The number of new candidates registering for travel jobs between January and June 2023 has also increased by 20 per cent from the same months last year and by 28 per cent from the same period in 2019.
Barbara Kolosinska, director at C&M Travel Recruitment said: “One of the big barriers to attracting talent in the travel industry has always been the comparatively low salaries on offer. Travel’s seen as a fun and enjoyable sector to be in, but would you take a pay cut to work there? Well, thankfully, we’re now seeing a big increase in wages across the whole industry.
“With a 21 per cent rise since before the pandemic and a 12.5 per cent jump in the last year alone, travel salaries are now finally catching up to those in other industries. It’s still very much a candidate-driven market with a lack of experienced applicants, but this big jump in salaries should help to entice quality talent to explore the many excellent career opportunities out there right now.”
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