National, 20 December, 2023: TeamLease Services, India’s leading staffing conglomerate revolutionizing employment, employability, and ease of doing business, has released their latest ‘TeamLease Employment Outlook Report’ for the second half of the fiscal year 2024 (October 2023 to March 2024), focusing on the robust trends within the Travel & Hospitality sector.
The travel and hospitality sector shines in the midst of the challenging circumstances of H2 FY24, with robust growth in important hiring categories. A strong 68% Incremental Workforce Expansion in the second half of the fiscal year points to a promising trend for the sector.
The city-wise analysis of the travel and hospitality industry shows a clear picture of growth and deliberate hiring distribution. Mumbai stands at the top of the list with an astounding 13.3% Incremental Workforce Expansion, underscoring its crucial role as an industry growth hub. Other major cities like Ahmedabad and Chandigarh, each contributing considerably with 11.1%, complement the metropolitan dominance and demonstrate a well-distributed approach to talent replacement.
Examining the demand for particular roles in the sector, Human Resources (HR) leads the industry, demonstrating the importance of developing a strong and competent staff. IT, Engineering, Office Services, and blue-collar professions contribute significantly to the industry’s growth. These recruiting preferences highlight the Travel and hospitality industry’s dedication to fostering hiring while strengthening and streamlining critical operations to ensure long-term success.
TeamLease Services continues to play a pivotal role in reshaping the employment landscape in India, empowering both employers and job seekers alike. This report underscores the company’s commitment to providing actionable insights for strategic decision-making in a rapidly evolving employment environment.