Travel Salaries Jump 5% In 2019, But Activity Dips
Travel Salaries Jump 5% In 2019, But Activity Dips: C&M Travel Recruitment and C&M Executive Recruitment's Travel Salary Index – 2019 Overview
By: C&M Travel Recruitment
C&M Travel Recruitment and C&M Executive Recruitment's Travel Salary Index – 2019
• Travel wages increase at fastest annual rate since 2012
• Senior travel salaries rise for fourth year in a row
• Pay for standard travel jobs only increases marginally
• North-south travel wage gap widens to 21 per cent
• Candidate and vacancy numbers both see annual falls
Travel wages rise again in 2019
Salaries for the average new job in travel increased by 4.99 per cent in 2019 to reach £28,196, according to the 2019 Travel Salary Index from C&M Travel Recruitment and C&M Executive Recruitment which surveyed all new vacancies registered with the companies during the year.
This marks the fifth consecutive year of growth, with travel wages now rising in eight of the past nine years.
There was also a rise in salaries for standard travel jobs (those paying up to £40,000) which increased by 0.62 per cent annually to stand at £24,942 in 2019 and have now increased every year since 2015.
Meanwhile, salaries for senior travel jobs (those paying £40,000 and above) increased for the fourth consecutive year with 5.37 per cent annual growth to reach an average figure of £58,589.
North-south wage gap widens
After narrowing in 2018, the north-south wage gap increased last year with the average travel job in the south paying £28,746 compared to £23,233 in the north, meaning the average travel employee in the south earned 21.21 per cent more than a worker in the north in 2019.
The wage gap stood at 17.23 per cent in 2018, 24.11 per cent in 2017, 21.86 per cent in 2016, 19.19 per cent in 2015, 17.97 per cent in 2014, 20.14 per cent in 2013 and 22.99 per cent in 2012.
Recruitment activity falls
Activity levels fell in the travel recruitment sector with the number of new candidates decreasing by 16 per cent in 2019 after dipping by 14 per cent in 2018. However, last year's total was still up by 2 per cent from 2016. Similarly, vacancy numbers fell by 9 per cent last year after also decreasing by 7 per cent in 2018, although 2019's total was still 4 per cent ahead of 2016's tally.