The global travel and tourism industry experienced a 28% drop in new job postings related to corporate governance in Q2 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 14% increase versus Q2 2022. Corporate Governance is a growing trend that is affecting all industries, including the Travel & Tourism industry. GlobalData’s ESG (Environmental, Social, and Governance) in Travel and Tourism – Thematic Research report details the main trends, industry analysis, M&A activity and case studies in the market. Buy the report here.
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Notably, Management Occupations jobs accounted for a 16% share of the global travel and tourism industry’s corporate governance-related total new job postings in Q2 2023, down 39% over the prior quarter.
Management Occupations drive corporate governance-related hiring activity
Management Occupations, with a share of 16%, emerged as the top corporate governance-related job roles within the travel and tourism industry in Q2 2023, with new job postings drop by 39% quarter-on-quarter. Office and Administrative Support Occupations came in second with a share of 12% in Q2 2023, with new job postings dropping by 19% over the previous quarter.
The other prominent corporate governance roles include Installation, Maintenance, and Repair Occupations with an 8% share in Q2 2023, Food Preparation and Serving Related Occupations with a 7% share of new job postings.
Top five companies in travel and tourism industry accounted for 47% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q2 2023 were Hilton Grand Vacations, American Airlines Group, Hilton Worldwide, Shangri-La Asia, and Marriott International. Together they accounted for a combined share of 47% of all corporate governance-related new jobs in the travel and tourism industry.
Hilton Grand Vacations posted 714 corporate governance-related new jobs in Q2 2023, American Airlines Group 346 jobs, Hilton Worldwide 333 jobs, Shangri-La Asia 248 jobs, and Marriott International 170 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 68.97% share of total new job postings, Q2 2023
The largest share of corporate governance-related new job postings in the travel and tourism industry in Q2 2023 was in the US with 68.97% followed by Canada (3.72%) and India (2.76%). The share represented by the US was eight percentage points higher than the 61.23% share it accounted for in Q1 2023.
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GlobalData’s Jobs Analytics uses machine learning to uncover key insights from tracking daily job postings for thousands of companies globally. Proprietary analysis is used to group jobs into key thematic areas and granular sectors across the world’s largest industries. classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
