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.
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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