India is one of the fastest-growing travel and tourism markets in the world. The Indian tourism economy has been deemed as the second-most rapidly increasing (8.8%) tourism economy in the world, by World Travel and Tourism. The country was ranked as the 11th most attractive tourist destination in the Asia-Pacific region by the World Economic Forum in 2019. The number of tourists arriving in the country grew from 466.8 million in 2010 to 710.6 million in 2019, at a compound annual growth rate (CAGR) of 11.03 per cent. The increase in the number of tourists can be attributed to factors such as India’s robust economic growth and government initiatives. The industry is expected to add 50,000 hotel rooms over the next couple of years, two-thirds of which would be rooms meant for budget hotels.
Several international players like have entered the market, thus marking a landmark change in what otherwise is a highly fragmented sector with unorganized players. In addition to forming alliances with local hotel chains or real estate players, international players have started using the inorganic route to strengthen their presence in the country.
The high growth potential in the sector, makes it a highly sought after sector by professionals. Despite the availability of skilled professionals in the industry, entry of new players disturbs the demand supply equilibrium, and companies are often seen struggling in recruiting and retaining talent owing to multiple opportunities available in the market.
The market is highly competitive and industry players need senior and middle level talent to successfully lead companies. The presence of right leaders is crucial to all stakeholders.
HOW YUGROUP SUPPORTS
We help clients with the recruitment as well as development of talent and people management practices. We have a proven track record in identifying top and middle management candidates for many travel companies. To meet these sector requirements, Yugroup has a specialised team of industry experts who focus on the manpower requirements of this sector India and the Asia Pacific region. We have the required experience as well as network to assist clients in getting the right candidates.
With our experience, expertise and networking in this industry, we are capable of providing our clients a fast, effective and responsive solution to their recruitment needs. We have established a reputation for providing high calibre contract and permanent personnel in power and associated disciplines.
Our network of executive search consultants have successfully completed search and recruiting assignments from the staff level all the way through the executive ranks., following are some of them: