India's Travel & Tourism Boom: Projections Show 58 Million New Jobs by 2033

namit singh sengar namit singh sengar | 05-06 00:10

Fuelled by India becoming one of the world’s top travel destinations, the travel & tourism ecosystem in India has registered remarkable growth post the pandemic. Serving as a crucial source of foreign exchange, travel, and tourism contributed Rs.15.9 trillion (US$ 191.25 billion) to India’s economy in 2022 and was estimated at Rs. 16.5 trillion for 2023, said the latest assessment by talent solutions provider NLB Services.

The growing synergy of the sector has led to steadfast employment generation across the country both in Tier I and Tier II locations, NLB Services added.

Also Read: Over 70,000 Tech Employees Worldwide Lost Jobs In FY24: Report

Jobs During Covid-19 Pandemic

NLB Services said that in the pandemic year 2020, the tourism sector accounted for 39 million jobs, constituting 8% of the nation’s total workforce.

Post the pandemic recovery tenure, this sector was one of the sectors that saw the quickest recovery. Incidentally, talent demand in tourism recorded a 44% spike in August 2023, and 1.6 million additional jobs were expected to be added within CY 2023.

With the continued growth momentum, the travel & tourism sector is all set to add 58.2 million jobs by 2033 throughout the country, it added.

Growth Centres

From a location perspective, the top five states attracting domestic tourists so far include Uttar Pradesh, Tamil Nadu, Andhra Pradesh, Karnataka, and Maharashtra.

Top cities driving the increase in hiring include Delhi NCR, Mumbai, Bengaluru, Pune, and Kochi. In tier 2 cities, Jaipur, Ahmedabad, and Chandigarh.

In the coming 9 years, new jobs are also expected across emerging cities/locations like Gujarat, Lakshadweep, and West Bengal.

Top Roles In Demand

Prominent job profiles that will continue to be in demand experiencing y-o-y surges include sales (18% surge), business development (17% surge), chefs (15% surge), travel consultants (15% surge), tour operators (15% surge), travel agents (15% surge), hoteliers (15% surge), guides (20% surge), wildlife experts (12% surge), and transportation providers (15% surge), etc.

Looking at the experience level, as of March 2024, 50% of online job postings in the travel and tourism sector were for freshers or entry-level positions (0-3 years of experience). Intermediate-level roles (4-6 years of experience) and top management positions (15+ years of experience) each represented a 30% and 20% share of the total demand, respectively.

Trends

The travel & tourism sector is also undergoing massive transformation, with many new subsets like destination wedding travel, religious tourism, international tourism, adventure sports tourism, ecotourism, cultural tourism, and rural tourism emerging in the new decade. Another interesting emergence is that of sustainable tourism which has observed substantial global adoption, with a market value reaching $180 billion, NLB Services added.

Companies are also adopting the gig model to address talent shortages and meet the growing demand from tourists. Since January 2023, there has been a 14% increase in gig roles within the travel and tourism sector, encompassing positions such as translators, photographers, and tour guides and this is further expected to increase by 18-20% in the next 2 years.

About the Author
Namit Singh Sengar
Namit writes on personal finance, economy and brands. Currently contributing to News18.com as a Senior Sub Editor in the business vertical. Prior to t...Read More

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.


ALSO READ

Ola Electric responds to ARAI notice, says prices of S1 X 2 kWh scooter unchanged

Ola Electric provided an invoice dated October 6, showing a INR 5,000 discount given to customers, a...

Hyundai Motor IPO’s off to a slow start

Around 35% of the total shares in the offering are reserved for retail investors, while QIBs and NII...

Under fire, Ola Electric taps EY India to get back on track

Close to a dozen executives from EY came on-board at Ola Electric a few weeks ago on deputation for ...

Tata Motors secures 5-star BNCAP safety ratings for Nexon, Curvv, and EV models in latest crash tests

Tata Curvv.EV BNCAP testTata Motors did it again! Tata Motors has once again secured 5 star rating i...

India needs to step up manufacturing to meet Viksit Bharat goal: Volvo Grp India MD

Volvo Group India Managing Director and President, Kamal Bali. The manufacturing sector is a weak li...

Dollar pullback to help Indian rupee, weak risk appetite to weigh

Investors are now nearly certain that the U.S. Federal Reserve will deliver a 25-basis-point rate cu...