Few Signs Of Brexit Impact As Executive Travel Salaries Set New Yearly High

Press Release (ePRNews.com) - LONDON - Aug 03, 2016 - Few Signs Of Brexit Impact As Executive Travel Salaries Set New Yearly High

C&M Travel Recruitment and C&M Executive Recruitment’s Travel Salary Index – June 2016

• Executive salaries rise, but average wages dip
• Standard salaries still up 5.60 per cent annually
• Few immediate signs of post-Brexit slowdown

Executive salaries fly high

The average salary for a new senior or executive job in the travel industry has jumped to its highest level in one and a half years, according to the latest Travel Salary Index from C&M Travel Recruitment and C&M Executive Recruitment which surveyed the month’s new vacancies.

The typical executive travel role (those paying above £40,000) rose to £74,899 in June 2016, which is far ahead of the average for the year so far and is the highest total since December 2014.

However, the rise wasn’t enough to prevent overall average travel salaries falling by 2.47 per cent in the month to £25,806, which was also down marginally year-on-year by 0.26 per cent.

The fall was primarily due to the 4.63 per cent decrease in salaries in the south of the country (the largest monthly dip since February 2015), while travel wages rose by 2.74 per cent in the north of the UK during the month.

Salaries for standard travel jobs (roles paying up to £40,000) fell back by 4.79 per cent in June to their lowest level since September 2015. However, the figure remains 5.60 per cent up annually, with standard salaries now having risen year-on-year consistently for the past 13 months.

Speaking about the figures, Barbara Kolosinska, Director at C&M Travel Recruitment and C&M Executive Recruitment (http://www.candmexecutive.co.uk/), said: “Average salaries in the travel industry dipped in June, but it has been a very strong first half of the year, with wages rising year-on-year in five of the first six months of 2016. There was also a strong increase in salaries in the north of England, while the executive travel jobs market continues to impress with a new 18-month salary high.”

Brexit impact

Happily, despite the anticipated fallout from the Brexit vote, there are few immediate signs of a slowdown in the travel recruitment market. In fact, when comparing the seven days following the decision compared to the previous period, there were increases in both the number of new jobs being created and the number of candidates registering their interest in finding a new role.

Ms Kolosinska said: “Our initial reaction to the Brexit impact is one of relief – so far at least, there are very few signs of the travel recruitment market being negatively impacted in any way.”

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All figures are drawn from the salaries of the month’s new vacancies advertised with C&M Travel Recruitment and C&M Executive Recruitment.

C&M Travel Recruitment was established in 1998 and is the largest and most successful specialist travel recruitment company in the UK.

For further information please contact: Owen Mckeon (Content Manager – 0161 238 4497 / owen@candm.co.uk) or Barbara Kolosinska (Director – 07507 602 069 / barbara@candm.co.uk).

Source : C&M Travel Recruitment

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