from this morning's STR enews highlights (4/14):
The Quiet Battle for Travel and Tourism Talent
The "war for talent" is real
"BANGKOK, THAILAND | The labour pool will soon shrink in many Asia Pacific destinations, even while more than two-thirds of the world's new jobs will be created in the region.
But this does not necessitate slower travel and tourism industry growth rates." ...
"Delegates learned that working-age populations will begin to contract in Korea (ROK) in 2015; China (PRC) in 2016; Singapore in 2017; and Thailand in 2025. In Japan, the number of workers in the population started to decline in 1994.
In the travel and tourism industry, inexperienced staff members are being fast-tracked into positions of responsibility quicker than ever before. Salaries are rising as competition for talent heats up and employees show a willingness to job-hop." ...
for the complete story
Monday, April 14, 2008
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