Asian tourism salaries on the rise - TMS survey
Published on Dec 13, 2010
In what represents an encouraging sign for Asia’s travel and hospitality sector, 40 per cent of respondents participating in the 2010 TMS Asia-Pacific Travel and Hospitality Industry Salary Survey indicate they received an average 1.5 per cent pay increase over the last 12 months.
TMS CEO Andrew Chan said the finding, further bolstered by a further 27 per cent of respondents advising they had received increases in excess of six per cent, was indicative of an increase in business confidence within the sector.
Mr Chan said the positive figure could be attributed to the effect several major events taking place within the region in 2010 had placed on the sector’s employment environment - specifically the Shanghai World EXPO, the opening of Singapore’s two integrated resorts - Marina Bay Sands and Sentosa Island – and Delhi’s staging of the 2010 Commonwealth Games.
All of these, he said, had exacerbated what he described as a resumption of the “war for talent” prominent across the Asia-Pacific prior to the onset of the GFC.