TeamLease Report: Surging Employment in Travel & Hospitality for H2 FY24

TeamLease Report: Surging Employment in Travel & Hospitality for H2 FY24

By Author

Published on December 24, 2023

The travel and hospitality sector in India is poised for a significant leap forward in the second half of fiscal year 2024, according to the latest 'TeamLease Employment Outlook Report'. This period, spanning from October 2023 to March 2024, is expected to witness a robust expansion in employment, with a special focus on strategic hiring trends, especially in the fourth quarter.

TeamLease Services, a leading staffing conglomerate in India, has highlighted the thriving trends within the travel and hospitality sector despite the challenging circumstances faced in H2 FY24. The sector emerges as a beacon of growth, displaying a substantial 68% Incremental Workforce Expansion. This promising trajectory is not just a marker of recovery but also an indicator of the sector's dynamism and resilience.

The analysis of the travel and hospitality industry on a city-wise basis reveals a landscape of growth with a strategic distribution of hiring. Mumbai, a key hub, leads the pack with an impressive 13.3% Incremental Workforce Expansion, underscoring its pivotal role in the industry's growth. Other major cities like Ahmedabad and Chandigarh are not far behind, each contributing significantly with 11.1%, showcasing a well-balanced approach to talent acquisition across the nation.

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In terms of specific roles, the demand in the sector highlights Human Resources (HR) as a leading area. This underlines the importance the industry places on building a competent and efficient workforce. Additionally, roles in IT, Engineering, Office Services, and blue-collar professions also make substantial contributions. This diversity in demand reflects the industry's commitment to fostering a holistic hiring approach while fortifying and streamlining critical operations for long-term success.

Another significant factor contributing to the sector's growth is the ICC Cricket World Cup hosted by India. The Mastercard report reveals the multiplier effect of this global sporting event on India's economy, particularly emphasizing the notable contributions made by the accommodation and food industries. The event drew cricket enthusiasts from around the world, underscoring the broader impact of sporting and cultural events on both national and local economic landscapes.

Balasubramanian A, VP & Business Head of TeamLease Services, commented on the report, stating that the Indian hospitality and tourism industry has witnessed robust growth in 2023 predominantly due to heightened domestic travel. He added that this growth is expected to positively affect not only the hospitality industry but also adjacent sectors such as travel, aviation, ticket purchasing, and travel guides in terms of expanding their workforces. The hosting of the Cricket World Cup this year has been a significant factor in boosting the demand for workers in this segment.

The report underscores that a substantial 68% of employers are interested in incremental workforce expansion, indicating the sector's growth opportunities. Mumbai remains a pivotal city, while other cities like Chandigarh and Delhi consistently commit to talent acquisition. Roles in Human Resources, IT, Engineering, and Office Services are particularly in focus, reflecting a strategic talent acquisition approach aimed at sustaining sectoral success.


IHCL Debuts Ginger Hotel in Nagpur, Expands Presence in Maharashtra

IHCL Debuts Ginger Hotel in Nagpur, Expands Presence in Maharashtra

By Nishang Narayan

Published on May 29, 2024

Indian Hotels Company (IHCL), a leader in the Indian hospitality sector, has expanded its footprint with the opening of Ginger Nagpur Airport Road. This new establishment reflects IHCL’s strategic initiative to strengthen its presence in India's emerging metropolises and key commercial centers.

Located strategically close to Dr. Babasaheb Ambedkar Airport, Ginger Nagpur Airport Road enjoys proximity to major transport links, including a new metro line servicing the airport. The hotel is part of a mixed-use development that also houses one of the city’s premier shopping malls, placing guests at the nexus of commerce and leisure.

Deepika Rao, Executive Vice President– New Businesses and Hotel Openings at IHCL, stated, "The opening of Ginger Nagpur Airport Road is a pivotal development in our strategic vision to tap into emerging commercial hubs across India. Nagpur’s growing importance as a business and political epicenter makes it an ideal location for our latest Ginger property."

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The 86-key hotel boasts a design philosophy that combines luxury with practicality, catering to both business and leisure travelers. Facilities include 'Qmin', a signature all-day diner offering a mix of global and local cuisines, a swimming pool, a state-of-the-art gym, and a meeting room for business events.

With this new addition, IHCL now operates 34 hotels in Maharashtra, including 11 under development, spanning its Taj, Vivanta, SeleQtions, and Ginger brands. This expansion not only enhances IHCL's service offerings in the state but also reinforces its commitment to growth and excellence in the hospitality industry.

For more information about Ginger Nagpur Airport Road and to make reservations, please visit IHCL Hotels.


Yatra Online Innovates with AI-Powered Expense Management Solution for Enhanced Business Efficiency

Yatra Online Innovates with AI-Powered Expense Management Solution for Enhanced Business Efficiency

By Nishang Narayan

Published on May 29, 2024

Yatra Online, a leader in corporate travel services in India, has launched a next-generation AI-powered expense management solution, marking a significant advancement in how businesses handle both travel and non-travel expenses. The solution leverages GenAI, a cutting-edge Large Language Model (LLM), which outperforms traditional OCR technologies in receipt analysis, ensuring higher accuracy and efficiency.

Dhruv Shringi, CEO of Yatra Online, emphasized the platform's ability to adapt to the evolving needs of businesses, stating, "Our Expense Management Solution is designed to grow with our clients, offering scalability and flexibility as their businesses evolve."

This innovative platform serves as a one-stop solution for corporate travel needs, including bookings for flights, hotels, and car rentals, and integrates seamlessly with existing ERP systems to enhance data flow and operational efficiency. The inclusion of an integrated Power BI dashboard allows for in-depth expense analysis, enabling businesses to make informed decisions and optimize spending.

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The mobile app, available for both Android and iOS, allows for on-the-go management of expenses. Key features include expense creation and approval, reimbursement tracking, and the ability to generate expenses automatically from UPI transactions.

With more than 800 corporates already utilizing Yatra's AI-powered expense management tool, the platform is set to become an indispensable resource for businesses aiming to enhance their expense management processes and overall operational efficiency.

For more details on Yatra Online's offerings and the AI-powered expense management solution, visit Yatra Online.


The Leela Palaces, Hotels and Resorts Advances Hospitality Leadership with New Upskilling Program

The Leela Palaces, Hotels and Resorts Advances Hospitality Leadership with New Upskilling Program

By Nishang Narayan

Published on May 29, 2024

The Leela Palaces, Hotels and Resorts, renowned for its luxurious offerings, has launched the Leela Leadership Development Programme (LLDP) – Class of 2025. This initiative is a strategic move to cultivate future leaders in the hospitality sector. The program kicked off on May 19 with a new batch of candidates at The Leela Ambience Gurugram Hotel and Residences.

In collaboration with the Indian School of Hospitality (ISH) and Les Roches, a global leader in hospitality education, the LLDP offers a robust 15-month curriculum. Participants engage in a mix of boot camps, classroom sessions, online courses, and practical experiences across various Leela properties.

Anuraag Bhatnagar, CEO of The Leela, emphasized the program's role in fostering a legacy of excellence within the hospitality industry. "Through the Leela Leadership Development Programme and our Diversity, Equity, and Inclusivity initiatives, we are crafting a pathway for aspiring hospitality professionals to reach their potential and lead the industry forward," he stated.

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The LLDP aims not only to enhance skills but also to fast-track participants into managerial roles, preparing them to handle the complexities of luxury hospitality management. Since its inception in May 2022, the program has already seen two cohorts graduate, poised to make significant contributions to the industry.

Further enriching its commitment to inclusivity, The Leela has also expanded its training initiatives with the Shefs at The Leela programme, launched in 2022 to inspire and support women in culinary arts. This has evolved into a comprehensive development program, aiming to diversify talent in professional kitchens and empower female chefs globally.

For more information about The Leela's educational and professional development offerings, visit The Leela Palaces, Hotels and Resorts.

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