Articles tagged “employment”

Though there is evidence of pent-up travel demand as U.S. reopens bit by bit, the monumental job losses for our sector will take a long time to come back to the pre-pandemic level, if ever. This is travel's Great Depression of this century, make no mistake.

The leisure and hospitality industry was the hardest-hit part of the U.S. economy when it came to job losses, and restaurant and bars were by far the most-severely impacted within the category.

Look beyond monthly jobs reports to see a bigger picture. The U.S. leisure and hospitality sector will cut its employment growth by roughly half over the next decade, according to a government forecast. Hoteliers will cope by boosting the productivity of their existing workforce through training.

The hospitality industry in particular has struggled with recruiting and retaining workers over the last few years, as unemployment rates have dropped and tighter restrictions on immigration and work visas have been enforced. But there are a few things companies can do to develop a strong workforce.

A strong job market means lots of consumers are spending on domestic travel. But rising wages and recently tightened rules on visas for seasonal workers are pressuring some sectors. We take a sector-by-sector look.

U.S. tourism job growth is already projected to be smaller than the rest of the world without the full impact of some of the Trump administration's policies. The travel industry is asking for a seat at the table to convince Washington why that means bad news.

Both CEOs made the case for their respective causes, which would ultimately benefit not only their respective businesses and customers, but the travel industry a whole.

Travel brands' employees must represent the growing diversity of the world's travelers. The U.S. travel industry as a whole made progress towards that goal last year but it largely remains an industry with a sea of white faces.

In case the world needed any more proof that travel is one of the largest global industries, it just got it.