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Average wages for new travel jobs fell last month at the fastest pace in almost two years, a new study reveals.
Salaries for new travel jobs dropped by 3.84% to reach an average of £24,668, according to the latest Travel Salary Index from C&M Travel Recruitment and C&M Executive Recruitment.
It was the steepest monthly drop since May 2013, although average salaries still remain 0.33% up compared to 12 months ago.
The monthly dip was largely a result of a weak February for new travel roles offering salaries under £40,000, with pay falling by an average of 5.36% to £19,512.
Although salaries fell across the country, there was a particular dip in the wages of new roles in the south of England compared to those in the north.
However salaries for executive travel roles saw a healthy increase in February compared to both the previous month and the previous year.
Director Barbara Kolosinska said: “February was a disappointing month for travel salaries with the south seeing a significant dip in average pay.
“However, wages for newly advertised travel jobs remain higher than this time last year.
“The month also saw many bright spots – most notably the increase in pay for executive roles, which has increased substantially since the beginning of 2014.”
The number of people looking for new travel jobs in February reached its highest level since last October and has now consistently risen year-on-year for each of the past six months, according to the study.
“It’s great to see an increase in candidate registrations as this is a strong indication of the health of the whole travel industry,” said Kolosinska.
“This is typically a sign that employees are more confident about both the health of the economy and their own job security, and now feel comfortable enough to look at other opportunities to further their career.”