Travel’s AI investment is concentrated in office work while its demographic labor crisis is concentrated on the front line; the jobs aging fastest remain stubbornly physical.
Skilling programs are necessary. However, training them to take up jobs in tourism cannot be the only focus: the industry also needs to figure out how to retain the talent.
Travel venture capital hit a decade low of $2.9 billion in 2023, but early 2024 signals a rebound with increased investments from Asia and the Middle East and a focus on experiences and AI.
We're unpacking the travel industry's impact on jobs in India. There's no question the demand is there and companies want to hire. But we've also heard from industry leaders that it's going to be tough to retain the next generation of workers - changes are needed they say.
The leisure and hospitality sector was among the largest job gainers in the U.S. in April, but the 31,000 jobs it added amounted to a deceleration from March, when it…