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The latest Hospitality salaries & trends

Author: TMS Talent

Published Date: 2019/12

Hospitality Market Update 2019 | Peter Jackson | Hospitality Jobs | Hospitality Careers

Peter Jackson, Senior Recruitment Consultant explains why jobs across the hospitality sector are in high demand right now.

The hospitality sector is experiencing growth across all sectors with revenue expected to grow by 4.6% over the next five years, with total industry revenue expected to exceed $108 billion by 2023.^ Driving this growth is the low Australian dollar, low interest rates as well as increasing international visitor numbers arriving at our shores.

Hospitality employers face increasing challenges including persistent skills shortages, rising costs, increasing competition and the impacts of technological disruption. Millennials are driving the increase of technology based food delivery services, driving restaurants and cafes to work harder for margins.

With sustained and consistent wages across the sector, hospitality employers are differentiating by offering employees a more innovative approach to salary & remuneration packaging, as well as investing in upskilling and training. Increasingly popular and in demand are roles in the events, corporate catering and luxury segments.

Find out what your worth and what hospitality employers are paying. Click Here to download the full version of the TMS Talent Salary Guide 2019 or contact Peter for a confidential discussion.

^ *SOURCE: IBIS World 2018 - https://www.bankwest.com.au/content/dam/bankwest/documents/business/insights/focus-on-hospitality-report-2019.pdf