However, a comparison with pre-pandemic numbers shows that the industry has not yet fully returned to pre-pandemic levels, but is certainly on the road to recovery, the study found.
However, a comparison with pre-pandemic numbers shows that the industry has not yet fully returned to pre-pandemic levels, but is certainly on the road to recovery, the study found.
Bengaluru
The country’s travel and hospitality sector, which has been hardest hit over the past two years, has seen a robust recovery with payroll growth of 47.6% on the month compared to the month, according to data from Allsec Technologies, a Quess Year-ago period experienced Corp.
It was encouraging to see this growth in contrast to the 48.7% decline in March 2021 compared to March 2020. However, a comparison to pre-pandemic numbers shows that the industry has not quite returned to pre-pandemic levels, but is certainly on the road to recovery, the study found.
Ashish Johri, CEO of Allsec Technologies (a Quess company), said: “We’ve seen an upbeat recovery pattern across industries this month. It is encouraging to see the travel and hospitality industry leading the way along with several other industries that have been hard hit by the pandemic.”
The country’s job market recovered overall in March, growing 18.4% year-on-year as the economy returned to normal following the third wave of the pandemic, Quess Corp said.
The energy sector reported a 41.5% annual increase in headcount in March 2022 compared to the previous year and has significantly exceeded pre-pandemic levels with growth of 42%, according to the study.
After travel/hospitality and logistics, the IT/ITes industry performed well with a 27% increase in March 2022, accompanied by logistics, which recorded a 27.3% growth. Sectors such as finance (16.6%) and food and beverage (12.9%) also showed an upbeat trend year-over-year, according to the survey.
