By Sidra Tariq
The hospitality sector records the highest year-on-year growth in online recruitment activity in the Middle East in June 2014, reveals the Monster Employment Index Middle East.
According to Alpen Capital’s October 2012 GCC Hospitality Industry Report, the Gulf region’s hospitality market is expected to grow by 8.1 per cent to $28.3 billion by 2016, in comparison with $19.2 billion in 2011.
The hospitality sector witnessed a 48 per cent increase in online recruitment practices in June this year, when compared with the same period in 2013, according to the index, which has been released by job website, Monster.com, on Tuesday, July 15. Every month, the index analyzes online job posting activity in the Middle East region, based on a review of employer job opportunities culled from several career websites and online job listings.
The sector is “the key driver of economic growth and diversification for many Gulf countries,” says Sanjay Modi, managing director at Monster.com for India, the Middle East region, South East Asia and Hong Kong, in a company statement. It has been charting robust growth in online recruitment activity since March 2014, the index reveals.
The demand for hospitality and travel personnel is also high, with the index recording a 59 per cent growth in opportunities last month, when compared with June 2013. Statistics shared by Dubai Chamber of Commerce and Industry in May reveal that the UAE’s travel and tourism sector alone is expected to create 245,000 jobs directly by 2023, registering an annual growth rate of 4.1 per cent.
According to the index, other occupations that witnessed growth in demand include human resources and administration, marketing and communications as well as sales and business development.
The UAE registers the steepest annual growth of 25 per cent in online recruitment activity among seven Arab countries that were monitored, the index also reveals. “In the UAE, the banking and financial services industry…witnessed a 17 per cent year-on-year growth and was seen as the top-growth sector by way of long-term progress, with purchase/logistics/supply chain professionals showing the most demand with a 60 per cent year-on-year growth among all occupation groups,” adds Modi.
Thursday, July 17- 2014 @ 12:29 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.