The travel industry is experiencing exceptional growth and talented travel advisors are in demand!
The following report details the latest trends and opportunities with travel agencies that are apart of the Virtuoso luxury travel network. The report was obtained by the travel recruitment experts at Rollinglobe with data compiled from Virtuoso member agencies.
Business is Up
The luxury travel business is thriving, particularly where travel advisors are concerned. Of the agencies surveyed, 82% expect sales to grow in 2016, and none expect decreases in the year ahead. These findings show a remarkable level of bullishness, as it is rare that all businesses in a category would expect growing or, at a minimum, stable sales.
Travel Agencies are Hiring
With sales on the rise, travel agencies find themselves in need of new advisors. 67% of Virtuoso-affiliated agencies plan to hire advisors over the next year, and another 22% possibly hiring. This is far better than the U.S. average of 36% of overall employers that plan to hire full-time permanent employees.
Fastest Ramp Up Time Ever
"Mobility and social media have allowed new advisors to leave their desks behind and still stay connected to clients," says Virtuoso Chairman and CEO Matthew D. Upchurch. "And for those who are entrepreneurially minded, there’s no limit to what you can achieve. In my 30 years in this business, I’ve never seen so many new advisors go from zero to million-dollar producers in such a short amount of time.”
Six Figure Earning Potential
Compensation is solid for most travel advisors, and has the potential to be very high once a new entrant to the field ramps up. One-third of top producers earn in excess of $100,000 per year, and more than half earn more than $75,000 annually.
The Industry is Getting Younger
There is a wave of new advisors entering the industry. "The industry is going to be a generation younger in the next 5 years," says recruitment expert, Michael Nobiletti, who is the founder of Rollinglobe.
"Virtuoso member agencies are actively hiring and I am proud to say that Rollinglobe is now working with them to recruit the best new talent. If you are looking for new job opportunities, we should talk."
This special report was obtained via data from Virtuoso's May 2016 White Paper, Growing Opportunities for Travel Advisors in a Strong Market.