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Work in Travel! It’s a Great Way to Launch a Career

(Research, From the CEO, Initiatives and Trends) Permanent link

Work in Travel! It’s a Great Way to Launch a Career

By Howard Nusbaum, CEO and President of ARDA

January 24, 2013 

U.S. Travel Association 


The latest results of a new study “Travels Means Jobs,” conducted by the U.S. Travel Association, got a lot of play recently in the press...and for good reason. It found that people who start their careers in hospitality and travel end up with better earnings and growth potential—even if they move into other fields.

To provide insight into the benefits of a travel industry job and the career progression of workers who began in travel, the U.S. Travel Association analyzed data collected by the U.S. Bureau of Labor Statistics (BLS).

Here are a few key findings:

  1. Earning Higher Wages: The average maximum salary for employees who start their career in the travel industry reaches $81,900 (significantly more than the other industries followed).
  2. Building the Middle Class: The travel industry is one of the top 10 largest employers of middle-class wage earners in the United States. More than half of all travel industry employees (53 percent) earn a middle class or higher salary.
  3. Promotional Educational Opportunities: One-third of the 5.6 million Americans who work part-time while continuing their education work in the largest component of the travel industry—leisure and hospitality (including timeshare).
  4. Leading to Rewarding Careers: Two out of five workers who start their careers in travel go on to earn more than $100,000 per year. The travel and hospitality industries offer a diverse workforce the real opportunity to develop a wide variety of life skills.

And I believe that timeshare (although not separated from other travel jobs in this study) has even another advantage over general travel jobs, with more positions in robust sales and marketing, regulatory compliance, and financial services. This job diversity offers timeshare employees the ability to start in resort operations and then move into finance, real estate, sales and marketing, and other disciplines while staying within vacation ownership and often within the same company.

As a board member of U.S. Travel, I am proud of these findings and am excited to have this data available as we recruit the next generation of professionals. And in our industry advocacy work, this critical data will serve us well as we engage local, state, and national leaders about the timeshare industry and its role in travel.  

Note: This blog post is based on a January 2013 Developments magazine article.   

2013 AIF State of the Industry Survey in Field

(Research) Permanent link

2013 AIF State of the Industry Survey in Field

By Lan Wang, Research Manager

January 18, 2013

AIF Research


If you haven’t already, you will soon be receiving AIF’s annual State of the Vacation Timeshare Industry survey. Your participation is vital for the industry to produce solid, reliable data on a regular basis for the investment communities, the media, government officials and lawmakers alike so that a better business environment can be created or maintained.

Ernst & Young, our long-time research partner, is once again conducting the survey. It was sent to all U.S. timeshare resorts and includes a new section adapted from the stand-alone survey of HOA-Controlled timeshare resorts–which is now merged into this one.

This study will help gauge the health of the industry by evaluating the timeshare market size, sales metrics, occupancy numbers, and rental activity during 2012. You can use the study results to educate your staff and the media, and to inform your peers in the local business community. Additionally, this research will be instrumental as you compare your performance to the industry’s as a whole—this is critical information for companies that want to be strong and competitive in the future.

You have until February 15 to submit your responses and the report will be released by late May or early June. If you have any questions about this or our upcoming surveys, feel free to contact me at lwang@arda.org.

 

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