The surge in travel post-pandemic has led to a rise in travel employment, with a 37% increase in travel sales and a 179% increase in outbound tourism from India. This has resulted in a demand for senior leadership roles in the travel sector, particularly CEOs and CXOs. The industry is expected to contribute $250 billion to India s GDP by 2030 and create employment for 137 million individuals.
Leadership can be divided into two types: individual leadership and people leadership. Individual leadership focuses on personal development and self-management, while people leadership involves leading a team towards organizational goals. Both types of leadership are important for career advancement and organizational success.
Experience leaders have an exciting role in shaping customer and employee experiences, especially with the rise of generative AI and a quickly growing younger workforc.
In FY22, India Inc s million-dollar club had expanded by 37% compared to a decrease of 17% in the pandemic-hit FY21. The total compensation of C-suite executives went up 7.56% to ₹4,256 crore, from ₹3,957 crore in FY22. Here, too, professional CXOs amassed the bulk of this increase with the collective compensation for professional CXOs going up by 21.08% while that of promoters registering a decrease of 9%.