X hits on this document

55 views

0 shares

0 downloads

0 comments

17 / 22

average of 2.0 per cent as the hiring rate increases to accommodate the recovery in tourist arrivals. The labour market recovers to its pre-shock levels of 32,064 labourers at end 2013.

Labour Force Dynamics

Hotel Capacity Dynamics

Number of Employed Workforce

32,500

32,000

31,500

31,000

30,500

30,000

29,500

29,000

2007

2008

2009 2010

2011

2012

4.0 3.0 2.0 1.0 -

  • -

    1.0

  • -

    2.0

  • -

    3.0

  • -

    4.0

  • -

    5.0

  • -

    6.0

2013

Growth in Workforce (Per cent)

Bed Capacity

60,000.0 58,000.0 56,000.0 54,000.0 52,000.0 50,000.0 48,000.0 46,000.0 44,000.0 42,000.0 40,000.0

2007

2008 2009 2010 2011 2012

2013

Bed Capacity (Loss in Manufacturing Capacity) Bed Capacity (No loss in Manufacturing Capacity)

5

-

  • -

    5

  • -

    1

  • -

    1

  • -

    2

  • -

    2

Labour Force Growth Rate in Labour Force

Growth in Capacity

Vacancies and Desired Vacancies in Tourism Sector

Supply Chain Dynamics in Response to a Boom in Tourism Industry

12,000

450

10,000

400

People

8,000

6,000

4,000

2,000

Vacancies Desired Vacancies

Beds per Month

350

300

250

200

Acquisitions Depreciation Orders Desired Acquisition

-

150

Jan-07 May-07 Sep-07 Jan-08 May-08 Sep-08 Jan-09 May-09 Sep-09 Jan-10 May-10 Sep-10 Jan-11 May-11 Sep-11 Jan-12 May-12 Sep-12 Jan-13 May-13 Sep-13

Jan-07 May-07 Sep-07 Jan-08 May-08 Sep-08 Jan-09 May-09 Sep-09 Jan-10 May-10 Sep-10 Jan-11 May-11 Sep-11 Jan-12 May-12 Sep-12 Jan-13 May-13

Response of Labour Market to an Unanticipated Fall-Out in Tourism

Amplification Ratio

People/Month

1,400

1,200

1,000

800

600

400

200

Layoff Rate

Hiring Rate_1

Vacancy Creation Rate

10 9 8 7 6 5 4 3 2 1 0

Amplification Ratio

-

Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13

Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul

17

Document info
Document views55
Page views55
Page last viewedThu Dec 08 06:26:44 UTC 2016
Pages22
Paragraphs527
Words6002

Comments