Although advertised salaries in the sector increased year-on-year - up 9.9% in Q4 2018 compared to the same period in 2017 – they fell -18% compared to Q3 2018.
This reflects the current uncertainty across the nation and on-going fears regarding Brexit and wider socioeconomic issues.
However, according to CV-Library’s latest ‘Job Market Report,’ the industry was one of few to see applications rising in Q4, increasing by 7.8% compared to the prior three months.
Lee Biggins, CV-Library founder and chief executive, commented: “It’s a turbulent time for the UK right now.
“Following this month’s failed Brexit vote and Theresa May narrowly holding onto her leadership, there’s still a great deal of uncertainty surrounding the future of the nation’s economy.
“This has had a knock on effect on the recruitment space, with businesses in the hospitality sector temporarily slowing down their hiring efforts until an outcome is reached.
“That said, it’s extremely positive to see applications were up across the industry and this could be a direct result of the impressive increases in advertised salaries last quarter.
“Despite this uncertainty, it’s positive to see that professionals in the sector are preparing for their job search.
“This is something that often happens nearing the end of the year, with many looking to land a new role in January. As such, we expect to see job vacancies picking back up and application rates continuing to grow next quarter.”
The full report can be viewed here.