The firm said a typical travel role came with a salary of £25,628 in February, which was down 4.16% from January. However, the good news is that this was still up by 3.89% annually, with salaries having risen year-on-year in 19 of the last 22 months.
Average wages have begun to fall after a very strong end to 2015 and early 2016, which saw average travel salaries increase for six consecutive months. C&M said the overall dip was mainly due to a fall in northern salaries, which fell back to their lowest level since March 2014 after hitting their highest point in 20 months in January 2016. Conversely, wages in the south remain very strong and are only marginally down (minus £185) from January’s 32-month high.
“February saw some relatively significant wage falls, but this follows six consecutive months of increases,” said C&M director Barbara Kolosinska.
“Salaries have only actually fallen back to the levels of last November and remain particularly strong in the south, with areas in and around London leading the way.”