The employment in the Accommodation and Food Service Activities sector in Sweden showed significant variation from 2013 to 2023. In 2023, the employment stood at 167.38 thousand FTE. The sector experienced notable growth from 2013 to 2016 with year-on-year increases reaching up to 9.26%. However, from 2018 to 2019, the growth rate slowed down and saw a minor decline. The COVID-19 pandemic caused a significant dip in 2020 with a decrease of 13.78%. The sector rebounded strongly in 2021 with a 16.63% increase. The average annual growth rate (CAGR) of the last five years was 2.72%, indicating steady recovery and growth after the pandemic.
Future trends to watch for in this sector include potential impacts of technological advancements on employment rates, such as automation and digitalization, as well as changes in consumer behaviors driven by socioeconomic factors. Additionally, monitoring the effects of any new regulatory changes or industry-specific economic policies will be critical.
