Forecast: Hospitality Employment in Brazil

The hospitality employment sector in Brazil stood at 323.13 thousand jobs in 2023. From 2013 onwards, employment showed fluctuations, with notable drops in 2016 and 2017 followed by a gradual recovery. The YoY variation turned positive post-2018, albeit at a slower pace, and continued at marginal rates around 0.4% in the last few years. The CAGR for 2023 is at 0.48% over the last five years. Forecasts suggest a stable but slow growth rate of 0.28% CAGR through 2028, achieving a total of 328.86 thousand jobs by that year.

Future trends to watch for:

• Impact of global economic conditions
• Technological advancements in hospitality services
• Development of domestic and international tourism