The UK's Accommodation and Food Services sector, as of 2023, recorded an employment engagement level expressed in billion hours. From 2023 to 2028, the sector is forecasted to see a steady year-on-year growth, with 2028 projected at 2.87 billion hours, indicating a Compound Annual Growth Rate (CAGR) over five years. This shows a moderate but consistent increase in employment activity within the sector, reflecting a gradual recovery and expansion post-pandemic.
Future trends to monitor include:
- The impact of automation and technology on employment dynamics.
- Demand fluctuations driven by consumer behavior and economic conditions.
- Policy changes regarding immigration, minimum wage, and labor laws that might influence the sector's employment landscape.