Forecast: Hospitality Employment in Denmark

Employment in Denmark's hospitality sector demonstrated a steady increase from 2013 to 2023, growing from 18.73 thousand to 22.44 thousand employees. The year-on-year variation has generally been positive, with minor declines during global disruptions. The compound annual growth rate (CAGR) over the past five years was 0.98%, indicating moderate but sustained growth. The projected data from 2024 to 2028 predicts a slower growth rate, with a forecast 5-year CAGR of 0.61% and an overall growth rate of 3.09% by 2028.

Future trends to watch for include:

• Impact of global economic conditions on tourism.

• Technological advancements in the hospitality sector.

• Shifts in traveler preferences and regional attractiveness.

• Potential labor market constraints and changes in workforce dynamics.