The employment in Denmark’s accommodation and food service sector has shown varied trends from 2013 to 2023, starting at 50.35 thousand in 2013 and increasing to 66.76 thousand in 2023. This indicates a gradual overall growth with episodic fluctuations, especially evident in 2020 where the sector experienced an 8.21% decline due to the pandemic. However, recovery ensued with a significant 8.31% growth in 2021, reaching 63.77 thousand. The sector’s CAGR for the most recent five years stands at 0.71%, reflecting moderate recovery and stabilization.
From 2024 onwards, the employment figures are forecasted to increase steadily, indicating positive momentum. By 2028, the sector is expected to employ 73.97 thousand people, supported by a forecasted 5-year CAGR of 1.63% and an overall growth rate of 8.41%.
Future trends to watch for include:
- Impact of automation and technology advancements on staffing needs.
- Changes in tourism patterns and demand due to global events.
- Economic policies affecting labor and wage structures.
- Potential growth in sustainable and eco-friendly accommodations driving new employment opportunities.
