The number of persons working in the accommodations, eating and drinking services sector in Japan is forecasted to grow steadily from 2024 to 2028. With a projected increase from 4.3752 million in 2024 to 4.4841 million in 2028, the sector reflects a compounded annual growth rate (CAGR) of approximately 0.62%. Year-on-year growth rate ranges between 0.64% to 0.59% over this period.
In 2023, the sector employed 4.347 million people. The observed increase indicates a positive trend mainly driven by anticipated economic recovery and growing tourism activity.
Future trends to watch for:
- Impact of technological advancements on workforce efficiency.
- Potential shifts due to changing consumer preferences post-pandemic.
- Influence of government policy on tourism and hospitality sectors.
