Over the past decade, employment in Australia's hospitality sector saw significant fluctuations. Employment peaked in 2017 with 85.6 thousand employees before experiencing a sharp decline due to external factors, reaching 62.7 thousand in 2020. Recovery has been observed since 2021, with a steady increase. As of 2023, employment stood at 76.45 thousand, indicating a positive growth trajectory but not yet reaching pre-2017 levels. The analysis shows a gradual year-on-year increase of 4.08% in 2023 with a Compound Annual Growth Rate (CAGR) of -1.73% over the last five years.

Future trends to watch for:

Continued recovery and growth in hospitality employment post-2023, forecasted to reach 79.16 thousand by 2028 with a 5-year CAGR of 0.56%.
Potential impacts of global economic conditions and policy changes on the hospitality sector's workforce.
Technological advancements and their influence on employment patterns within the industry.