The employment in the Accommodation and Food Service Activities sector in the Netherlands has shown a variable trend from 2013 to 2023. Starting in 2013, the sector experienced an initial increase, peaking in 2014 before a marked decline in 2015. Steady growth resumed from 2016 through 2018, with employment reaching 235.55 thousand FTEs in 2019. The sector saw a significant contraction in 2020 due to the pandemic impact, however, it rebounded with a positive trend from 2021 onwards, ending at 247.25 thousand FTEs in 2023. The growth from 2018 to 2023 shows a CAGR of around 1.79%.
Key points:
- Employment hit a low in 2015 and 2020 corresponding to -14.78% and -8.87% year-on-year decreases, respectively.
- Recovery periods were notable in 2016, 2017, 2021, and onwards.
- From 2021 to 2023, year-on-year growth averaged over 2.26%.
- The forecasted data from 2024 onwards indicates a stable growth trend, achieving a 5-year CAGR of 1.6% and a forecasted 5-year growth rate of 8.28% by 2028, up to 273.53 thousand FTEs.
Future trends to watch for:
- Monitoring the broader economic recovery post-pandemic, which might influence consumer spending and tourism.
- Technological advancements in hospitality management which might affect employment structures.
- Potential impact of policy changes, especially around labor laws and immigration, influencing sector employment dynamics.
