The Accommodation and Food Services sector in the US has demonstrated a steady increase from 2024 to 2028, with the number of employees projected to grow from 15.15 million to 15.89 million. This represents a compound annual growth rate (CAGR) of approximately 1.2% over the forecasted period.

Year-on-year growth also shows a positive upward trend with incremental increases in the number of employees each year. Current figures for 2023 have not been provided, but given the sector’s recent trajectory, it is safe to assume recovery post-pandemic and a positive growth outlook.

Key future trends to watch include:

Technological advancements leading to enhanced customer service and possibly reduced labor demand.
Shifts in consumer preferences and dining habits affecting service models.
Potential impacts of macroeconomic conditions on employment rates.