The number of persons employed in the Accommodation and Food Services sector in Canada showed a forecasted increase from 1.49 million in 2024 to 1.57 million by 2028. Year-on-year growth rates for 2025 to 2028 are consistent, showing an increase of approximately 1.3% per year. From 2023 to 2024, the increase was 1.2%, indicating steady growth. The compound annual growth rate (CAGR) over this five-year period is also 1.3%.
Future trends to watch for include the impact of technological advancements and automation on job numbers, shifts in consumer preferences that may affect demand, and potential economic conditions that could alter employment forecasts. Monitoring these factors will be vital for strategic planning in the sector.
