The forecasted number of employees in Canada's travel services sector shows a gradual decline from 2024 to 2028. Specifically:
- 2024: 38.81K jobs
- 2025: 38.46K jobs (-0.90%)
- 2026: 38.12K jobs (-0.88%)
- 2027: 37.78K jobs (-0.89%)
- 2028: 37.46K jobs (-0.85%)
The Compound Annual Growth Rate (CAGR) over these five years is approximately -0.87%, reflecting a steady year-on-year decline.
Future Trends to Watch: Future trends to monitor in the travel services sector include potential impacts from technological advancements, evolving customer preferences, and economic shifts, which may influence labor demands and drive either a short-term rebound or a continued decline in employment figures.