The employment trend in Chile's Accommodation and Food Services sector from 2013 to 2023 shows a steady increase after initial fluctuations. Employment stood at 268.33 thousand units in 2023. The year-on-year variation for 2023 was 1.11%, indicating consistent growth. Over the last five years, the average annual growth rate (CAGR) is 1.18%, showing modest but stable expansion. The sector experienced varied annual growth, with notable increases in 2015 and 2018.
Looking ahead, forecasts predict a continued upward trend with a CAGR of 0.8% for the next five years, anticipating a total growth of 4.04% by 2028. This suggests a positive outlook for employment growth in the sector.
Future trends to watch include technological advancements in service management, which may impact job roles and skill requirements. Additionally, shifts in tourism trends post-pandemic and evolving consumer preferences could significantly influence the sector's growth trajectory.
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