The accommodation sector in Canada employed 158.12 thousand individuals in 2023. The forecasted data suggests a gradual decrease in employment over the next five years, from 155.77 thousand in 2024 to 152.02 thousand by 2028. Year-on-year, the sector is expected to experience a decline of approximately 0.61% from 2024 to 2025, 0.61% from 2025 to 2026, 0.61% from 2026 to 2027, and 0.61% from 2027 to 2028, resulting in a CAGR of approximately -0.97% over the five-year period.
Future trends to watch for in the accommodation sector include technological advancements leading to automation, shifts in consumer preferences toward alternative lodging options like Airbnb, and potential economic fluctuations impacting travel and tourism. Monitoring these factors will be essential for understanding the sector's employment landscape.
