The number of employees in the Accommodation and Food Services sector in Germany is forecasted to grow steadily from 2024 to 2028. In 2023, this sector employed nearly 1.75 million individuals. The expected growth exhibits a consistent year-on-year increase of approximately 1.6%. Over the five-year forecast period, the sector is expected to achieve a compound annual growth rate (CAGR) of about 1.5% per year.
Future trends to watch for include:
- The impact of digital transformation and automation on employment patterns.
- Shifts in consumer preferences towards sustainable and personalized services.
- Potential effects of fluctuating economic policies or labor market regulations.
- Influence of international tourism and travel trends on labor demand.
