In 2023, the number of persons employed in the UK’s Accommodation and Food Services sector was approximately 2.4677 million. Forecasts suggest a steady growth in employment figures from 2024 to 2028, with an annual average percentage increase of approximately 0.9%. The Compound Annual Growth Rate (CAGR) over this five-year forecast period is about 0.9%, indicating moderate growth.
Future trends to watch for:
- The impact of economic policies and labor market regulations on employment.
- Technological advancements and their effects on workforce needs.
- Changes in consumer behavior and demand for accommodation and food services.
