In 2023, the number of self-employed people in the accommodation and food services sector in Canada stood at 35.5 thousand. The forecast for 2024 shows a slight decrease to 35.12 thousand, continuing with a downward trend through 2028, reaching 33.8 thousand. This represents a gradual decline with an average year-on-year decrease of approximately 1%.
Key future trends to watch for:
- Economic recovery and expansion plans may impact self-employment rates as businesses potentially stabilize in the post-pandemic era.
- Technological advancements and digitalization may open new opportunities for self-employed individuals within this sector.
- Policy changes affecting small businesses, such as tax relief or incentives, could alter self-employment dynamics.
