The number of employees in the Accommodation and Food Services sector in Turkey has shown a steady growth from 2014 to 2023. In 2023, the sector employed 1.37 million people, marking a 1.48% year-on-year increase and a 1.54% compound annual growth rate (CAGR) over the past five years. The sector experienced significant growth in 2015 and 2018, with year-on-year increases of 10.82% and 7.55% respectively. The pandemic-induced slowdown in 2020 did not lead to a dramatic decline, reflecting a resilient industry with only a 0.85% year-on-year growth.
Looking forward, the forecasted data from 2024 to 2028 shows a moderate but stable growth trajectory for the number of employees, with a forecasted 5-year CAGR of 1.07%, resulting in a total employment of 1.47 million by 2028. This suggests that while growth is anticipated to continue, it will do so at a steadier pace compared to the previous decade.
Future trends to watch include the impact of technological advancements on service delivery, evolving consumer preferences for sustainable and locally sourced food, and potential regulatory changes in the labor market. Additionally, monitoring the recovery and subsequent demands in the post-pandemic travel and tourism sectors will be crucial for understanding longer-term employment trends in this industry.