Forecast: Hospitality Employment in Spain

The hospitality employment in Spain has shown considerable fluctuations over the past decade. Employment numbers declined marginally in 2013 but began to recover in 2014 with a significant increase observed in the three years following, peaking in 2018. However, the sector experienced a dramatic drop in 2020 due to the pandemic, remaining suppressed in 2021. The recovery phase initiated in 2022 and continued strongly into 2023 with a 24.65% and 6.1% year-on-year growth respectively. As of 2023, employment stood at 420.39 thousand employees, with a CAGR of 0.54% over the last five years.

Looking forward, the forecast indicates a steady growth trend with employment expected to reach 449.82 thousand by 2028. The forecasted 5-year CAGR stands at 1.08%, representing a moderate annual increase. Future trends to watch for include the impact of technological advancements on staffing needs, potential economic fluctuations, and evolving tourism patterns influenced by global events and consumer preferences. Additionally, policy changes and sustainability practices within the industry could play pivotal roles in shaping the employment landscape.

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