In 2023, the self-employed population in the accommodation and food services sector in the US was recorded at 216.0 thousand units. From 2024 to 2028, a declining trend is observed with values decreasing from 215.0 to 210.0 thousand units, indicating a negative year-on-year growth. Specifically, the average annual decrease, or CAGR, for this period is approximately -0.5%. This decreasing trend suggests challenges in maintaining self-employment within the industry.
Future trends to watch:
- Impact of technological advancements and automation on self-employment opportunities.
- Evolving consumer preferences and demand for new dining experiences.
- Regulatory changes affecting the gig economy and its influence on self-employment.