The total hours worked in the travel services sector in Canada is forecast to decrease from 2024 to 2028, starting at 72.37 million hours in 2024 and declining to 69.55 million in 2028. This represents an annual decline, with year-on-year decreases of approximately 1% to 1.1%. These forecasts suggest a consistent downward trend with a compound annual growth rate (CAGR) of around -0.98% over the five-year period.
Future trends to watch for include:
- Technological advancements that may further automate or transform job roles.
- Fluctuations in global travel demand impacting labor needs.
- Potential shifts in policy or economic conditions influencing the travel services sector.