In 2023, the number of self-employed persons in the accommodation and food services sector in Canada stood at approximately 42,000. The forecasted data from 2024 to 2028 shows a consistent decline: a 2.5% decrease from 2024 to 2025 and a stabilization from 2025 to 2026, followed by another 2.6% decline by 2027. The projected Compound Annual Growth Rate (CAGR) from 2024 to 2028 is negative.

Future trends to watch for include:

The impact of automation and technology adoption on self-employment in the sector.
Changing consumer behaviors post-pandemic potentially affecting demand.
Potential policy changes aimed at reinvigorating small businesses.