As of 2023, the number of self-employed individuals in the UK's accommodation and food services sector was roughly 166,000. The forecast from 2024 to 2028 predicts a steady increase in the number of self-employed persons, rising from 167,000 to 171,000. The year-on-year growth rate is consistent at approximately 0.6%, with a similar compound annual growth rate (CAGR) projected over the five-year period.
Future trends to watch for:
- The impact of economic changes, potentially affecting consumer spending in hospitality.
- Technological advancements enabling easier entry for small-scale entrepreneurs.
- The influence of regulatory changes on freelance operations in the sector.