The forecast for permanent employment in Germany's Accommodation and Food Services sector from 2024 to 2028 shows a steady increase, starting at 1.05 million in 2024 and reaching 1.08 million by 2028. This represents a year-on-year growth of approximately 1% from 2026 onwards. In 2023, actual employment stood at 1.04 million. The compound annual growth rate (CAGR) over the five years ending in 2028 is expected to be modest, reflecting gradual sector recovery and stability.
Future trends to watch for:
- Impact of automation and technology on job roles and efficiencies.
- Potential influence of economic factors such as inflation and policy changes on employment levels.
- Customer behavior changes in service consumption post-pandemic.