The employment in the travel services sector in Finland has seen fluctuating trends over the past decade. It fell from 6.5 million hours in 2013 to a low of 4.3 million hours in 2021 due to the pandemic, before rebounding to 7.4 million hours in 2023. This exhibits resilience in the sector, recovering sharply in 2022 (60.47%) and continuing positively into 2023 with a year-on-year increase of 7.25%. The compound annual growth rate (CAGR) from 2018 to 2023 stands at 1.12%.
Looking ahead, the employment is forecasted to grow steadily, reaching 7.8 million hours by 2028. With a forecasted 5-year CAGR of 0.79% and an overall growth rate of 4%, the sector is expected to stabilize and grow moderately post-pandemic.
Future trends to watch include:
- Adoption of digital technologies and automation in travel services
- Increased emphasis on sustainability and eco-friendly travel options
- Recovery pace of international tourism impacting employment patterns
- Potential impacts of global economic conditions and travel restrictions
