The employment in the Accommodation and Food Services sector in Norway is forecasted to increase steadily from 75.9 thousand units in 2024 to 79.9 thousand units in 2028. Given that we are currently in 2024, it is critical to note that in 2023 the actual employment stood at 75.0 thousand units. The year-on-year growth rates are projected at approximately 1.3% for 2025, 1.3% for 2026, 1.3% for 2027, and 1.3% for 2028, demonstrating a consistent upward trend over the years. The Compound Annual Growth Rate (CAGR) over the five-year period from 2023 to 2028 is estimated at about 1.3% per year.
Future trends to watch for include potential impacts from technological advancements in service automation, shifts in consumer preferences towards sustainable tourism, and changes in labor market policies. Monitoring these trends will be crucial for anticipating further developments in employment within this sector.
