Forecast: Number of Employees in Accommodation and Food Services in Finland

The number of employees in the Accommodation and Food Services sector in Finland has shown a consistent upward trend over the past decade. From 2013 to 2023, the number of employees increased steadily from 68.5 thousand to 81.1 thousand. In 2023, the sector stood at a value of 81.1 thousand employees. The year-on-year variation showed relatively stable growth, with notable increases in the years 2016, 2017, and 2018. Over the last two years, employment grew by approximately 1.12% annually, while the five-year CAGR stood at 0.91%, indicating moderate growth.

Looking ahead to the forecasted period from 2024 to 2028, the sector is expected to continue growing. Although at a marginally slower pace, a forecasted 5-year CAGR of 0.82% suggests steady expansion. The total growth expected by 2028 is around 4.15%, predicting an employee count of 85.4 thousand by that year.

Future Trends to Watch For:

• Technological advancements in service delivery and automation.
• Impact of global tourism trends on local employment.
• Potential shifts in consumer behavior post-pandemic.
• Policy changes affecting the labor market.