The forecasted data for the Canadian accommodation and food services sector suggests a steady increase in employment from 1.3 million persons in 2024 to 1.35 million persons by 2028. This indicates a modest growth trend over the given period.

Year-on-year growth rates show small increments, reflecting a stable yet slow expansion: approximately 0.77% each year from 2024 to 2025, and similar incremental percentages in following years. By the end of 2028, the compound annual growth rate (CAGR) from 2024 stands at about 0.94%.

Future trends to watch for include:

The impact of rising technology use within the industry on employment demand.
Policy changes influencing immigration, which could affect labor supply.
Shifting consumer preferences, potentially driving new service models and affecting employment requirements.