The employment in the travel services sector in Sweden has generally shown a declining trend from 2013 to 2023. In 2023, employment in the sector was at 5.77 thousand employees. Over the past two years, the year-on-year variations were -14.21% in 2022 and -4.64% in 2023. Over the last five years, the Compound Annual Growth Rate (CAGR) averaged -3.56% per year. The forecast from 2024 to 2028 continues this declining trajectory with a 5-year CAGR of -4.31%, projecting a significant reduction in employment down to 4.41 thousand employees by 2028.
Future trends to watch for include:
- Technological advancements reducing the need for traditional roles.
- Changes in travel behaviors and preferences affecting demand.
- Potential impacts of global economic conditions and geopolitical events.
