Forecast: Employees in Accommodation and Food Services Sector in Germany

The employees in the Accommodation and Food Services Sector in Germany saw steady growth from 2013 to 2019, peaking in 2019 at approximately 1.66 million persons. However, the sector experienced a sharp decline in 2020 and 2021, attributed to the impacts of the COVID-19 pandemic. Recovery began in 2022 and stabilized in 2023, with the number of employees reaching approximately 1.54 million.

From 2013 to 2019, the sector maintained an average annual growth rate (CAGR) of around 2%. The pandemic caused significant declines in 2020 and 2021 with negative growth rates of -8.53% and -7.03% respectively. The post-pandemic recovery witnessed an increase of 8.41% in 2022 but slowed to 0.65% in 2023. Forecast data for 2024-2028 suggests a modest average annual growth rate of 0.42%.

Future trends to watch for:

• Impact of economic conditions and potential recessions on the sector's employment figures.
• Long-term effects of digitalization and automation in the Accommodation and Food Services Sector.
• Changes in consumer behavior post-pandemic and how they affect employment recovery.
• Government policies and support measures to boost the sector’s employment.