The hospitality employment sector in Finland saw fluctuating trends from 2013 to 2023. Employment figures hovered between 12.7k to 14.3k employees annually, experiencing a significant dip in 2020 during the COVID-19 pandemic to 10k. However, it rebounded with a positive trend, reaching 14.55k employees in 2023, marking a year-on-year growth rate of 7.85%. The 5-year CAGR from 2018 to 2023 stands at 0.77%, depicting a gradual recovery.
Future trends indicate a steady annual increase in hospitality employment, with forecasts projecting a rise from 14.74k in 2024 to 15.5k by 2028. The projected 5-year growth rate is estimated at 5.15%, with a 5-year CAGR at 1.01%, suggesting a stable recovery trajectory for the sector.
Trends to watch include:
- Technological advancements in the hospitality industry
- Impact of sustainable and eco-friendly practices
- Changing consumer preferences post-pandemic
- Labour market dynamics and potential skill shortages
