In 2024, the accommodation sector in Canada is projected to employ 155.77 thousand individuals, with a gradual decreasing trend through to 2028, reaching 152.02 thousand jobs. From 2024 to 2028, there is an observed year-on-year decline in employment: about 0.6% in 2025, 0.61% in 2026, 0.61% in 2027, and 0.61% in 2028. Assuming a consistent trend, the compound annual growth rate (CAGR) from 2024 to 2028 is a slight negative.
Future trends to watch for include:
- Impact of technological advancements and automation on job roles in the accommodation sector.
- The influence of economic conditions, including potential recessions or booms, affecting travel and accommodation demand.
- Shifts in consumer preferences towards alternative accommodations, such as short-term rentals.
