The number of self-employed persons in the accommodation and food services sector in the US is forecasted to experience a gradual decline from 2024 to 2028. Starting from 219,000 persons in 2024, the figure is expected to decrease to 212,000 by 2028. This represents an average annual decline rate of approximately 0.68% over the five-year period. As of the actual data from 2023, there is an overarching trend of contraction in self-employment within this industry.

Future trends to watch for:

The impact of technological innovations and automation on self-employment opportunities.
Changes in consumer preferences and how they might influence entrepreneurial opportunities.
Regulatory changes and economic conditions affecting small businesses in the sector.