The employees in the Sports Activities, Amusement and Recreation Activities Sector in Canada exhibited fluctuating trends over the past decade. From 2013 to 2018, there was a generally positive increase in employee hours, peaking in 2018 with a value of 195.48 million hours. This upward momentum was interrupted in 2020 due to the pandemic, which caused a significant 31.85% year-on-year decline. Recovery was evident in 2021 and 2022, with notable year-on-year increases of 16.63% and 22.09%, respectively. However, 2023 saw a 6.05% decline, standing at 177.83 million hours. The five-year CAGR from 2019-2023 was -1.88%. Forecasts predict a modest annual growth with a five-year CAGR of 0.19%, reaching 180.09 million hours in 2028.
Future trends to watch for:
- Continued recovery and stabilization post-pandemic.
- Impact of technological advancements and digital transformation in the sector.
- Changes in consumer behavior and increased demand for virtual and hybrid recreational activities.
- Economic and policy changes impacting the leisure and recreation industry.