The series on tourism employment in accommodation services in Australia indicates stable growth over the years. In 2023, the employment stood at 86.5 thousand persons. From 2013 to 2023, the sector showed periodic variations, with yearly growth peaking in 2015 at 6.04% and dipping marginally in some years. Over the last two years, the year-on-year variation remained minimal, with 0.23% growth in 2022 and a slight 0.12% increase in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stood at 0.12%.
Forecasts from 2024 to 2028 suggest a continued gradual increase in employment, with the accommodation services sector projected to reach 87.4 thousand persons by 2028. The forecasted 5-year CAGR is 0.16%, indicating a slow yet steady growth pattern.
Future trends to watch for include potential impacts of global economic conditions, changes in international travel policies, and the adaptation of the sector to new tourism dynamics post-pandemic. These factors could influence employment rates both positively and negatively.
