The Accommodation and Food Service Activities Sector in Germany is projected to see a rising trend in employee numbers from 2024, starting with 2.6056 million employees and reaching 2.9193 million by 2028. By examining the last two years, the sector experienced consistent growth, indicating recovery and expansion imperatives post-2023. The five-year compound annual growth rate (CAGR) shows a healthy increase in workforce numbers, reflecting robust demand recovery and potential economic growth.
Future trends to watch for include:
- Growth in sustainable tourism impacting employment.
- Integration of technology in service delivery influencing skill requirements.
- Potential economic shocks or policy changes affecting sector dynamics.
