Forecast: Tourism Employment in Restaurants in Australia

Tourism employment in restaurants in Australia stood at 198.1 thousand persons in 2023, reflecting a modest annual growth of 2.32%. The compound annual growth rate (CAGR) over the past five years was 2.24%, indicating a period of slow but steady growth from 2019 to 2023. Historical data shows that from 2013 to 2018, the industry experienced robust growth, with year-on-year variations frequently surpassing 5% and reaching as high as 11.01% in 2015. This trend moderated from 2019 onwards.

Future Trends to Watch:

• The forecasted CAGR from 2024 to 2028 is 1.59%, suggesting a continued but slower rate of growth.

• By 2028, employment is expected to have increased by approximately 8.2% from 2023 levels, reaching 219.1 thousand persons.

• Watch for impacts of global economic conditions and potential labor shortages, which can influence these forecasts.

• Technological advancements and changing consumer preferences may also drive significant changes in employment patterns.