In 2023, the total internal R&D personnel in the UK's accommodation and food service activities were below 988.7 FTEs. The forecast for 2024 indicates a total of 988.7 FTEs, projecting a steady growth to reach 1,110 FTEs by 2028. The year-on-year growth rates from 2024 to 2028 show a gradual increase, with a compound annual growth rate (CAGR) reflecting a consistent upward trend.
Future trends to watch for:
- Innovative solutions and new technologies are likely to drive the need for more R&D personnel to stay competitive.
- Emerging consumer preferences and sustainability initiatives could further increase demand in this sector.
- Government policies and grants focusing on R&D could incentivize increased investments and workforce expansion.