The number of persons employed in travel services in Canada is forecasted as follows:
- 2024: 42.39
- 2025: 42.04 (YoY: -0.83%)
- 2026: 41.69 (YoY: -0.83%)
- 2027: 41.35 (YoY: -0.82%)
- 2028: 41.02 (YoY: -0.80%)
The compound annual growth rate (CAGR) over the 5-year period from 2024 to 2028 is -0.83%.
Future Trends: The employment in the travel services sector is showing a steady decline. Key factors to watch include technological advancements, changing consumer behavior towards digital travel services, and potential regulatory changes impacting the industry.
