The forecast for self-employed individuals in Canada's accommodation and food services sector shows a gradual decline from 35.12 thousand jobs in 2024 to 33.8 thousand jobs in 2028. Analyzing the year-on-year changes indicates a consistent downward trend, with a % variation becoming more modest each year. From 2024 to 2026, the average change is approximately -0.74% annually, signaling a declining pattern. The Compound Annual Growth Rate (CAGR) over the period from 2024 to 2028 is projected to be around -0.96%, indicating a steady decrease in self-employment within this sector.

Future trends to watch:

The impact of economic conditions and policy changes on small business sustainability in the sector.
Technological advancements and automation potentially reducing self-employment opportunities.
Changes in consumer behavior influencing demand for services.
The influence of global tourism trends on the local accommodation and food services industry.