From 2013 to 2023, the number of persons employed in Accommodation and Food Services in Chile displayed a growing trend, increasing from 296.8 thousand in 2013 to 406.7 thousand in 2023. This represents a 2.01% year-on-year increase for 2023, with a compound annual growth rate (CAGR) of 1.93% over the last five years.
Year-on-year variations in recent years have generally slowed, moving from a high of 5.81% in 2018 down to 2.01% in 2023. This trend indicates a gradual deceleration in employment growth within the sector.
Future trends in employment within the Accommodation and Food Services sector are expected to continue increasing, reaching 444.4 thousand by 2028. The forecasted CAGR for the next five years is 1.4%, with an overall growth rate of 7.21%. Trends to watch include technological advancements in service delivery, shifts in consumer behavior towards online bookings and deliveries, and potential impacts of economic shifts or tourism industry dynamics on employment numbers.
