The accommodation and food services sector in Canada is projected to grow moderately from 2024 to 2028, with the total hours worked forecasted to increase from 1.75 billion hours in 2024 to 1.80 billion hours in 2028. This indicates a consistent growth pattern, with an average annual increase of approximately 0.69% over the five-year period. In the preceding year, 2023, total hours worked stood at 1.74 billion hours.
Future trends to monitor include:
- Technological advancements influencing employee efficiency and possibly reducing labor hours despite output growth.
- Potential demographic shifts affecting labor supply in the hospitality industry.
- Economic factors such as inflation or changes in consumer spending habits that could impact demand for accommodation and food services.
