Forecast: Tourism Employment in Canada

Tourism employment in Canada displayed steady growth from 2013 to 2019, with year-on-year increases ranging from 1.46% to 3%. However, the sector experienced a severe decline in 2020, with a 30.66% drop due to the pandemic. A gradual recovery began in 2021, followed by a significant rebound in 2022 with a 35.94% increase. By 2023, tourism employment stood at 579.59 thousand jobs, achieving a year-on-year growth of 7.61%. The CAGR over the last five years is now positive at 0.8%. Forecasts anticipate sustained growth, reaching 607.87 thousand jobs by 2028, with a five-year CAGR of 0.76%.

Future trends to watch for include:

• Continued post-pandemic recovery with gradual employment increases.
• Potential impacts of geopolitical events and economic fluctuations on tourism.
• Influence of technological advancements and sustainable tourism initiatives.
• Changes in travel preferences and consumer behavior.