The leisure employment sector in Australia has witnessed evident growth over the last decade with noticeable fluctuations. In 2023, employment stood at 34.9 thousand employees, marking a consistent upward trajectory after a brief stagnation around 2020. Year-on-year variations show significant growth spurts in 2017, 2018, and especially in 2021, reflecting economic recovery post-pandemic and a surge in domestic tourism. The average compound annual growth rate (CAGR) over the last five years stood at 1.44%, indicating moderate recovery and growth stability.
Future Trends to Watch:
- Technological advancements in the leisure sector driving employment.
- Shifts in consumer behavior post-pandemic, with a preference for domestic tourism.
- Potential impact of economic policies and global factors on employment stability.
- Emphasis on sustainable tourism and its impact on job creation.