Forecast: Employment in Accommodation and Food Services Sector in Spain

The employment in Spain's accommodation and food services sector saw varied growth over the past decade. From 2013 to 2019, the sector experienced steady increases, peaking at 3.01 billion hours in 2018. However, the COVID-19 pandemic caused a severe drop in 2020, diminishing by 40.75% to 1.69 billion hours. This was followed by a gradual recovery, with significant increases in 2021 and 2022, returning to 3.02 billion hours by 2023. The sector is forecasted to continue its growth trajectory, reaching 3.35 billion hours by 2028, with a 5-year CAGR of 1.62%.

Recent decade trends:

  • 2013-2019: Steady growth with a dip in 2019.
  • 2020: Severe contraction due to the pandemic.
  • 2021-2023: Recovery and growth revival.

Looking ahead in 2024 and beyond, watch for:

  • Pandemic recovery effects and return to growth trends.
  • Impact of technological advancements in the sector.
  • Changes in consumer behavior and tourism patterns.

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