The employment in the Accommodation and Food Service Activities sector in the UK has shown steady growth from 2013 to 2023, reaching 1.725 million FTEs by 2023. Over the last two years (2022-2023), the year-on-year growth rates were relatively stable at 1.3% and 1.26%, respectively. The Compound Annual Growth Rate (CAGR) over the last five years stood at 1.12%, indicating modest growth. Future projections maintain a positive trend, with employment expected to reach 1.8259 million FTEs by 2028, based on a forecasted 5-year growth rate of 4.58% and a CAGR of 0.9%.
Future trends to watch for include potential impacts of automation in food service, effects of policy changes post-Brexit, and shifts in consumer preferences towards sustainable and locally sourced food options. These factors could influence employment dynamics significantly in the coming years.
