Hospitality
Hospitality Occupations
Employment growth was below average for this occupational group, although employment has grown steadily since 2022, having seen significant falls during the COVID-19 pandemic. The relatively high volume of recent job hires and job leavers point to a high level of job churn (most likely related to a high share of students working in hospitality occupations such as waiters, bar staff and kitchen assistants).
Data from the Central Bank Bulletin indicates that personal consumption is expected to grow, albeit at a more modest rate, due to rising real wages and stable employment levels, which should have a positive impact on demand for hospitality occupations, although a fall in tourist numbers would likely have a negative effect.
Shortage:
· Chefs