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Report: Hospitality sector to add 822,700 jobs by 2033

Accommodation employment is expected to increase by 124,700 jobs

Report: Hospitality sector to add 822,700 jobs by 2033

ONE IN EIGHT new jobs created over the next nine years will be in the hospitality and leisure sector, according to the Bureau of Labor Statistics. The U.S. hospitality industry is projected to add about 822,700 jobs between 2023 and 2033.

This growth marks the third-largest increase among all major sectors, following business services and healthcare and social assistance.


“As of 2023, leisure and hospitality recovered all jobs lost during the pandemic in 2020,” BLS stated in a blog post. “Employment is projected to grow from 16.6 million today to 17.4 million by 2033. The sector comprises three main industries: accommodation; food service and drinking places; and arts, entertainment, and recreation.”

Accommodation employment is expected to grow by 124,700 jobs, driven by increased leisure travel demand. Most of these roles will be in hotel, motel and resort desk clerks and food service positions such as cooks.

More than 200 hoteliers from more than 30 states attended the American Hotel & Lodging Association's 'Hotels on the Hill' event on May 18 to lobby Congress for an H-2B Returning Worker Exemption. The association also released an economic analysis showing that U.S. hotels support 8.3 million jobs, or nearly one in 25 American jobs.

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Peachtree Group Backs The Briad Group’s Retail Expansion

Peachtree backs Briad’s retail expansion

Summary:

  • Peachtree to provide up to $200M to Briad for retail expansion.
  • Private credit platform to fund 2–4 Circle K stores and mini-travel centers yearly.
  • Peachtree has provided Briad $100M+ for hotel developments since 1999.

PEACHTREE GROUP IS expanding into the convenience and fuel retail sector, providing up to $200 million to The Briad Group to develop and acquire new sites. Its private credit platform will support two to four Circle K stores and mini Travel Center projects annually.

Each 7,000-square-foot location combines fuel, convenience retail and quick-service restaurants including Wendy's, Dunkin', Jimmy John's and Buffalo Wild Wings Go, Peachtree said in a statement.

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