What are the trends for the future? 
The employment level of hospitality and retail managers is expected to grow by 10 per cent between 2018 and 2030, a further increase following the 3 per cent growth over the period 2006 to 2018. Between 2018 and 2030 a projected 410,000 new jobs will be created. However, this job growth shall take place in only 6 of analysed European countries; in remaining 22 the employment of hospitality and retail managers will decline.
Figure 2: Future employment growth of hospitality & retail managers in European countries (2018-2030, in %)
Alongside the need to fill the new jobs which will be created is that of replacing people who are expected to leave the occupation between 2018 and 2030. This is projected to be 2.7 million. By adding this to the number of new job openings, it is apparent that around 3 million job openings will need to be filled between 2018 and 2030.
Figure 3: Future job openings of hospitality & retail managers (2018-2030)
These managers are mainly employed in wholesale and retail trade and accommodation and catering. The employment projections paint two different pictures for managers in these sectors: in wholesale and retail trade employment is projected to fall, while in accommodation and catering, employment is projected to increase. Aside from these core sectors, employment of the occupational group is projected to grow significantly in a number of sectors such as administrative and support services and real estate activities.
The qualifications profile is not expected to change much in the future. With regards to education level, in 2018, 22 per cent had low level qualifications and this expected to fall to 18 per cent in 2030. The corresponding figures for those with high level qualifications stood at 43 per cent in 2018 and will slightly decrease to 41 per cent in 2030. Some growth in those with high level qualification is expected – from 35 per cent being so qualified in 2018 to 41 per cent in 2030.
More information on employment trends for this occupation can be found here.