Hospitality industry is an increasingly important industry in terms of job creation and the number of people it employs. As importantly, it shapes the image of Finland around the world. The jobs and tax revenue created by the hospitality industry all stay in Finland.
Hospitality sector as an employer
- The hospitality sector in Finland employs 128 700 professionals (2020) all over Finland.
- Over 30 % of the employees working in the hospitality industry are under 26 years of age.
- The hospitality industry’s workforce increased by 21 % between 2006 and 2019, while traditional manufacturing industries reduced their workforce.
Finnish hospitality industry and the national economy
- Revenue generated by tourism has declined to 9,7 billion euros (16,3 billion euros in 2019).
- The Finnish hospitality industry accounts for 1,7 % (2020) of Finland’s GDP (2,7 % in 2019).
Hospitality industry has a substantial growth potential
- The amount of foreign visitors travelling to Finland has more than doubled since 2000.
- 8.9 million visitors travelled to Finland in 2019.
- The growth trend of tourism suffered dramatically from the pandemic, but after the pandemic, domestic tourism in particular has recovered well.
- The recovery in the number of foreign tourists, from Russia and Asia in particular is being slowed by the effects of the war started by Russia.