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Sweden Hospitality Industry Outlook 2024 - 2028

See how Sweden Hospitality performed compared to key markets such as Germany, Spain and France.

Key Market Indicators

**Swedish Accommodation Services Revenue Forecast to Reach €6.9 Billion by 2028** The Swedish accommodation services market is projected to generate revenue of approximately €6.9 billion by 2028, up from around €6 billion in 2023. This marks an average annual growth rate of 2.2%. Since 2010, the industry has experienced a steady increase of 2.5% per year. In 2023, Sweden ranked 12th globally, with Poland surpassing it with €6 billion in revenue. Spain, France, and the United Kingdom occupied the second, third, and fourth positions, respectively. **Decline in Swedish Accommodation Establishments** The number of accommodation establishments in Sweden is expected to decrease to roughly 82,000 bedplaces by 2028, down from about 84,000 bedplaces in 2023. This indicates an average annual decline of 0.4%. Since 1995, the supply of bedplaces has fallen by 0.9% annually. In 2023, Sweden was ranked 17th, with Slovenia overtaking it with 84,000 bedplaces. Spain, France, and Germany were the second, third, and fourth largest markets in terms of accommodation establishments. **Accommodation Expenditure in Sweden to Rise to €2.3 Billion by 2028** Swedish expenditure on accommodation is forecasted to reach around €2.3 billion by 2028, up from €2.1 billion in 2023. This represents an annual growth rate of 1.5%. Since 1998, the country's demand for accommodation has increased by 2.6% per year. In 2023, Sweden ranked 12th in expenditure, with Poland surpassing it at €2.1 billion. Italy, France, and Germany ranked second, third, and fourth, respectively.

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Sweden Hospitality Market Data and Forecasts