Key Market Indicators
**French Accommodation Sector Forecast: Modest Growth and Competitive Rankings** **Paris, France** – The French accommodation industry is projected to see a slight increase in its capacity, with the number of bedplaces expected to reach approximately 977,000 by 2028, up from around 926,000 in 2023. This indicates a compound annual growth rate (CAGR) of 0.8%. Over the past decades, since 1995, the country's supply has experienced a decline of 1.1% year on year. In 2023, France was ranked third globally, with Spain surpassing it with the same number of bedplaces. Spain, France, and Germany held the second, third, and fourth positions, respectively. **Accommodation Expenditure Trends** French accommodation expenditure is anticipated to grow to €22.8 billion by 2028, rising from €20.7 billion in 2023. This reflects a CAGR of 1.5%. Since 1980, the demand for accommodation in France has seen a slight decrease of 0.1% year on year. In the 2023 rankings, France was third, with Italy overtaking it with expenditures matching the €20.7 billion mark. Italy, France, and Germany were ranked second, third, and fourth, respectively. **Revenue Projections in Accommodation Services** Revenue from French accommodation services is forecasted to reach €32.2 billion by 2028, up from €30.1 billion in 2023, marking a growth rate of 1.1% per year on average. Since 2010, the French market has shown a modest rise of 0.6% annually. In 2023, France was ranked fourth in this category, with Spain leading at the same €30.1 billion figure. Spain, France, and the United Kingdom secured the second, third, and fourth positions, respectively, in the global rankings. These projections highlight the competitive landscape of the European accommodation sector, with France maintaining strong but relatively modest growth in comparison to its neighbors.
