The turnover of accommodation and food services in Finland stood at €7.84 billion in 2023. From 2013 to 2019, the sector experienced steady growth, averaging year-on-year increases between 1.1% and 5.46%. However, 2020 saw a significant drop of 26.05%, attributed to the COVID-19 pandemic. Recovery began in 2021 with a notable 20.3% increase, continuing through 2022 and 2023 with growth rates of 11.43% and 7.78%, respectively.

Looking ahead, the sector is forecast to grow steadily, reaching €8.64 billion by 2028. The compound annual growth rate (CAGR) from 2024 onwards is projected at 1.53%, indicating moderate but consistent expansion.

Future trends to watch for:

Impact of digital transformation and automation on service efficiency.
Rising demand for sustainable and eco-friendly services.
Potential effects of economic fluctuations and geopolitical factors.
Shifts in consumer preferences towards experiential dining and staycation trends.