The forecasted Accommodation and Food Services output in Germany exhibits a steady upward trend from 2024 to 2028. The industry is projected to grow from 98.07 billion euros in 2024 to 103.91 billion euros in 2028. This reflects a consistent year-on-year growth, indicative of a post-pandemic recovery within the sector, especially when compared to its 2023 standing of 96 billion euros. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 1.4%.
Future trends to watch for include the rise of digital and contactless services in accommodation and dining, the impact of sustainability practices on business models, and increasing consumer demand for personalized experiences. Additionally, external economic factors such as inflation and travel restrictions could influence these projections.
