France's inbound tourism expenditure on accommodation services has experienced significant fluctuations over the past decade. In 2013, the expenditure stood at 11.73 billion Euros, rising to 12.05 billion Euros in 2014. A notable decline occurred in 2015, with a year-on-year decrease of 16.38%, followed by a remarkable spike of 70.42% in 2016. From 2017 to 2019, the expenditure showed consistent growth, peaking in 2019 at 22.3 billion Euros.
The 2020 pandemic caused a sharp drop of 52.91% in tourism expenditure. However, the sector began recovering with a 49.26% rise in 2021 and a substantial 29.06% increase in 2022. By 2023, the expenditure had climbed to 23.92 billion Euros, reflecting an 18.25% year-on-year growth.
Looking ahead, the forecast for 2024 through 2028 projects continued growth, with annual increases leading to an anticipated expenditure of 30.22 billion Euros in 2028. The forecasted compound annual growth rate (CAGR) over the next five years is 3.69%, cumulatively growing by 19.89% by 2028.
Future trends to watch for include the impact of global economic conditions on tourism, evolving traveler preferences towards sustainable and experiential travel, and advancements in digital technology enhancing the tourist experience. These factors could significantly influence the trajectory of inbound tourism expenditure in France.
