In 2023, household expenditure on accommodation services in the UK was at 31.25 billion Euros. The forecasted figures show a consistent year-on-year increase in spending, from 31.83 billion Euros in 2024 to 34.29 billion Euros by 2028. The annual growth rates are approximately 1.98% from 2024 to 2025, 1.91% from 2025 to 2026, 1.84% from 2026 to 2027, and 1.78% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years is around 1.86%.

Future trends to watch for include:

Impact of economic factors such as inflation and household income growth on expenditure levels.
Potential shifts in consumer behavior towards more sustainable and eco-friendly accommodation services.
Influence of government policy changes related to housing and accommodation sectors.