Forecast: Foreign and Domestic Tourists Arrivals at Hotels in Denmark

The arrivals of foreign and domestic tourists at hotels in Denmark saw a steady upward trend from 2013 to 2019, with Compound Annual Growth Rates (CAGR) averaging between 3.32% and 6.54% during those years. The COVID-19 pandemic in 2020 led to a sharp decline of 46.17% in arrivals. Recovery began in 2021 with a significant year-on-year increase of 32.84%, further magnified by a 53.07% rise in 2022. However, 2023 saw a decline of 15.49% from the previous year, though the CAGR for the last five years hovered around -0.36%. Forecast data from 2024 onwards predicts a gradual growth, with a five-year CAGR of 1.42%, indicating a return to stability.

Future trends to watch for include:

• The impact of resumed international travel post-pandemic.
• Improvements in domestic tourism infrastructure and marketing.
• Potential economic factors affecting travel affordability.
• Emerging travel trends, such as eco-tourism and digital nomadism, that may affect tourist arrivals.