The remuneration in the Accommodation and Food Service Activities sector in Brazil is projected to grow from 63.63 billion Brazilian Reals in 2024 to 71.36 billion in 2028. This shows a steady increase, highlighting a recovery and positive trend after challenges faced in previous years. Over the five-year forecast period, this translates to a Compound Annual Growth Rate (CAGR) of approximately 2.89%. Year-on-year percentage growth from 2024 to 2028 indicates a consistent upward trajectory, reflecting robust sectoral growth prospects amidst economic stabilization.
Future trends to watch for include:
- Potential economic impacts of global and local economic shifts on consumer spending.
- Technological advancements driving operational efficiencies in the sector.
- Policy changes affecting labor costs and sectoral regulations.
- The impact of tourism influx on accommodation and food service demand.