Forecast: Remuneration in Accommodation and Food Service Activities Sector in Brazil

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.

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