In 2023, the household expenditure on accommodation services in the UK stood at a value of 458 Euros per capita. From 2024 onwards, the forecasted data show a steady increase in expenditure. Specifically, the values are predicted to rise from 465.63 Euros per capita in 2024 to 495.33 Euros per capita by 2028. The year-on-year variation percentages for 2024 to 2025 are approximately 1.7%, from 2025 to 2026 are around 1.6%, from 2026 to 2027 are roughly 1.5%, and from 2027 to 2028 are approximately 1.5%. The projected CAGR from 2024 to 2028 is about 1.6%.
Future trends to watch for include potential impacts of inflation on accommodation costs, shifts in consumer spending behaviors due to economic conditions, and the influence of emerging accommodation alternatives such as short-term rentals and the sharing economy. Additionally, monitoring regulatory changes and their effects on the accommodation industry could offer insights into future expenditure patterns.
