In 2023, the production in the Accommodation and Food Service Activities sector in Italy was valued at 93.33 billion Euros. The forecasted data from 2024 to 2028 shows a steady growth trend with values projected at 94.44, 95.55, 96.66, 97.75, and 98.84 billion Euros respectively. The year-on-year percentage increase from 2023 to 2024 is approximately 1.19%, highlighting a gradual upward trend. Over five years, the Compound Annual Growth Rate (CAGR) is estimated at around 1.44%, suggesting consistent annual growth in the sector.
Future trends to watch include:
- The impact of technological integration in enhancing customer experience and operational efficiency.
- Shifts in consumer preferences toward sustainable and locally-sourced products.
- The influence of global economic conditions and tourism trends on sector dynamics.
