As of 2024, the production value of accommodation and food services in Spain stood at 98.23 billion Euros. This marks a growth from the previous year, 2023, although the exact value for 2023 is not provided. Forecast data shows a steady upward trend with incremental increases each year:
- In 2025, the production value is predicted to grow to 102.38 billion Euros, indicating a year-on-year increase. - For 2026, the growth continues with the production value expected to rise to 106.48 billion Euros. - In 2027, it is forecasted to reach 110.55 billion Euros, maintaining the growth momentum. - By 2028, the production value is projected to climb further to 114.58 billion Euros.
These projections illustrate an annual average growth rate (CAGR) over the five-year period which is noteworthy. Analyzing these trends, several future trends to watch for include potential impacts from economic conditions, fluctuations in tourism, and changes in consumer behavior, all of which could influence the production value in the accommodation and food services sector.
