From 2013 to 2019, the production volumes of accommodation and food services in the Netherlands experienced a steady annual increase, including notable rises of 5.46% in 2015 and 5.08% in 2016. Despite a slight deceleration in 2019, the sector was on an upward trend until 2020, when it saw a significant drop of -43.18% due to the COVID-19 pandemic. Recovery was notable in 2021 with a 62.99% year-on-year increase, following a substantial rebound. By 2022, growth had stabilized, and by 2023, production volumes stood at 29.29 Billion Euros with a 1.33% rise from the previous year. The overall CAGR for the last five years up to 2023 is 1.16%, reflecting a recovering yet cautious pace.
Future forecasts to 2028 suggest an annual average growth rate (CAGR) of approximately 1.07%, projecting a more stable and steady rise in production volumes. This growth indicates a maturing market reaching higher levels of stability. By 2028, the sector is expected to achieve a cumulative 5.46% increase.
Trends to watch for in the future include digital transformation in service delivery, increased demand for sustainable and eco-friendly services, and the impact of changing travel preferences due to economic factors and evolving consumer behaviors. Monitoring these trends will be essential for maintaining competitiveness and fostering growth in the sector.
