The turnover in Denmark's Accommodation and Food Service Activities sector stood at 71.25 Billion Danish Krones in 2023. The forecasted data from 2024 to 2028 indicates a steady increase in turnover, with values rising from 73.75 Billion DKK in 2024 to 80.47 Billion DKK in 2028. This represents a year-on-year growth of approximately 2.32% in 2025, 2.23% in 2026, 2.17% in 2027, and 2.10% in 2028. On a compounded annual growth rate (CAGR) basis, the sector is expected to grow by an average of 2.50% per year over the next five years.
Future trends to watch for:
- Impact of sustainability practices and eco-conscious tourism
- Technological advancements in booking and service delivery
- Changes in consumer preferences post-pandemic
- Development of infrastructure and new hospitality projects
- Economic policies affecting disposable income and travel behavior
