Forecast: Turnover of Hotels in France

The turnover of hotels in France has shown significant fluctuations from 2013 to 2023. Starting at 16.38 billion euros in 2013 and reaching 19.88 billion euros in 2023, the industry saw periods of moderate growth, with notable dips during 2019 and 2020. The sharp decline in 2020 was a result of the COVID-19 pandemic, leading to a 43.9% decrease. Post-pandemic recovery was swift, with notable increases of 44.16% in 2021 and 18.71% in 2022. The year-on-year variation for 2023 stood at 11.3%, and the compound annual growth rate (CAGR) over the last five years is -0.49%.

Forecasted data indicates a steady growth trend from 2024 to 2028, with the turnover expected to reach 21.32 billion euros by 2028. The forecasted 5-year CAGR is 1.11%, implying a moderate yearly growth rate, with an estimated growth of 5.68% over the five years.

Future Trends to Watch For:

• Recovery and possible overcompensation post-COVID-19 disruptions.
• Influence of global travel trends and economic conditions on the hospitality industry.
• Technological advancements and their integration into the hotel sector.