In 2023, the turnover of the Accommodation and Food Services sector in Italy stood at 94.3 billion Euros. The forecasted data indicates a steady upward trend from 2024 to 2028, with the turnover expected to reach 99.77 billion Euros by 2028.
- 2024: 1.17% YoY increase.
- 2025: 1.17% YoY increase.
- 2026: 1.14% YoY increase.
- 2027: 1.11% YoY increase.
- 2028: 1.08% YoY increase.
The last two years (2024 and 2025) show steady growth while the compounded annual growth rate (CAGR) over the five-year period is 1.13%, reflecting moderate but consistent expansion.
For future trends, watch for potential impacts from economic factors, changes in tourism demand, technological advancements in service delivery, and evolving consumer preferences, which could influence the sector's performance.