The Accommodation and Food Services Output in Norway is forecasted to grow steadily from 10.53 billion Euros in 2024 to 11.22 billion Euros by 2028. Considering that the output stood at 10.4 billion Euros in 2023, the sector will see a moderate but consistent growth over the forecast period.
Key year-on-year percentage variations:- 2024: +1.25% from 2023- 2025: +1.61% from 2024- 2026: +1.68% from 2025- 2027: +1.56% from 2026- 2028: +1.54% from 2027The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is 1.53%.
Future trends to watch for in the accommodation and food services sector include the impact of increased tourism, technological advancements in service delivery, and sustainability practices influencing consumer choices and operational efficiencies.
