The production of accommodation and food services in Denmark showed steady growth from 2013 to 2019, reaching 76.45 billion Danish Krones in 2019. The sector experienced a dramatic decline in 2020 due to the global pandemic, with a sharp decrease of 42.54%. However, it rebounded strongly in 2021 with a 64.72% increase and continued to grow, reaching 84.19 billion Danish Krones in 2023. The average year-on-year increase over the past five years was 2.27%. Future projections indicate continued growth, with a forecasted CAGR of 1.77% from 2023 to 2028, reaching 93.52 billion Danish Krones in 2028.
Future trends to watch for:
- Digital transformation in booking and service delivery
- Increasing customization and personalization of services
- Sustainability and environmentally friendly practices
- Potential market disruptions from global economic changes or pandemics
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