Forecast: Domestic Tourism Expenditure on Cultural Services in Sweden

Domestic tourism expenditure on cultural services in Sweden stood at 9.98 billion SEK in 2023. Over the past decade, there has been a noticeable fluctuation in spending. The earlier years saw a decline, particularly from 2013 to 2015, but the market rebounded with notable growth starting from 2016. The year-on-year change highlights significant volatility: a decrease of 22.37% in 2015 followed by a recovery of 12.96% in 2016. The CAGR from 2018 to 2023 was 3.85%, suggesting a positive upward trend in recent years.

Looking ahead, the forecasted data from 2024 to 2028 indicates a moderate and stable growth in domestic tourism expenditure on cultural services, with a forecasted CAGR of 0.72%. The expenditure is expected to increase gradually, reaching 10.44 billion SEK by 2028.

Future trends to watch for:

  • The impact of digital transformation on cultural tourism experiences.
  • Changing consumer preferences and demand for sustainable and eco-friendly tourism activities.
  • Potential economic fluctuations and their effects on discretionary spending.

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