Household expenditure on restaurants and hotels in Denmark is forecasted to increase steadily from 72.62 billion DKK in 2024 to 80.99 billion DKK in 2028. Given that this is a forecast, it marks a significant upward trend from the pre-forecast period. For context, this expenditure stood at 70 billion DKK in 2023.
- 2024: 72.62 billion DKK (3.7% YoY increase from 2023)
- 2025: 74.74 billion DKK (2.9% YoY increase)
- 2026: 76.85 billion DKK (2.8% YoY increase)
- 2027: 78.93 billion DKK (2.7% YoY increase)
- 2028: 80.99 billion DKK (2.6% YoY increase)
- 2024 - 2028: CAGR is approximately 2.9%
Future trends to watch for include shifts in consumer preferences towards sustainable dining and accommodation options, the impact of economic factors such as inflation, and advancements in technology affecting the service sector. Additionally, global travel trends and their influence on local hospitality demand could significantly shape this forecast.
