From 2016 to 2023, the wages and salaries in the event catering industry in Spain have shown notable fluctuations. Starting from 425.6 million euros in 2016, there was a modest increase in 2017 by 1.2%, followed by a significant jump in 2018 with a 13.09% rise. The sector experienced a sharp downturn in 2019 with an 11.95% drop and an even steeper fall in 2020 by 35.7% due to the pandemic's impact, reflecting a CAGR of -13.81% over these years. However, a strong recovery began in 2021 with a 36.73% increase, continuing into 2022 with a 14% rise, and closing 2023 with an 8.42% growth, reaching 466.1 million euros, reflecting a 19.11% CAGR since 2018. Looking ahead, forecasts suggest steady, if slow, growth with an average annual increase of around 0.25% from 2024 to 2028.
Future trends to watch for include the potential impact of technological advancements and automation on labor costs, changes in consumer demand for event catering services, and the ongoing economic recovery post-pandemic. Additionally, sustainable and health-conscious catering might drive new shifts in wage structures within the industry.
