Forecast data for household expenditure on accommodation services in Germany shows a steady increase from 20.19 billion euros in 2024 to 21.67 billion euros in 2028. Comparing this with the actual expenditure of 19.85 billion euros in 2023, this represents a consistent year-on-year growth.
The year-on-year variation is as follows:
- 2024: 20.19 billion euros (+1.71%)
- 2025: 20.56 billion euros (+1.83%)
- 2026: 20.94 billion euros (+1.85%)
- 2027: 21.30 billion euros (+1.72%)
- 2028: 21.67 billion euros (+1.74%)
Last two years show an annual variation around 1.74% and the compound annual growth rate (CAGR) over the last five years is approximately 1.77%.
Future trends to watch for include shifts in consumer preferences towards sustainable and eco-friendly lodging options, increased competition from alternative accommodation services, and potential economic fluctuations which could impact discretionary spending on travel and accommodation.
