From 2013 to 2023, internal tourism expenditure on accommodation services for visitors in Sweden exhibited notable fluctuations. Between 2013 and 2019, the expenditure saw consistent growth, peaking at SEK 66.37 billion with a year-on-year variation of around 2.59% in 2019. However, the sector faced a substantial setback in 2020, with a dramatic 23.66% decline due to the pandemic. A significant recovery was observed from 2021 onwards, culminating in a value of SEK 70.48 billion in 2023, marking an 8.32% increase from the previous year. The Compound Annual Growth Rate (CAGR) over the last five years (2018-2023) stood at approximately 1.73%.
Looking ahead, forecasted data from 2024 to 2028 predicts a steady increase, with the expenditure expected to reach SEK 81.07 billion by 2028. The forecasted CAGR over the next five years (2024-2028) is estimated at 2.22%, reflecting a growth rate of approximately 11.61% over the entire period.
Future trends to watch for include the impact of further developments in digital booking platforms, the rise of sustainable tourism practices, and potential economic fluctuations which could affect disposable income and travel patterns. Furthermore, analysis of post-pandemic travel behaviors and the integration of health and safety measures in the accommodation sector will be critical in shaping future expenditure.
