In the UK Accommodation and Food Service Activities sector, the estimated number of enterprises is projected to grow from 168.36 thousand in 2024 to 175.81 thousand in 2028. In 2023, the sector had approximately 167.00 thousand enterprises, reflecting a modest growth trajectory. The year-on-year growth rate is expected to average around 1% annually.
Future trends to watch include:
- Digital transformation and adoption of technology for enhanced customer experience.
- Shifts in consumer preferences towards sustainable and locally sourced food options.
- Impact of regulatory changes and economic factors on enterprise growth.
- Potential influence of global travel trends and immigration on the sector.