The inbound tourism expenditure on tourism characteristic products in France has shown considerable fluctuations over the past decade. From a value of 34.68 billion euros in 2013, it peaked at 47.2 billion euros in 2019 before plummeting to 22.9 billion euros in 2020 due to the pandemic. The recovery started in 2021 with a 53.51% increase, reaching 44.02 billion euros in 2022, and further growing by 15.38% in 2023, reaching 50.79 billion euros in volume. The last five years witnessed a CAGR of 1.81%. Future forecasts suggest a steady increase, with an expected growth rate of 2.41% CAGR over the next five years, reaching 59.13 billion euros in 2028.
Future trends to watch for:
- Strengthened focus on sustainable and eco-friendly tourism practices.
- Increased tourism from emerging markets (e.g., Asia).
- Technological advancements enhancing tourist experiences.
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