The internal tourism expenditure on accommodation services for visitors in France experienced significant fluctuations from 2013 to 2023. Initially, from 2013 to 2014, the expenditure grew marginally by 2%. However, it faced a dramatic decline in 2015 with a decrease of 42.61%, followed by a recovery phase showcasing a peak recovery of 23.04% in 2016. Despite periodic upturns and downturns, by 2023, the value stood at 31.57 Billion Euros, a 7.23% year-on-year increase.
Over the last two years, from 2021 to 2023, there was consistent growth, with expenditures rising 13.81% in 2022 and 7.23% in 2023. The five-year CAGR from 2018 to 2023 was negative at -1.32%, indicating an overall declining trend despite recent recoveries.
Future trends indicate a gradual decline, with forecasted reductions from 2024 onward, culminating in 28.93 Billion Euros by 2028. The forecasted five-year CAGR from 2024 to 2028 is -1.39%, signaling an overall contraction in internal tourism accommodation expenditures.
Trends to watch for include shifts in domestic travel patterns, potential impacts of economic factors on tourism expenditure, and emerging competition from alternative accommodation services like vacation rentals. Adapting to these changes could be crucial for sustaining growth in the tourism accommodation sector in France.
