In 2023, the wages and salaries in the accommodation and food services sector in France stood below 36.26 billion Euros. The forecast from 2024 to 2028 indicates a steady upward trajectory from 36.26 to 39.07 billion Euros, representing a consistent year-on-year growth. Between 2024 and 2028, the annual growth rate remains persistently positive, highlighting a healthy expansion in compensation within this industry.
Looking ahead, important trends to monitor include:
- Potential impacts of inflation on wage growth and its effect on consumer prices.
- Legislative changes affecting minimum wage policies and labor contracts in France.
- Technological advancements and their influence on workforce needs and productivity.