The turnover of Accommodation and Food Services in Spain is forecasted to rise steadily from 96.67 billion Euros in 2024 to 107.44 billion Euros in 2028. This upward trend marks a consistent growth over the forecasted years, indicating a healthy recovery and expansion within the sector. The year-on-year percentage variation shows modest increases, with approximately 3.05% growth from 2024 to 2025, 2.8% from 2025 to 2026, 2.54% from 2026 to 2027, and 2.32% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period is approximately 2.6%, signaling a stable and sustainable growth trajectory.
Future trends to watch for include potential impacts from shifts in tourism patterns, changes in consumer preferences towards sustainability, and technological advancements in food services. Additionally, economic variables such as inflation, exchange rates, and local economic policies could further influence turnover in this sector. Monitoring these factors will be crucial for accurate future forecasting and strategic planning.
