Inbound tourism expenditure on sports and recreation services in Sweden has shown significant fluctuations from 2015 to 2023. In 2023, the value stood at 1.34 billion Swedish Kronas. From 2015 to 2017, there was a notable decline, followed by a brief recovery period from 2018 to 2019. The expenditure faced a sharp decline in 2020 primarily due to the pandemic, with a 42% drop. However, there was a recovery trend from 2021 to 2023, with a 4.53% year-on-year increase in 2023.
Over the last two years (2022-2023), the expenditure increased by 4.53% and 8.3% respectively. The recent Compound Annual Growth Rate (CAGR) over the last five years has shown a decreasing trend at -3.27%. Looking ahead, the forecast till 2028 suggests a continued decline with a 5-year CAGR of -3.45%, leading to a projected reduction of 16.11% by 2028.
Future trends to watch for include recovery strategies post-pandemic, changes in international travel behaviors, and the impact of economic conditions on tourism expenditure. Monitoring policy changes, marketing initiatives by Sweden's tourism authorities, and global sporting events hosted in Sweden will be critical in influencing future trends.
