Over the past several years, household expenditure on accommodation services in Italy has shown significant fluctuations. Following a steady increase from 2013 to 2019, the expenditure peaked at 27.47 billion euros. However, it plunged dramatically in 2020, by 55.39%, due to the pandemic. This was followed by a substantial rebound of 64.31% in 2022, reaching 27.77 billion euros. The expenditure saw a decline of 18.03% in 2023, decreasing to 22.76 billion euros.
Looking forward, the forecast indicates a gradual decline in household expenditure on accommodation services. The expenditure is projected to decrease from 22.54 billion euros in 2024, reaching 21.66 billion euros by 2028. The negative year-on-year variation reflects a cautious outlook, with a forecasted 5-year CAGR of -0.79% and a forecasted 5-year growth rate of -3.89%.
Future trends to watch for include:
- Potential economic recovery and its impact on household spending
- Changes in domestic and international tourism dynamics
- Evolution of remote work trends affecting travel and accommodation demand
- Impact of inflation and fluctuating disposable incomes on expenditure
- Potential regulatory changes within the accommodation services sector
