The Value Added of Accommodation and Food Services in the US has been showing a consistent upward trend. In 2023, it stood at X billion USD (you may need to insert the actual figure for 2023). Forecast data from 2024 to 2028 shows an annual increase in value, with the value projected to rise from 674.67 billion USD in 2024 to 783.96 billion USD by 2028.
Year-on-year variations indicate an approximate increase of:
- 4.1% from 2024 to 2025
- 3.9% from 2025 to 2026
- 3.7% from 2026 to 2027
- 3.6% from 2027 to 2028
The Compound Annual Growth Rate (CAGR) over this 5-year period stands at around 3.84%, showcasing steady growth in the sector.
Future trends to watch for include the impact of technological advancements on service efficiency, the potential influence of economic policies on consumer spending, and the shifting consumer preferences towards sustainable and health-oriented services.
