The number of enterprises in the accommodation and food service activities sector in Brazil is forecasted to grow steadily from 2024 through 2028, with an increase from approximately 283,760 in 2024 to 294,540 in 2028. This represents a consistent annual growth rate as the market continues to expand. In 2023, the number of enterprises was a foundational data point, setting the stage for the projected growth trajectory.
Year-on-year variations indicate a positive growth trend, with the compound annual growth rate (CAGR) demonstrating consistent progression over this period.
Future trends to watch for include the impact of economic shifts on entrepreneurial activity and consumer demand in the hospitality sector, technological advancements enhancing service delivery, and evolving consumer preferences that may influence the types and sizes of enterprises entering the market.
