The Value Added of Accommodation and Food Services in France stood at 66.23 billion Euros in 2023. The forecast for 2024 is 68.62 billion Euros, marking a 3.62% year-on-year increase. Moving further, the value in 2025 is expected to reach 70.1 billion Euros (2.16% increase), followed by 71.56 billion Euros in 2026 (2.08% increase), 72.99 billion Euros in 2027 (2.00% increase), and 74.39 billion Euros in 2028 (1.92% increase). The CAGR over the forecasted five years is approximately 2.19%.
Future trends to watch for:
- Increased focus on sustainable tourism and eco-friendly accommodations.
- Rising impact of digital transformation and online booking platforms.
- Potential fluctuations due to geopolitical developments and global economic conditions.
- Evolving consumer preferences towards unique, localized experiences and healthier food options.