In 2023, labour costs in Italy's food and beverage service activities stood at a significant baseline, below the forecasted 25.27 billion Euros for 2024. Year-on-year growth is expected, rising by approximately 2.18% from 2024 to 2025, 2.09% from 2025 to 2026, 2.01% from 2026 to 2027, and 1.93% from 2027 to 2028. Over this five-year period, the compound annual growth rate (CAGR) is projected at 2.05%, indicating steady growth.
Future trends to watch for include:
- Potential impacts of economic policies on labor costs.
- Emerging technologies that could improve operational efficiency.
- Variations in consumer demand impacting service activity dynamics.
