The wages and salaries in the accommodation and food services sector in France show a steady upward trend from 2024 to 2028, with values forecasted to rise from 33.13 billion Euros to 38.14 billion Euros. This represents a consistent annual growth, with year-on-year increases approximating between 3.06% and 3.34% over the period. The forecasted compound annual growth rate (CAGR) over these five years is approximately 2.9% per annum, indicating a robust recovery and growth potential following years of economic upheaval.
Looking forward, several trends are noteworthy.
- Potential impacts from economic policy changes in the European Union.
- Technological advancements and automation in service delivery.
- Shifts in consumer preferences, such as an increasing demand for eco-friendly and sustainable services.
- The potential influence of global economic factors including inflation and currency volatility.