Household expenditure on restaurants and hotels in Finland reached 7.85 billion Euros in 2023, down 8.01% from the previous year. Despite this dip, the spending has shown a general upward trajectory from 2013 to 2019, with a notable decline in 2020 due to the pandemic (-24.42%). Post-pandemic recovery was strong in 2022 with a 31.07% increase, although 2023 saw a slight pullback. Over the last two years, the expenditure showed a mixed trend, influenced heavily by the recovery phase from the pandemic. The five-year CAGR for 2023 stands at -0.097%, reflecting the volatile recovery post-pandemic. Moving forward, the forecast period up to 2028 suggests a moderate growth with a 5-year CAGR of 1.18%.

The key future trends to watch for include:

The impact of inflation on household spending power.
Changes in consumer preferences towards dining out and staying in hotels post-pandemic.
Rising digital and delivery services in the restaurant industry.
Economic policies that may influence disposable incomes.
Potential resurgence of international tourism impacting hotel revenues.