The number of hospitality enterprises in the UK is projected to increase steadily from 19.15 thousand in 2024 to 20.04 thousand in 2028. This consistent growth signifies a year-on-year percentage increase of approximately 1.2% to 1.3%. Over the five-year forecast period from 2024 to 2028, the compound annual growth rate (CAGR) is estimated at around 1.1%, highlighting a stable expansion trend within the sector.
Future trends to watch for:
- Emerging technologies enhancing customer experience
- Sustainability practices becoming a differentiator
- Potential impacts of economic factors and regulatory changes
- Shifts in consumer preferences towards experiential offerings
