In 2023, household expenditure on restaurants and hotels in Finland stood at 8.65 billion euros. This marked a 1.4% increase year-on-year from 2022, reflecting resilience post-pandemic. Over the past decade, significant fluctuations were observed, particularly in 2020 with a 24.42% decline due to the pandemic, followed by a 31.07% recovery in 2022. The 5-year CAGR leading into 2023 was 1.87%, indicating moderate annual growth.
Looking forward, forecasts project a gradual increase at a 5-year CAGR of 1.1%. By 2028, the expenditure is expected to reach 9.27 billion euros, representing a cumulative growth of 5.61% over the forecast period. Key trends to watch include the impact of economic conditions, tourist activity, and consumer confidence on discretionary spending in the hospitality sector.
