Based on the provided forecast data (in Billion Euros):
- 2024: 1.3
- 2025: 1.33
- 2026: 1.37
- 2027: 1.4
- 2028: 1.43
The year-on-year variations are as follows:
- 2025: (1.33 - 1.3) / 1.3 * 100 = 2.31%
- 2026: (1.37 - 1.33) / 1.33 * 100 = 3.01%
- 2027: (1.4 - 1.37) / 1.37 * 100 = 2.19%
- 2028: (1.43 - 1.4) / 1.4 * 100 = 2.14%
Over the last five years (2024-2028), the Compound Annual Growth Rate (CAGR) is approximately 2.75%.
Future Trends to Watch
As labour costs in the travel services sector continue to rise steadily in the Netherlands, industry stakeholders should monitor factors such as inflation, employment rates, and policy changes that could impact these costs. Technological advancements and automation may also influence future labour cost trends.
