From 2013 to 2023, inbound tourism expenditure on food and beverage serving services in Denmark displayed significant fluctuations. After an initial period of growth from 2013 to 2017, there was a marked increase in 2017 followed by a slight decline in 2019. The COVID-19 pandemic had a severe impact in 2020, leading to an unprecedented drop of 63.22% year-on-year. The sector showed recovery signs in 2021 with a 93.75% increase and continued the recovery trend into 2022 and 2023. As of 2023, expenditure stood at 11.33 Billion Danish Krones, reflecting a 19.85% increase from 2022.
Future trends to watch for include continued recovery and steady growth in inbound tourism expenditure, with a forecasted CAGR of 3.12% from 2023 to 2028. This implies a moderately optimistic outlook for the sector, potentially reaching 13.8 Billion Danish Krones by 2028. Factors influencing this trend will include global travel patterns, economic stability, and Denmark's competitiveness as a tourist destination.
