Forecast: Accommodation and Food Services Output in Denmark

The Accommodation and Food Services Output in Denmark has shown a stable trend from 2013 to 2019, with minimal fluctuations around the value of 1.8 to 1.9 units of total. The sector experienced a sharp decline in 2020 by 26.32%, likely due to the impact of the COVID-19 pandemic, but it recovered with increases of 14.29% in 2021 and 12.5% in 2022. By 2023, the output returned to 1.9, matching pre-pandemic levels.

For the period of 2024 to 2028, the forecast indicates a stable output, consistently remaining at 1.9 units of total. This implies no expected growth or decline, with a forecasted 5-year Compound Annual Growth Rate (CAGR) of 0%.

Future trends to watch for include:

  • Potential changes in consumer behavior and travel patterns post-pandemic.
  • Impact of regulatory changes or economic policies on the hospitality sector.
  • Technological advancements and digitalization in the service industry.
  • Environmental sustainability practices influencing accommodation and dining preferences.

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