Forecast: Household Expenditure on Hotels, Cafes and Restaurants in France

Household expenditure on hotels, cafes, and restaurants in France showed steady growth from 2013 to 2019, reflecting consistent positive year-on-year variations. However, 2020 witnessed a significant decline of 15.54% due to the COVID-19 pandemic, followed by a remarkable rebound in 2021 with an increase of 16.39%. By 2023, the expenditure stood at €92.44 billion, representing a year-on-year growth of 1.57%. The Compound Annual Growth Rate (CAGR) over the past five years up to 2023 was 1.7%, indicating a moderate upward trend.

Forecasts suggest a continuous growth trajectory, with household expenditure expected to reach €99.65 billion by 2028, reflecting a 5-year CAGR of 1.24%. This indicates sustained but moderate growth in the sector.

Future trends to watch for include:

• Potential impact of economic fluctuations on household expenditure.
• Changes in consumer behavior and spending patterns post-pandemic.
• Emerging trends in sustainable and eco-friendly tourism and dining options.