In 2023, the production volume of accommodation and food services in Switzerland stood at 23.40 Billion Swiss Francs. Forecast projections from 2024 to 2028 show a steady increase: 2024 is forecasted at 23.41 Billion, 2025 at 23.43 Billion, 2026 at 23.44 Billion, 2027 at 23.46 Billion, and 2028 at 23.47 Billion. Observing the year-on-year percentage variation for the last two years:
- 2023 to 2024: +0.04%
- 2024 to 2025: +0.09%
CAGR for the last 5 years: +<0.06%
Future trends to watch for:
- Technological advancements and their adoption in streamlining operations.
- Potential impact of regulatory changes on the industry.
- Shifts in consumer behavior towards sustainability and local experiences.
- Effects of global economic conditions on travel and spending patterns.