The turnover in Brazil's Accommodation and Food Service Activities sector is forecasted to grow steadily from 2024 to 2028. In 2023, the sector's turnover stood at 188.25 billion Brazilian Reals. The projected values indicate a year-on-year increase, highlighting a consistent upward trajectory beginning at 193.8 billion in 2024 and reaching 216.61 billion by 2028.
Key Insights:
- 2024 sees an anticipated growth of 2.94% compared to 2023.
- From 2024 to 2025, the sector is expected to grow by 3.02%.
- The compound annual growth rate (CAGR) from 2024 to 2028 is projected to be around 3%.
Future trends to watch for include potential impacts of global economic shifts, currency exchange fluctuations, and changes in consumer spending behavior on the sector, especially with a focus on sustainable and digital services.
