The wages and salaries of event catering in France have experienced notable fluctuations over the past decade. Beginning in 2013 with a slight decline, these values dropped further until 2015. A substantial rise was seen between 2016 and 2019, peaking in 2019 at 683.3 million euros. However, the COVID-19 pandemic in 2020 drastically reduced wages and salaries by 35.78%. Recovery began in 2021, with steady growth peaking again in 2023 at 661.5 million euros. For 2024 and beyond, forecasts indicate a gradual increase, achieving an approximate CAGR of 1.26% over the next five years.
Future trends to watch for include:
- Impact of continued post-pandemic recovery on the event catering industry.
- Potential advancements in technology and their effect on labor costs.
- Changes in consumer behavior and demand for events which could influence wage and salary growth.
- Evolving economic conditions in France which could affect disposable income and event spending.
