The internal tourism consumption of accommodation services for visitors in France has shown significant growth over the last decade, peaking at 65.35 billion Euros in 2023. From 2013 to 2019, there was steady growth, with a notable increase of 11.19% in 2019. However, the pandemic led to a sharp decline of 26.3% in 2020, followed by a robust recovery with a 20.52% increase in 2021. The current year-on-year variation stands at 9.12% with a CAGR of 4.01% over the last five years.
Future trends to watch for:
- Predicted growth at an average annual rate of 2.34% through 2028.
- The influence of global economic conditions and potential travel restrictions.
- The impact of sustainable and eco-friendly accommodation preferences.
- Technological developments in the hospitality sector aiming at enhancing customer experiences.
