Forecast: Production Value of Accommodation and Food Services in Denmark

The production value of accommodation and food services in Denmark saw a steady increase from 2013 to 2019, reaching 9.16 billion Euros. However, the COVID-19 pandemic caused a significant dip in 2020, with a value of 7.4 billion Euros, a decline of around 19.22%. A robust recovery followed, with a production value of 10.12 billion Euros in 2023, representing a year-on-year increase of 7.34%. From 2024, forecasts predict a continuous upward trend, with an average annual growth rate (CAGR) of 2.23% over the next five years, reaching 11.65 billion Euros by 2028.

Future trends to watch for include:

  • Impact of tourism regulations and visa policies on international visitor numbers.
  • Adoption of digital and contactless technologies in response to COVID-19 safety measures.
  • Emergence of sustainable and eco-friendly practices in the hospitality industry.
  • Changes in consumer preferences towards domestic travel and dining experiences.

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