Forecast: Inbound Tourism Expenditure on Food and Beverage Serving Services in France

The inbound tourism expenditure on food and beverage serving services in France saw fluctuating trends from 2013 to 2023. Starting at 6.9 billion euros in 2013, the value saw an increasing trend until 2018, culminating at 9.2 billion euros. This trend reversed in 2019 due to a significant drop possibly linked to sociopolitical or economic disruptions, reducing expenditure to 7.7 billion euros. The COVID-19 pandemic severely impacted 2020, plummeting the value to 3.7 billion euros. However, a robust recovery began in 2021, with consistent growth year-on-year, reaching 9.69 billion euros in 2023. Over the past five years, the compound annual growth rate (CAGR) stood at 1.04%.

Looking forward, the forecast for 2024 to 2028 indicates a steady growth with a forecasted CAGR of 2.25%. Critical factors may include post-pandemic recovery, increased global travel trends, and evolving consumer preferences towards unique food and beverage experiences. Key trends to observe include the impact of geopolitical events on tourism, advancements in culinary tourism, and sustainability's role in the food and beverage industry.