Household expenditure on restaurants and hotels in Spain exhibited a general upward trend from 2013 to 2019, peaking at 110.81 billion euros. However, the COVID-19 pandemic in 2020 dramatically impacted spending, causing a sharp decline of 46.78%. A substantial recovery was observed in 2021 and 2022, reversing the downturn with robust year-on-year increases of 40.36% and 42.55%, respectively. In 2023, expenditure stood at 103.76 billion euros, marking a 12.07% decrease from the previous year, highlighting post-pandemic volatility.

Future trends to watch for include:

Gradual recovery and stabilization, with forecasted spending expected to reach 112.85 billion euros by 2028.
A forecasted average annual growth rate (CAGR) of 1.33% over the next five years.
Potential economic factors and consumer behavior changes impacting expenditure patterns in the coming years.