In 2023, household expenditure on restaurants and hotels in France stood at 94.72 billion Euros. Forecasts indicate a steady growth in spending from 2024 to 2028, with expenditures projected to reach 103.42 billion Euros by 2028. This represents an average compound annual growth rate (CAGR) of approximately 1.8% over the five-year period. Year-on-year growth is predicted to range between 1.8% to 2%, indicating consistent consumer spending in the hospitality sector.
Future trends to watch for include:
- Impacts of economic conditions on household disposable income.
- Changes in consumer preferences towards sustainable and eco-friendly travel and dining options.
- Potential shifts in tourism trends affecting hotel and restaurant revenue streams.
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