Forecast: Production Volumes of Accommodation and Food Services in France

The production volumes of accommodation and food services in France demonstrated significant variability over the past decade. In actual data, it fluctuated from a value of 100.38 billion Euros in 2013 to 117.82 billion Euros in 2023. Year-on-year variations exhibited trends including a drastic dip in 2020 due to the pandemic but displayed strong recovery in 2021 and onwards. The five-year CAGR up to 2023 shows a moderate average annual growth of 1.66%. The forecasted data anticipates continued growth, with an expected volume reaching 124.63 billion Euros by 2028, marking a five-year forecasted CAGR of 0.94% and a forecasted five-year growth rate of 4.81%.

Future trends to watch for include:

  • Potential impacts of economic recovery post-pandemic.
  • Changes in consumer behavior and spending in the accommodation and food services sector.
  • Technological advancements in service delivery and customer engagement.
  • Policy and regulatory changes affecting the hospitality industry.

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