Forecast: Production in Accommodation and Food Service Activities Sector in Brazil

The Accommodation and Food Service Activities sector in Brazil is projected to reach 193.14 billion Brazilian Reals in 2024, up from the actual 2023 production level of 188.24 billion. The forecast indicates a continuous upward trend, with the sector expected to grow at a Compound Annual Growth Rate (CAGR) of approximately 2.44% from 2024 to 2028. Year-on-year growth accelerates steadily, with production values rising from 193.14 billion Reals in 2024 to 218.12 billion Reals in 2028. This trajectory showcases a robust expansion in the sector driven by rising domestic demand and increased tourism-related activities.

Future trends to watch for include:

  • Technological advancements in service delivery enhancing efficiency and customer experience.
  • Adapting to shifts in consumer behavior post-pandemic.
  • Potential regulatory changes affecting operational practices and sustainability efforts.

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