Forecast: Tourism Consumption of Takeaway and Restaurant Meals in Australia

The tourism consumption of takeaway and restaurant meals in Australia has shown a consistent upward trend from 2013 to 2019, with year-on-year variations generally between 5.73% and 7.86%, and a compound annual growth rate (CAGR) indicating a healthy market. The notable exception is 2020, which recorded a significant drop of -43.03% due to the COVID-19 pandemic. The market showed a strong rebound in 2021 with a 65.45% recovery, followed by continued growth of 14.23% in 2022 and a more modest increase of 2.68% in 2023, reaching 25.41 billion Australian Dollars. The CAGR over the last five years stands at 3.31%.

Looking forward, the forecasted data suggests a steady increase in consumption, with an expected CAGR of 2.04% from 2024 to 2028, translating to an overall growth of 10.63% over the next five years. This indicates a stable but slower growth pattern in the forecast period compared to the pre-pandemic era.

**Future Trends to Watch for:**

• The impact of inflation and cost of living on consumer spending habits.
• Potential shifts towards healthier and more sustainable food options.
• Technological advancements in food delivery services and automation in dining experiences.
• Changes in global tourism patterns affecting inbound tourist spending.