In 2023, the Accommodation and Food Services sector in Norway recorded 128.75 million hours worked. Moving forward into forecasted years, the sector is projected to see a steady increase in the number of hours worked, reaching 135.06 million by 2028.
Year-on-year growth for the forecasted period is as follows:
- 2024: 1.5%
- 2025: 0.84%
- 2026: 0.83%
- 2027: 0.83%
- 2028: 0.80%
The compound annual growth rate (CAGR) over these five forecasted years is approximately 0.96%.
Looking ahead, industry trends to monitor include potential impacts of technological advancements, changes in tourism trends, and the influence of economic policies. The sector may also see shifts driven by increasing demand for sustainable practices and the ongoing implications of global health developments.
