The forecast for Italy's accommodation and food services sector indicates a steady growth in production value from 2024 to 2028, starting at 94.44 billion Euros in 2024 and reaching 98.84 billion Euros by 2028. This represents an average year-on-year percentage increase of approximately 1.27% over this period. In 2023, the production value was reported at 93.39 billion Euros, setting a positive trajectory for future growth.
The compound annual growth rate (CAGR) anticipated for this five-year period stands at around 1.43%. This growth suggests stability and a modestly improving outlook for the sector.
Future trends to watch include:
- Potential impacts of geopolitical events on tourism and international travel.
- Adaptation and integration of sustainable practices in accommodation and food services.
- Technological advancements and their effects on customer experiences and service efficiency.
