The data shows a continual increase in domestic tourism expenditure on food and beverage serving services in Denmark from 2013 to 2023, where it stood at 14.95 billion Danish Krones. Year-on-year variations reveal significant growth spurts in 2013, 2014, 2017, 2021, while notable declines occurred in 2018 and 2020. The last two years saw moderate growth rates of 6.41% in 2022 and 5.96% in 2023. The five-year CAGR from 2018 to 2023 was 6.44%, indicating steady growth.
Future trends to watch for:
- The forecasted five-year CAGR from 2024 to 2028 is projected at 3.81% with an overall growth rate of 20.59%, indicating a continued but moderating growth trend.
- Factors such as economic conditions, shifts in domestic tourism behavior, and changes in the food and beverage service sector due to innovation and consumer preferences will be critical to monitor.
