The production of Accommodation and Food Services in France has shown a general upward trend from 2013. From 2013 to 2019, the industry experienced steady annual growth, marked by an overall increase and specific annual growth rates peaking at 6.07% in 2019. The year 2020 was notably challenging, with a significant drop of 16.23%, likely due to the COVID-19 pandemic. However, the sector quickly rebounded in 2021 with a strong recovery of 17.11%, followed by continued growth into 2022. As of 2023, the value stood at 131.26 billion Euros, indicating a moderate increase of 2.13% from the previous year.
For future trends, from 2024 onward, forecasts indicate a consistent but modest growth rate with a compound annual growth rate (CAGR) of 1.64%, projecting the value to reach 145.19 billion Euros by 2028. This reflects a total growth of 8.5% over the next five years.
Trends to watch for in the future include potential impacts of ongoing economic recovery post-pandemic, changes in consumer behavior, sustainability initiatives, and technological advancements in the hospitality and food services sector.
