The accommodation and food service activities sector in Brazil is forecast to expand steadily from 2024 to 2028. The sector's value added is expected to increase from 97.02 billion Brazilian Reals in 2024 to 107.93 billion in 2028. This represents a consistent annual growth pattern over these years. The year-on-year growth rates highlight a positive trajectory, indicating a robust sector outlook. In comparison, the value added in 2023 was slightly lower, underscoring the sector's recovery and growth potential post-pandemic.
Future trends to watch for include potential impacts of inflation on consumer spending, developments in tourism following travel restrictions, and innovations in service delivery that could drive efficiency and customer satisfaction in Brazil's hospitality industry.
