In 2023, the Gross Value Added (GVA) for the Accommodation and Food Services sector in Switzerland stood at 11.5 billion Swiss Francs. Over the next few years, forecasts indicate a gradual increase: 11.55 billion CHF in 2024, 11.61 billion CHF in 2025, 11.68 billion CHF in 2026, 11.74 billion CHF in 2027, and reaching 11.8 billion CHF by 2028.
Year-on-year percentage variations highlight steady growth:
- 2023 to 2024: +0.43%
- 2024 to 2025: +0.52%
- 2025 to 2026: +0.58%
- 2026 to 2027: +0.51%
- 2027 to 2028: +0.51%
The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 averages to approximately 0.51% per year.
Future trends to watch for include the impact of evolving consumer preferences, particularly towards sustainable and eco-friendly options. Additionally, technological advancements in food service delivery and accommodation experience are likely to play pivotal roles in shaping the sector's growth trajectory. Economic conditions, policy changes, and global tourism trends will also be critical factors influencing this sector.
