European Hospitality Trends in 2022
Hospitality is part of Tourism and includes a number of sub-sectors such as Hotel and Camping. You may also be interested in Cultural Attraction.
Revenue from European accommodation services is expected to reach €231 billion by 2026, up from €210 billion in 2021. On average, this equates to a 1% year-on-year growth rate since 2016. Germany was the highest-earning country in 2021, with €22 billion in accommodation services revenue. France, the UK and Spain came in second, third and fourth respectively. Meanwhile, Bosnia and Herzegovina saw a 3.7% year-on-year increase since 2016, while Cyprus saw a 13.6% decrease. European accommodation expenditure, meanwhile, is projected to reach €120 billion by 2026, down from €107 billion in 2021. On average, this equates to a 0.3% year-on-year decrease since 2016. The UK was the highest-spending country in 2021, with €27 billion. Italy, France and Germany followed in second, third and fourth places. Macedonia saw a 6% year-on-year increase since 2016, while Cyprus experienced a 14.6% decrease.
Top 10 countries
In 2022 major markets in the Hospitality Industry were:
Hospitality Market Data and Forecasts
How much the Hospitality industry is expected to grow to 2026?
More in Hospitality Industry for 2028Global Hospitality Statistics
- Overnight Stay 70 countries (Europe, Northern Europe, Western Europe...)
- Accommodation Expenditure 64 countries (Europe, Western Europe, Northern Europe...)
- Passenger Transport Expenditure 83 countries (Europe, Western Europe, Northern Europe...)
- Overnight Stay In Hotel 76 countries (Europe, Northern Europe, Southern Europe...)
- International Departure 137 countries (Europe, Northern Europe, Western Europe...)
- Overnight Stay In Camping Grounds 69 countries (Europe, Northern Europe, Western Europe...)
- Tourist Arrivals 225 countries (Europe, Northern Europe, Southern Europe...)
- Accommodation Services Employment 74 countries (Europe, Southern Europe, Northern Europe...)
- Accommodation Establishments Number 70 countries (Europe, Northern Europe, Southern Europe...)
- Number Of Employees 206 countries (Europe, Northern Europe, Southern Europe...)