Key Market Indicators
Italian Accommodation Expenditure is projected to decrease to approximately €21.6 billion by 2028, down from €22.7 billion in 2023. This represents a year-on-year decline of 0.8% CAGR. Since 2000, the demand in Italy has seen a yearly reduction of 3.4%. In 2023, Italy ranked second, with the United Kingdom surpassing it at €22.7 billion. Following Italy, France and Germany secured the third and fourth spots, respectively. In contrast, Italian Accommodation Services Revenue is expected to rise to around €32.9 billion by 2028, up from €29.4 billion in 2023. This marks an average annual growth rate of 1.7%. Since 2010, the Italian market has experienced a yearly increase of 2.2%. In 2023, Italy held the fifth position, with the United Kingdom leading at €29.4 billion. Spain, France, and the United Kingdom occupied the second, third, and fourth positions, respectively. The number of Italian Accommodation Establishments is set to grow to about 2.1 million bedplaces by 2028, up from 1.9 million bedplaces in 2023. This represents a yearly growth rate of 1.6%. Since 1995, the supply in Italy has risen by 2% per year. Spain, France, and Germany were ranked second, third, and fourth, respectively, in this category.
