Key Market Indicators
**Greek Accommodation Expenditure Projected to Reach €5.35 Billion by 2028** The Greek accommodation expenditure is expected to rise to €5.35 billion by 2028, increasing from €4.97 billion in 2023. This growth represents a compound annual growth rate (CAGR) of 1.2% year-on-year. Despite this positive trend, Greek demand has seen a decline of 3.1% annually since 2000. In 2023, Greece ranked 9th in accommodation expenditure, with Austria surpassing Greece at the same figure of €4.97 billion. Leading the rankings were Italy, France, and Germany, taking the 2nd, 3rd, and 4th positions, respectively. **Revenue from Greek Accommodation Services to Hit €9.68 Billion by 2028** Revenue from Greek accommodation services is forecasted to reach €9.68 billion by 2028, up from €8.18 billion in 2023. This marks an average annual growth rate of 2.7%. Since 2010, the Greek market has experienced a year-on-year increase of 3.8%. In 2023, Greece occupied the 9th spot in this category, with Switzerland leading at €8.18 billion. Spain, France, and the United Kingdom followed in the 2nd, 3rd, and 4th positions, respectively. **Greek Accommodation Establishments to Expand to 342,310 Bedplaces by 2028** The number of Greek accommodation establishments is anticipated to grow to 342,310 bedplaces by 2028 from 307,610 bedplaces in 2023, reflecting an annual average growth rate of 1.7%. However, the supply has decreased by 6.8% annually since 2014. In 2023, Greece ranked 8th in the number of bedplaces, with Poland leading at 307,610 bedplaces. Spain, France, and Germany secured the 2nd, 3rd, and 4th positions in this category, respectively.
