Key Market Indicators
Maltese Accommodation Expenditure is projected to climb to approximately €551 million by 2028, up from around €498 million in 2023. This represents an average annual growth rate of 1.6%. However, since 2000, Malta has seen a 5.4% annual decline in demand. In 2023, Malta ranked 25th globally, with Slovenia leading at €498 million. Italy, France, and Germany occupied the second, third, and fourth spots, respectively. The number of Maltese accommodation establishments is expected to reach nearly 2,990 bedplaces by 2028, a rise from 2,490 bedplaces in 2023. This signifies a compound annual growth rate (CAGR) of 2.9%. Since 2017, the supply in Malta has grown by 7.7% annually. In 2023, Malta stood at 31st place, with Luxembourg slightly ahead at 2,490 bedplaces. Spain, France, and Germany took the second, third, and fourth positions in this ranking. Maltese revenue from accommodation services is forecasted to hit approximately €912 million by 2028, increasing from around €776 million in 2023. This growth reflects a 2.6% CAGR. Since 2013, the market in Malta has grown by 1.2% annually. In 2023, Malta was ranked 25th, with Slovenia surpassing it at €776 million. Spain, France, and the United Kingdom occupied the second, third, and fourth places, respectively.
