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Croatia Hospitality Industry Outlook 2024 - 2028

See how Croatia Hospitality performed compared to key markets such as Germany, Spain and France.

Key Market Indicators

**Croatian Accommodation Services Revenue Projected to Hit €3.66 Billion by 2028** Zagreb - The Croatian accommodation services market is poised for significant growth. Revenue is expected to climb from €2.96 billion in 2023 to approximately €3.66 billion by 2028, marking an average annual growth rate of 3.3%. Over the past decade, the market has experienced a robust annual increase of 5.1%. In 2023, Croatia ranked 16th globally in accommodation services revenue, with Belgium narrowly surpassing it at €2.96 billion. Leading the rankings were Spain, France, and the United Kingdom, occupying the second, third, and fourth spots, respectively. **Accommodation Establishments to Expand to Nearly 800,000 Bedplaces** The number of accommodation establishments in Croatia is also on the rise. By 2028, the country is set to offer approximately 796,920 bedplaces, up from 706,240 in 2023, reflecting an annual growth rate of 1.9%. Since 1998, the supply of bedplaces has increased at an average annual rate of 0.6%. In 2023, Croatia held the fifth position globally for the number of bedplaces, with Germany slightly ahead at 706,240. Spain, France, and Germany were the second, third, and fourth-ranked countries, respectively. **Accommodation Expenditure to Approach €3.7 Billion by 2028** Expenditure on accommodation in Croatia is projected to reach about €3.69 billion by 2028, up from €3.4 billion in 2023, growing at an annual rate of 1.3%. However, since 2000, the demand in this sector has seen a slight annual decline of 0.6%. In 2023, Croatia ranked 10th globally in accommodation expenditure, with Greece surpassing it at €3.4 billion. Italy, France, and Germany held the second, third, and fourth spots in this category, respectively.

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Croatia Hospitality Market Data and Forecasts