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Estonia Hospitality Industry Outlook 2024 - 2028

See how Estonia Hospitality performed compared to key markets such as the United Kingdom, Italy and France.

Key Market Indicators

**Estonian Accommodation Expenditure to Hit €277 Million by 2028** Estonian accommodation expenditure is projected to reach €277 million by 2028, up from €248 million in 2023, marking an average annual growth rate of 1.8%. Despite this growth, Estonian demand for accommodation has seen a decline of 1.9% per year since 2000. In the 2023 rankings, Estonia held the 29th position, with Latvia surpassing it with a similar figure of €248 million. Italy, France, and Germany occupied the top three spots in this category. **Bedplaces in Estonia to Rise to 30,360 by 2028** Estonian accommodation establishments are expected to expand to 30,360 bedplaces by 2028, growing from 27,100 bedplaces in 2023 at an annual compound growth rate (CAGR) of 1.8%. Since 2007, the supply of bedplaces in Estonia has increased marginally by 0.1% each year. In 2023, Estonia ranked 25th, with Finland exceeding it with 27,100 bedplaces. Spain, France, and Germany were the leading countries in this ranking, holding the second, third, and fourth positions, respectively. **Accommodation Services Revenue in Estonia to Reach €438 Million by 2028** Revenue from Estonia's accommodation services is anticipated to climb to €438 million by 2028, up from €378 million in 2023, growing at a CAGR of 2.3%. Since 2010, the Estonian market has experienced an annual growth of 1.8%. In 2023, Estonia was ranked 29th, with Luxembourg moving ahead with €378 million in revenue. The top spots were held by Spain, France, and the United Kingdom, taking the second, third, and fourth positions respectively.

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Estonia Hospitality Market Data and Forecasts