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Bosnia and Herzegovina Hospitality Industry Outlook 2024 - 2028

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

Key Market Indicators

Bosnian accommodation expenditure is projected to soar to approximately €447 million by 2028, marking an increase from about €410 million in 2023. This corresponds to an average annual growth rate of 1.4%. Since 2005, Bosnian demand has seen a modest annual increase of 0.4%. In 2023, Bosnia ranked 26th in terms of accommodation expenditure, with Malta overtaking it at €410 million. Leading the rankings were Italy, France, and Germany, occupying the second, third, and fourth positions, respectively. On the revenue front, Bosnian accommodation services are set to generate around €182 million by 2028, up from €166 million in 2023. This also reflects an annual growth rate of 1.4%. Since 2016, the Bosnian market has experienced a more robust yearly growth of 3.6%. In 2023, Bosnia held the 33rd position in accommodation services revenue, with Latvia surpassing it at €166 million. The top spots were claimed by Spain, France, and the United Kingdom, ranking second, third, and fourth, respectively.

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Bosnia and Herzegovina Hospitality Market Data and Forecasts