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.
