Key Market Indicators
Slovak accommodation establishments are projected to reach approximately 76,800 bedplaces by 2028, up from around 67,800 bedplaces in 2023. This growth represents an average annual increase of 2%. Since 1995, Slovakia's bedplace supply has grown at an average rate of 1.8% per year. In 2023, Slovakia ranked 19th globally in this category, with Lithuania slightly ahead. Leading the rankings were Spain, France, and Germany in the second, third, and fourth positions, respectively. In terms of revenue for Slovak accommodation services, the sector is expected to reach nearly €952 million by 2028, up from roughly €744 million in 2023. This represents an average annual growth rate of 3.9%. Since 2010, the market has seen an average annual increase of 5.7%. In 2023, Slovakia ranked 26th globally, with Malta slightly ahead. Spain, France, and the United Kingdom held the second, third, and fourth spots in this ranking, respectively. Slovak accommodation expenditure is forecasted to hit about €379 million by 2028, up from approximately €337 million in 2023, which translates to an average annual growth rate of 1.9%. However, since 2000, the country's demand has decreased by an average of 1.1% per year. In 2023, Slovakia ranked 27th globally, with Bosnia and Herzegovina surpassing it. Italy, France, and Germany held the second, third, and fourth positions, respectively, in this ranking.
