Key Market Indicators
**Revenue from Finnish Accommodation Services Projected to Hit €1.6 Billion by 2028** The revenue from Finnish accommodation services is expected to climb to approximately €1.6 billion by 2028, up from €1.5 billion in 2023. This marks a modest compound annual growth rate (CAGR) of 0.9%. The Finnish market has seen a consistent annual growth of 1% since 2010. In the global rankings for 2023, Finland held the 21st position, with Romania slightly ahead at €1.54 billion. Spain, France, and the United Kingdom were the second, third, and fourth largest markets, respectively. **Accommodation Expenditure in Finland to Reach €680 Million by 2028** Expenditure on accommodation in Finland is forecasted to rise to €680 million by 2028, an increase from €634 million in 2023. This represents a yearly growth rate of 1.2%. However, since 1985, demand in Finland has declined by an average of 0.4% per year. In 2023, Finland ranked 22nd, with Bulgaria narrowly leading at €634 million. Italy, France, and Germany occupied the second, third, and fourth positions in this expenditure ranking. **Number of Finnish Accommodation Establishments Set to Increase to 44,900 Bedplaces by 2028** The number of accommodation establishments in Finland is projected to grow to 44,900 bedplaces by 2028, up from 40,970 bedplaces in 2023. This indicates an average annual growth rate of 1.5%. Despite this positive trend, the Finnish supply has decreased by 0.6% per year since 1998. In 2023, Finland ranked 24th, with Serbia surpassing it at 40,970 bedplaces. Spain, France, and Germany held the second, third, and fourth positions in the global ranking for accommodation establishments.
