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Serbia Hospitality Industry Outlook 2024 - 2028

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

Key Market Indicators

**Serbian Accommodation Expenditure to Hit €214 Million by 2028** Serbia's expenditure on accommodation is projected to climb to €214 million by 2028, up from €197 million in 2023, reflecting an average annual growth rate of 1.4%. This marks a consistent upward trend, with Serbian demand increasing by 1.5% year on year since 2000. In 2023, Serbia held the 33rd position globally in accommodation expenditure, with Lithuania narrowly ahead at the same spending level. Leading the rankings were Italy, France, and Germany, securing the 2nd, 3rd, and 4th spots, respectively. **Revenue from Accommodation Services to Surge to €528 Million** Revenue from Serbia's accommodation services is expected to soar to €528 million by 2028, a significant rise from €373 million in 2023. This reflects a compound annual growth rate (CAGR) of 5.5%. The Serbian market has shown robust growth, surging by 30.5% year on year since 2019. In 2023, Serbia ranked 30th globally in terms of accommodation services revenue, with Estonia surpassing it at the same revenue mark. Spain, France, and the United Kingdom were ahead in the rankings, taking the 2nd, 3rd, and 4th positions, respectively. **Serbia's Bedplaces Ranking and Competitors** In 2021, Serbia was ranked 23rd in terms of bedplaces, with Norway leading at 46,960 bedplaces. The top spots were occupied by Spain, France, and Germany, taking the 2nd, 3rd, and 4th positions, respectively.

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Serbia Hospitality Market Data and Forecasts

How much will Serbia Hospitality Market grow to 2028?

Forecast: Tourist Accommodation Nights Number in Serbia
Forecast: Hospitality Employment in Serbia
Forecast: Number of Persons Employed of Accommodation Services in Serbia
Forecast: Hospitality Enterprises in Serbia
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