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Hospitality Market Outlook 2022 - 2026

Daily Updated Industry Statistics and Top Emerging Trends about the Hospitality Industry

European Hospitality Trends in 2022

Hospitality is part of Tourism and includes a number of sub-sectors such as Hotel and Camping. You may also be interested in Cultural Attraction.

Revenue from European accommodation services is expected to reach €231 billion by 2026, up from €210 billion in 2021. On average, this equates to a 1% year-on-year growth rate since 2016. Germany was the highest-earning country in 2021, with €22 billion in accommodation services revenue. France, the UK and Spain came in second, third and fourth respectively. Meanwhile, Bosnia and Herzegovina saw a 3.7% year-on-year increase since 2016, while Cyprus saw a 13.6% decrease. European accommodation expenditure, meanwhile, is projected to reach €120 billion by 2026, down from €107 billion in 2021. On average, this equates to a 0.3% year-on-year decrease since 2016. The UK was the highest-spending country in 2021, with €27 billion. Italy, France and Germany followed in second, third and fourth places. Macedonia saw a 6% year-on-year increase since 2016, while Cyprus experienced a 14.6% decrease.

Top 10 countries

In 2022 major markets in the Hospitality Industry were:

Hospitality Market Data and Forecasts

How much the Hospitality industry is expected to grow to 2026?

Forecast: Turnover of Accommodation Services in Iceland
Forecast: Turnover of Accommodation Services in Italy
Forecast: Turnover of Accommodation Services in Poland
Forecast: Turnover of Accommodation Services in Belgium
Forecast: Turnover of Accommodation Services in Finland
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