In 2023, Italy led Europe's accommodation and food services sector with a volume of €122.26 billion, followed by France and Germany. The Netherlands and Austria offered moderate contributions, while smaller nations like Latvia and Estonia maintained minimal outputs. Compared to the previous year, material growth was observed in Estonia and Latvia, while Finland and Luxembourg experienced declines. Over the past five years, average growth rates were heterogeneous, reflecting both established market stability and emerging sector vitality across Europe.
Future trends to observe include the impact of digital advancements on service delivery, the shift towards sustainable tourism practices, and how economic recovery post-pandemic may alter regional demand and growth patterns.
Top countries in Production Volumes of Accommodation and Food Services by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 122,260 | 2023 | +1.07% | +1.05% | View data |
| 2 | 2 France | 117,820 | 2023 | +1.18% | +1.66% | View data |
| 3 | 3 Germany | 99,820 | 2023 | +1.08% | +1.24% | View data |
| 4 | 4 Netherlands | 29,290 | 2023 | +1.33% | +1.16% | View data |
| 5 | 5 Austria | 28,280 | 2023 | +1.06% | +1% | View data |
| 6 | 6 Greece | 23,090 | 2023 | +1.07% | +1.45% | View data |
| 7 | 7 Belgium | 18,710 | 2023 | +0.96% | +1.11% | View data |
| 8 | 8 Finland | 8,600 | 2023 | +0.94% | +0.82% | View data |
| 9 | 9 Slovenia | 2,050 | 2023 | +1.46% | +1.21% | View data |
| 10 | 10 Luxembourg | 1,770 | 2023 | +0.74% | +0.81% | View data |
