The wages and salaries of the hotel industry in Europe demonstrate significant variations among countries. In 2023, Germany leads with the highest wages at €9.95 billion, while Bosnia and Herzegovina reflect the lowest at €0.0361 billion. Countries like Poland, Romania, and Hungary experienced robust growth with year-on-year increases of over 10%, with Croatia showing a significant 7.7% increase. Lithuania exhibited the highest annual growth of 20.86%. Conversely, Iceland showed a decline of 2.08% reflecting challenges in their hospitality sector.
Future trends to watch for include potential wage growth in Eastern European countries due to economic development and tourism increases. Western European countries may see slower growth as markets mature, while emerging technologies and automation might influence wage structures across the continent.
Top countries in Wages and Salaries of Hotels by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 9,950 | 2023 | +14.85% | +4.16% | View data |
| 2 | 2 Spain | 7,370 | 2023 | +17.62% | +4.98% | View data |
| 3 | 3 United Kingdom | 6,180 | 2023 | +1.05% | +1.33% | View data |
| 4 | 4 France | 4,960 | 2023 | +8.43% | +0.014% | View data |
| 5 | 5 Italy | 4,360 | 2023 | +11.69% | +1.22% | View data |
| 6 | 6 Switzerland | 3,180 | 2023 | +8.34% | +3.07% | View data |
| 7 | 7 Austria | 2,860 | 2023 | +7.29% | +3.06% | View data |
| 8 | 8 Greece | 1,600 | 2023 | +16.7% | +3.97% | View data |
| 9 | 9 Netherlands | 1,360 | 2023 | +2.34% | +2.45% | View data |
| 10 | 10 Sweden | 1,240 | 2023 | +6.54% | +1.93% | View data |
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