The 2023 R&D expenditure in Accommodation and Food Service Activities showcases varying levels of investment across European countries. Portugal leads with 4.82 million euros, followed by Finland and Spain at 4.22 and 3.89 million euros, respectively. Lithuania and Germany have much lower expenditures, with Germany at merely 0.089 million euros. Notably, Spain experienced an 11.07% decline in 2023. The five-year Compound Annual Growth Rate (CAGR) is essential for understanding long-term trends in these investments.
Future trends to watch include:
- Increased emphasis on sustainability and eco-friendly practices.
- Growing technological integration in service improvement.
- Expansion of smart accommodation options across Europe.
- Potential post-pandemic recovery influencing investment levels.
Top countries in Business Enterprise R&D Expenditure in Accommodation and Food Service Activities by Country
| # | 5 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 4.82 | 2021 | +138.34% | +63.97% | View data |
| 2 | 2 Finland | 4.22 | 2021 | View data | ||
| 3 | 3 Spain | 3.89 | 2023 | +3.65% | -11.07% | View data |
| 4 | 4 Lithuania | 0.6 | 2021 | View data | ||
| 5 | 5 Germany | 0.089 | 2021 | -5.82% | View data |
