In 2023, Germany led in hotel wages and salaries in Europe with 19.11 million euros, followed by Spain (14.16 million) and the United Kingdom (11.88 million). Noteworthy increases were recorded in Romania (12.47%), Lithuania (20.86%), and Poland (7.46%). Conversely, Iceland saw a decline of 2.08%. Overall, the European market for hotel wages and salaries showed a positive trend, despite slight variations across countries.
Future trends to watch for include:
- Continued growth in emerging markets such as Romania and Lithuania.
- The impact of economic fluctuations on wage growth consistency across different regions.
- Potential industry shifts due to changing tourism patterns post-pandemic.
Top countries in Wages and Salaries of Hotels Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 19.11 | 2023 | +14.85% | +4.16% | View data |
| 2 | 2 Spain | 14.16 | 2023 | +17.62% | +4.98% | View data |
| 3 | 3 United Kingdom | 11.88 | 2023 | +1.05% | +1.33% | View data |
| 4 | 4 France | 9.52 | 2023 | +8.43% | +0.014% | View data |
| 5 | 5 Italy | 8.38 | 2023 | +11.69% | +1.22% | View data |
| 6 | 6 Switzerland | 6.12 | 2023 | +8.34% | +3.07% | View data |
| 7 | 7 Austria | 5.49 | 2023 | +7.29% | +3.06% | View data |
| 8 | 8 Greece | 3.08 | 2023 | +16.7% | +3.97% | View data |
| 9 | 9 Netherlands | 2.61 | 2023 | +2.34% | +2.45% | View data |
| 10 | 10 Sweden | 2.38 | 2023 | +6.54% | +1.93% | View data |
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