In 2024, Portugal leads the European Accommodation Services HICP with a change of 30.5%, followed by Latvia and Macedonia at 25.2% and 21.9%, respectively. Conversely, countries like Albania, Malta, and Switzerland show minimal changes, indicating stable accommodation pricing environments. Over the last two years, high variation is noted, driven primarily by tourism resurgences post-pandemic. The five-year CAGR illustrates significant market fluctuations, with Southern European countries experiencing notable increases.
Looking forward, influential factors like economic recovery, international travel regulations, and sustainability initiatives should be closely monitored. Additionally, digitization and changing consumer preferences could significantly impact future accommodation pricing trends across Europe.
Top countries in Accommodation Services HICP by Country
| # | 10 Countries | Percent, Change on Previous Period | Last Year | |
|---|---|---|---|---|
| 1 | 1 Portugal | 30.5 | 2022 | View data |
| 2 | 2 Latvia | 25.2 | 2022 | View data |
| 3 | 3 Macedonia | 21.9 | 2022 | View data |
| 4 | 4 Sweden | 19.3 | 2022 | View data |
| 5 | 5 Spain | 19.1 | 2022 | View data |
| 6 | 6 Czech Republic | 18.6 | 2022 | View data |
| 7 | 7 Greece | 18 | 2022 | View data |
| 8 | 8 Montenegro | 17.9 | 2022 | View data |
| 9 | 9 Ireland | 17.8 | 2022 | View data |
| 10 | 10 Estonia | 16.8 | 2022 | View data |
