European Household Expenditure on Restaurants and Hotels Share by Country (Million Euros)

The European household expenditure on restaurants and hotels in 2024 shows a significant variation across countries. Spain leads with a forecasted value of 25.58 million euros, closely followed by Italy at 24.48 million euros and Germany at 21.64 million euros. In contrast, smaller countries like Estonia, Latvia, and Luxembourg register lower expenditures. Analyzing year-on-year trends for 2023, Spain and Germany saw slight declines, while countries like Ireland and Slovenia experienced moderate growth. Over the past five years, Latvia and Estonia exhibited the highest growth rates. In contrast, Greece and Luxembourg faced notable decreases in expenditure.

Future trends to watch include the impact of economic recovery post-pandemic, potential changes in tourism policies, and the rising influence of digital platforms in dining and accommodation. Country-specific factors such as inflation rates and consumer confidence will also play crucial roles in shaping these expenditure patterns.