The European gazelle landscape in Accommodation and Food Services displays intriguing variations among countries. Italy leads with 351 gazelles, showing a robust 10.1% growth in 2023, setting a dynamic pace. Portugal follows with 323 gazelles, notching up a 13.63% increase, while Hungary exhibits a considerable 24.9% surge to stand at 307 enterprises. Conversely, Romania, at 145 enterprises, and the Czech Republic, at 96, grew by 9.77% and 3.71%, respectively. Lithuania, Slovakia, Latvia, and Norway trail behind, with limited growth ranging from approximately 5% to 9.86%.
Future trends to watch in the European accommodation and food services sector include the potential influence of technological advancements, shifts in consumer preferences, and tourism growth patterns on young high-growth enterprises. Moreover, regulatory changes and sustainability initiatives could notably impact industry dynamics and foster future expansion opportunities.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Accommodation and Food Services by Country
# | 9 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Italy | 351 | 2023 | +30% | +10.1% | View data |
2 | 2 Portugal | 323 | 2023 | +32.38% | +13.63% | View data |
3 | 3 Hungary | 307 | 2023 | +27.39% | +24.9% | View data |
4 | 4 Romania | 145 | 2023 | +33.03% | +9.77% | View data |
5 | 5 Czech Republic | 96 | 2023 | +23.08% | +3.71% | View data |
6 | 6 Lithuania | 89 | 2023 | +21.92% | +5.22% | View data |
7 | 7 Slovakia | 33 | 2023 | +17.86% | +7.49% | View data |
8 | 8 Latvia | 9 | 2023 | 0% | +5.15% | View data |
9 | 9 Norway | 8 | 2023 | +33.33% | +9.86% | View data |