In 2023, European household expenditure on accommodation services saw varied trends across countries. France led with a share of €26.32 million but experienced a slight decline of 0.16%. Germany followed closely at €25.28 million, with a reduction of 0.36%, while Spain grew by 8.76%, reaching €22.49 million. Portugal and Austria recorded modest increases, whereas Ireland, Finland, and Slovakia faced declines. Notably, Luxembourg witnessed a significant dip of 7%. The five-year CAGR indicates slow growth across the region, with notable exceptions such as Spain showing positive momentum.
Looking forward, the forecast for 2024 suggests potential growth in Southern European countries like Spain, driven by tourism recovery post-pandemic. Germany and France may stabilize, yet potential economic challenges could impact recovery. Monitoring economic and tourism sector developments will be crucial for understanding future expenditure trends.
Top countries in Household Expenditure on Accommodation Services Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 26.32 | 2023 | -17.37% | -0.16% | View data |
| 2 | 2 Germany | 25.28 | 2023 | -17.13% | -0.36% | View data |
| 3 | 3 Spain | 22.49 | 2023 | +2.7% | +8.76% | View data |
| 4 | 4 Portugal | 8.16 | 2023 | -13.51% | +1.31% | View data |
| 5 | 5 Austria | 7.65 | 2023 | -21.75% | +0.72% | View data |
| 6 | 6 Croatia | 4.36 | 2023 | -20.07% | -0.23% | View data |
| 7 | 7 Ireland | 2.66 | 2023 | -12.89% | -0.059% | View data |
| 8 | 8 Finland | 0.82 | 2023 | -13.14% | -0.16% | View data |
| 9 | 9 Slovenia | 0.68 | 2023 | -19.04% | +0.67% | View data |
| 10 | 10 Slovakia | 0.4 | 2023 | -4.21% | -2.44% | View data |
