In 2023, Bulgaria led with a production index value of 15.17 thousand, surpassing Slovakia and Slovenia. Over the past year, Bulgaria and Slovenia exhibited strong growth with variations of 9.36% and 5.1%, respectively. Conversely, Lithuania and Latvia showed declines, at -2.5% and -3.86%. Despite a challenging environment, France, Germany, and Sweden maintained modest year-on-year increases, while Finland and the Czech Republic faced decreases, notably at -8.88% for the latter. The recent trends show a dynamic shift with Eastern European countries like Bulgaria gaining traction and traditional markets stabilizing amidst ongoing uncertainties.
Future trends to watch include the potential impact of geopolitical tensions and economic shifts within the Eurozone. Additionally, advancements in digitalization and sustainability in the accommodation sector may further influence these national indices. The evolving travel patterns post-pandemic might reshape demand, offering both challenges and growth opportunities across diverse European regions.
Top countries in Accommodation Services Production Index by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Bulgaria | 151.7 | 2022 | +57.2% | +9.36% | View data |
| 2 | 2 Slovakia | 146.3 | 2022 | +84.72% | +4.34% | View data |
| 3 | 3 Slovenia | 144.8 | 2022 | +73.62% | +5.1% | View data |
| 4 | 4 Romania | 142.6 | 2022 | +56.53% | +3.18% | View data |
| 5 | 5 Lithuania | 127.8 | 2022 | +49.65% | -2.5% | View data |
| 6 | 6 Hungary | 127.6 | 2022 | +83.33% | View data | |
| 7 | 7 Latvia | 113.3 | 2022 | +64.92% | -3.86% | View data |
| 8 | 8 Germany | 112.8 | 2022 | +66.13% | +1.21% | View data |
| 9 | 9 Sweden | 111.2 | 2022 | +34.46% | +1.08% | View data |
| 10 | 10 France | 110.9 | 2022 | +50.68% | +1.51% | View data |
