Analysis of European household expenditure on accommodation services in 2023 reveals significant variability across countries. The United Kingdom leads with €31.4 billion, followed by Italy (€22.74 billion) and France (€20.73 billion). Notably, Spain and the Netherlands observed growth, with year-on-year increases of 4.32% and 4.28%, respectively. In contrast, both Italy and Greece experienced declines of -3.4% and -3.09%. The UK's expenditure grew by 2.55% last year, aligning with trends in Poland and Sweden. Several countries, including the Czech Republic and Luxembourg, saw considerable decreases.
Future trends to watch include the potential impact of increased urbanization and changing tourism dynamics, likely influencing expenditure patterns. Additionally, the effects of economic recovery post-pandemic could alter spending behaviors in countries with significant declines.
Top countries in Household Expenditure on Accommodation Services by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 31,400 | 2023 | +1.91% | +2.55% | View data |
| 2 | 2 Italy | 22,740 | 2023 | -18.11% | -3.4% | View data |
| 3 | 3 France | 20,730 | 2023 | -16.94% | -0.059% | View data |
| 4 | 4 Germany | 19,740 | 2023 | -17.39% | -0.43% | View data |
| 5 | 5 Spain | 14,300 | 2023 | -16.64% | +4.32% | View data |
| 6 | 6 Netherlands | 8,690 | 2023 | -20.03% | +4.28% | View data |
| 7 | 7 Portugal | 6,380 | 2023 | -13.68% | +1.27% | View data |
| 8 | 8 Austria | 5,990 | 2023 | -21.81% | +0.7% | View data |
| 9 | 9 Greece | 4,970 | 2023 | -15.2% | -3.09% | View data |
| 10 | 10 Croatia | 3,400 | 2023 | -20.41% | -0.63% | View data |
