The European production value of accommodation services in 2023 was dominated by Germany, followed by Spain and France. Germany showed moderate growth, while Spain experienced notable gains. The United Kingdom and Italy had slight increases. Significant increases were observed in Poland and Romania, showing the highest year-on-year growth. Croatia and Portugal also displayed robust growth. Among the smaller markets, Serbia experienced a substantial surge. In contrast, Iceland saw a decline. Several countries had moderate growth, contributing to overall market stability across Europe.
Future trends to watch include advancements in sustainability and technology across accommodation services. Countries experiencing rapid growth, like Poland and Romania, may continue to shape new trends. The impact of economic shifts and environmental policies on accommodation services, alongside emerging markets in Eastern Europe, will be crucial for strategic planning and investment. Monitoring technological integration in accommodation services will provide insightful trends for future market developments.
Top countries in Production Value of Accommodation Services by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 40,370 | 2023 | +14.41% | +2.82% | View data |
| 2 | 2 Spain | 34,450 | 2023 | +23.1% | +5.76% | View data |
| 3 | 3 France | 31,780 | 2023 | +11.5% | +1.73% | View data |
| 4 | 4 Italy | 30,430 | 2023 | +13.06% | +1.91% | View data |
| 5 | 5 United Kingdom | 29,530 | 2023 | +1.29% | +1.5% | View data |
| 6 | 6 Austria | 13,070 | 2023 | +10.83% | +4.33% | View data |
| 7 | 7 Netherlands | 10,210 | 2023 | +12% | +4.31% | View data |
| 8 | 8 Switzerland | 9,000 | 2023 | +9.52% | +2.43% | View data |
| 9 | 9 Greece | 8,100 | 2023 | +18.88% | +3.3% | View data |
| 10 | 10 Portugal | 6,970 | 2023 | +19.9% | +6.29% | View data |
