The 2023 data indicates that Poland leads with a HICP value of 12.6, followed closely by the Czech Republic at 12.48 and Austria at 12.103. 2024 forecasts project slight variations, with Poland and the Czech Republic experiencing the highest previous year increases and other European countries showing more modest growth. The highest year-on-year growth occurred in Poland and the Czech Republic at 4.44% and 4.22%, respectively, from 2021. The five-year CAGR showed consistent growth in these countries driven by increased domestic demand and inflationary pressures.
Future trends to watch for in the Global Restaurants and Hotels sector include:
- The impact of economic recovery phases on consumer spending in services.
- Potential inflationary pressures due to operational cost increases and wage growth.
- Changes in tourism patterns affecting demand in specific regions.
- The role of government policy in influencing consumer prices and potential stabilization efforts.
Top countries in Restaurants and Hotels HICP by Country
| # | 10 Countries | Indexes 2010 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 126 | 2021 | +6.6% | +4.44% | View data |
| 2 | 2 Czech Republic | 124.8 | 2021 | +3.48% | +4.22% | View data |
| 3 | 3 Austria | 121.03 | 2021 | +3.84% | +3.18% | View data |
| 4 | 4 Iceland | 120.86 | 2021 | +4.19% | +1.5% | View data |
| 5 | 5 Estonia | 118.66 | 2021 | +2.67% | +2.76% | View data |
| 6 | 6 Norway | 118.1 | 2021 | +3.42% | +2.73% | View data |
| 7 | 7 United States | 117.78 | 2021 | +4.73% | +2.78% | View data |
| 8 | 8 Slovenia | 114.97 | 2021 | +2.71% | +2.39% | View data |
| 9 | 9 Sweden | 114.78 | 2021 | +1.96% | +2.33% | View data |
| 10 | 10 Germany | 114.5 | 2021 | +2.6% | +2.34% | View data |
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