European Number of Young High Growth Enterprises (Gazelles) in Hotels Share by Country (Units (Enterprises))

The European landscape of young high growth enterprises in the hotel sector shows Italy leading with a significant share followed by Portugal, while Norway and Latvia rank lowest. Over 2023, Romania and Lithuania exhibited notable growth, whereas Latvia and Norway faced sharp declines. Countries like Portugal and Hungary also marked substantial advancements. Conversely, the Czech Republic slightly retracted in growth. Consistently stable was Slovakia.

Future trends worth observing include the potential for increased competition in sectors like Portugal and emerging resilience strategies in markets such as Latvia and Norway. The ongoing economic recovery post-pandemic may fuel opportunities across varied European countries in the hotel industry.