The analysis of high growth enterprises in accommodation and food services across several European countries shows Hungary leading with 2.63 thousand enterprises, followed by Italy at 2.45. The year 2023 saw notable growth for Hungary with a 20.87% increase, while Italy increased by 5.62%. The Czech Republic and Portugal lagged in growth, with Portugal experiencing a decline of 5.51%. Other countries like Romania and Slovakia showed moderate growth, indicating varied performance across the region. The 5-year CAGR (Compound Annual Growth Rate) would further contextualize this growth trajectory.
Future trends to watch include potential market shifts due to digitalization, sustainability initiatives, and changes in consumer behavior impacting the accommodation and food services sector. Monitoring these factors will be crucial for understanding growth potential and identifying emerging opportunities in high growth enterprises across European countries.
Top countries in Number of High Growth Enterprises in Accommodation and Food Services by Country
| # | 9 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 2,630 | 2023 | +31.87% | +20.87% | View data |
| 2 | 2 Italy | 2,450 | 2023 | +27.12% | +5.62% | View data |
| 3 | 3 Czech Republic | 997 | 2023 | +26.06% | +2.57% | View data |
| 4 | 4 Portugal | 976 | 2023 | +11.25% | -5.51% | View data |
| 5 | 5 Romania | 707 | 2023 | +26.32% | +9.47% | View data |
| 6 | 6 Lithuania | 539 | 2023 | +24.77% | +5.07% | View data |
| 7 | 7 Slovakia | 272 | 2023 | +19.82% | +6.03% | View data |
| 8 | 8 Norway | 144 | 2023 | +16.13% | +3.37% | View data |
| 9 | 9 Latvia | 142 | 2023 | +20.34% | +4.86% | View data |
