European Household Expenditure on Accommodation Services shows significant variation across countries in 2024. Iceland registers the highest per capita spending at 1.48 thousand euros. Cyprus and Malta follow with 1.25 and 0.983 thousand euros respectively. Countries such as Austria, Portugal, and Netherlands show moderate spending, while nations like Serbia and Slovakia remain at the lower end of expenditure.
Year-on-year trends indicate diverse patterns: Iceland saw a slight increase, while Cyprus and Malta experienced notable declines. Spain, rising 7.92%, had the highest positive year-on-year growth. Other countries like Greece and Italy faced reductions. Over five years, the Compound Annual Growth Rate (CAGR) shows variability, reflecting changing economic conditions and tourism trends.
Future trends to watch include potential increases in digital nomadism, the growth of alternative accommodations like Airbnb, and potential economic impacts post-pandemic recovery. Countries with lower current spending may see growth opportunities, while highly saturated markets will strive to innovate and maintain their place.
Top countries in Household Expenditure on Accommodation Services by Country
| # | 10 Countries | Euros Per Capita | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Iceland | 1,480 | 2023 | +1.93% | +0.11% | View data |
| 2 | 2 Cyprus | 1,250 | 2023 | -17.35% | -3.22% | View data |
| 3 | 3 Malta | 983 | 2023 | -16.69% | -6.15% | View data |
| 4 | 4 Croatia | 886 | 2023 | -18.72% | +0.6% | View data |
| 5 | 5 Austria | 665 | 2023 | -21.76% | +0.46% | View data |
| 6 | 6 Portugal | 628 | 2023 | -12.78% | +1.6% | View data |
| 7 | 7 Netherlands | 484 | 2023 | -20.66% | +3.37% | View data |
| 8 | 8 Greece | 475 | 2023 | -13.45% | -2.49% | View data |
| 9 | 9 United Kingdom | 461 | 2023 | +1.54% | +1.88% | View data |
| 10 | 10 Ireland | 410 | 2023 | -12.77% | -0.95% | View data |
