The European production value of accommodation and food services in 2023 indicates Germany, France, and the United Kingdom as leading contributors, with each surpassing 14 million Euros. Spain and Italy follow closely, both near 12 million Euros. Notable growth was recorded in Poland at 8.71%, Romania at 10.11%, and Serbia at a significant 20.16%, highlighting dynamic expansion areas. Portugal's growth at 6.59% underscores its increasing market share, while smaller economies like Bosnia and Herzegovina and Bulgaria see favourable trends.
Future trends to monitor include continued growth in emerging markets such as Romania and Serbia, driven by increasing tourism and hospitality investments. Localized consumer preferences, technological integrations, and sustainability practices will likely influence market shifts. Policy changes in the European hospitality industry could also significantly impact production values across countries.
Top countries in Production Value of Accommodation and Food Services Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 14.9 | 2023 | +12.65% | +2.92% | View data |
| 2 | 2 France | 14.7 | 2023 | +9.72% | +2.4% | View data |
| 3 | 3 United Kingdom | 14.52 | 2023 | +1.66% | +2.24% | View data |
| 4 | 4 Spain | 11.79 | 2023 | +16.51% | +4.2% | View data |
| 5 | 5 Italy | 11.72 | 2023 | +9.71% | +1.39% | View data |
| 6 | 6 Netherlands | 4.27 | 2023 | +10.75% | +3.88% | View data |
| 7 | 7 Austria | 3.2 | 2023 | +9.72% | +3.5% | View data |
| 8 | 8 Switzerland | 3.13 | 2023 | +8.35% | +2.86% | View data |
| 9 | 9 Sweden | 2.43 | 2023 | +6.98% | +2.5% | View data |
| 10 | 10 Portugal | 2.41 | 2023 | +16.86% | +6.59% | View data |
