The European Net Operating Surplus in Accommodation and Food Services exhibits significant variance across countries. In 2023, Spain led the sector with 33.59 billion Euros, followed by Italy, France, and Germany. Notable year-on-year growth was seen in France at 4.95% and Greece at 4.07%. Conversely, Slovakia and Luxembourg experienced declines, with Slovakia decreasing by 7.94% and Luxembourg by 19%. Looking at five-year trends, robust growth is observed in numerous countries, especially in southern Europe and the Netherlands, while smaller European nations face stagnation or decline.
Future trends to watch include the impact of economic recovery post-pandemic, evolving consumer preferences towards sustainable tourism, and digitization within the sector. Monitoring how these factors influence net operating surpluses will be crucial for industry stakeholders.
Top countries in Net Operating Surplus in Accommodation and Food Services by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 33,590 | 2023 | +1% | +1.1% | View data |
| 2 | 2 Italy | 26,660 | 2023 | +1.18% | +0.98% | View data |
| 3 | 3 France | 18,090 | 2023 | +2.12% | +4.95% | View data |
| 4 | 4 Germany | 11,860 | 2023 | +1.77% | +1.16% | View data |
| 5 | 5 Austria | 9,350 | 2023 | +2.23% | +2.19% | View data |
| 6 | 6 Greece | 7,330 | 2023 | +2.01% | +4.07% | View data |
| 7 | 7 Netherlands | 6,730 | 2023 | +3.08% | +3.04% | View data |
| 8 | 8 Portugal | 5,310 | 2023 | +2.74% | +2.75% | View data |
| 9 | 9 Belgium | 2,190 | 2023 | +2.3% | +2.98% | View data |
| 10 | 10 Ireland | 1,020 | 2023 | +3.45% | +2.6% | View data |
