In 2023, the European Gross Income of Accommodation and Food Services showed varied trends across countries. Spain experienced a significant growth of 30.9%, reflecting a strong recovery in tourism and domestic demand. The Netherlands saw a modest increase of 2.81%, indicating stable growth. Belgium had a slight decline of 0.29%, suggesting potential challenges in the sector. Slovenia's income grew by 1.4%, indicating slow but steady progress, while Estonia's remained unchanged compared to previous years.
Looking forward, key trends to watch include the influence of economic conditions on consumer behavior, recovery in international tourism, and the impact of technological advancements in service delivery across the sector.
Top countries in Gross Income of Accommodation and Food Services by Country
| # | 5 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 19,590 | 2023 | +12.97% | +30.9% | View data |
| 2 | 2 Netherlands | 4,040 | 2023 | +2.88% | +2.81% | View data |
| 3 | 3 Belgium | 1,130 | 2023 | +8.58% | -0.29% | View data |
| 4 | 4 Slovenia | 180.78 | 2023 | +9.15% | +1.4% | View data |
| 5 | 5 Estonia | 1.68 | 2023 | +77.22% | View data |
