In 2023, Spain led the European Net Operating Surplus in Accommodation and Food Services, reflecting its robust tourism industry. Italy and France followed, while Germany and Austria also contributed significantly. Over the past year, France and Greece showed noteworthy growth, with France increasing by nearly 5% and Greece by over 4%. Spain and Germany experienced moderate growth. The largest declines were seen in Slovakia and Luxembourg, indicating potential challenges in these markets.
Future trends to watch include technological advancement in the sector, shifting consumer preferences towards sustainable practices, and the impact of economic fluctuations on tourism. Additionally, Southern European countries may continue to dominate the net operating surplus due to their strong tourism sectors.
Top countries in Net Operating Surplus in Accommodation and Food Services Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 27.1 | 2023 | +1% | +1.1% | View data |
| 2 | 2 Italy | 21.51 | 2023 | +1.18% | +0.98% | View data |
| 3 | 3 France | 14.59 | 2023 | +2.12% | +4.95% | View data |
| 4 | 4 Germany | 9.56 | 2023 | +1.77% | +1.16% | View data |
| 5 | 5 Austria | 7.55 | 2023 | +2.23% | +2.19% | View data |
| 6 | 6 Greece | 5.91 | 2023 | +2.01% | +4.07% | View data |
| 7 | 7 Netherlands | 5.43 | 2023 | +3.08% | +3.04% | View data |
| 8 | 8 Portugal | 4.29 | 2023 | +2.74% | +2.75% | View data |
| 9 | 9 Belgium | 1.76 | 2023 | +2.3% | +2.98% | View data |
| 10 | 10 Ireland | 0.82 | 2023 | +3.45% | +2.6% | View data |
