The European Accommodation Services Production Index reveals notable disparities among countries. In 2023, Bulgaria led with a production index of 15.17, followed closely by Slovakia and Slovenia, both showing strong increases. Conversely, Lithuania and Latvia witnessed declines, while Hungary stagnated. Germany, Sweden, and France showed modest increases, highlighting stability in their accommodation services. Finland and the Czech Republic faced challenges with slight and significant reductions, respectively. Overall, trends over the past two years suggest varied resilience, with Bulgaria displaying significant growth and the Czech Republic experiencing a downturn.
Future trends to watch for include:
- The potential for sustained growth in Eastern European countries like Bulgaria, driving regional improvement.
- Adaptation strategies by Lithuania and Latvia to reverse current declines.
- Germany, Sweden, and France maintaining growth through digital innovations and sustainable tourism initiatives.
- The Czech Republic's efforts to rebound amidst market pressures.
Top countries in Accommodation Services Production Index by Country
| # | 10 Countries | Indexes 2015 = 100, Calendar Adjusted | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Bulgaria | 151.7 | 2022 | +57.2% | +9.36% | View data |
| 2 | 2 Slovakia | 146.3 | 2022 | +84.72% | +4.34% | View data |
| 3 | 3 Slovenia | 144.9 | 2022 | +73.12% | +5.15% | View data |
| 4 | 4 Romania | 140.8 | 2022 | +56.27% | +3.25% | View data |
| 5 | 5 Lithuania | 127.9 | 2022 | +49.59% | -2.48% | View data |
| 6 | 6 Hungary | 127.6 | 2022 | +83.33% | View data | |
| 7 | 7 Latvia | 113.3 | 2022 | +64.92% | -3.86% | View data |
| 8 | 8 Germany | 112.8 | 2022 | +66.13% | +1.21% | View data |
| 9 | 9 Sweden | 111.3 | 2022 | +34.58% | +1.08% | View data |
| 10 | 10 France | 110.9 | 2022 | +50.68% | +1.55% | View data |
