The European output of Accommodation and Food Services in 2023 showed significant contributions from France and Germany, with France leading at 43.79 million euros and Germany close behind at 35.81 million euros. Other notable contributors include Greece and Belgium, far less substantial yet important within their contexts. Remarkably, Lithuania experienced the highest growth rate at 9.32%, while Estonia followed at 4.67%. This indicates a strong upward trajectory in these countries, reflecting potential market expansions or increased tourism activities.
Future trends to watch include the impact of fluctuating economic conditions on tourism, ongoing digitalization within the industry, and sustainability practices which are likely to influence spending patterns and service offerings. Additionally, geopolitical events may alter tourism flows, affecting forecasts. Monitoring these factors will provide a clearer picture of potential market movements.
Top countries in Output of Accommodation and Food Services Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 43.79 | 2023 | +12.37% | +4.38% | View data |
| 2 | 2 Germany | 35.81 | 2023 | +10.61% | +3.17% | View data |
| 3 | 3 Greece | 7.49 | 2023 | +1.26% | +2.09% | View data |
| 4 | 4 Belgium | 6.78 | 2023 | +11.04% | +2.94% | View data |
| 5 | 5 Croatia | 1.85 | 2023 | +15.84% | +3.76% | View data |
| 6 | 6 Cyprus | 0.92 | 2023 | +14.08% | +2.36% | View data |
| 7 | 7 Slovakia | 0.81 | 2023 | +8.84% | +2.62% | View data |
| 8 | 8 Slovenia | 0.8 | 2023 | +14.67% | +4.28% | View data |
| 9 | 9 Luxembourg | 0.73 | 2023 | +11.53% | +4.12% | View data |
| 10 | 10 Lithuania | 0.61 | 2023 | +15.71% | +9.32% | View data |
