The year-on-year analysis of the European Hotels, Motels, Inns, and Similar Accommodation Services HICP indicates significant variability across countries in 2024. Portugal shows the highest increase with 32.2%, followed by Spain and Latvia. Central and Eastern European countries, such as Bulgaria, Hungary, and Romania, report more moderate increases. Meanwhile, Malta and Kosovo demonstrate minimal growth, indicating a divergence within the market.
Future trends to watch include:
- Inflationary pressures in Southern and Southwestern Europe could influence pricing dynamics.
- The impact of geopolitical events on travel patterns and accommodation demand.
- Technological advancements in accommodation booking and guest experiences.
- Sustainability measures affecting operational costs and consumer preferences.
Top countries in Hotels, Motels, Inns and Similar Accommodation Services HICP by Country
| # | 10 Countries | Percent, Change on Previous Period | Last Year | |
|---|---|---|---|---|
| 1 | 1 Portugal | 32.2 | 2022 | View data |
| 2 | 2 Spain | 28.7 | 2022 | View data |
| 3 | 3 Latvia | 26.7 | 2022 | View data |
| 4 | 4 Sweden | 24.8 | 2022 | View data |
| 5 | 5 Croatia | 22.2 | 2022 | View data |
| 6 | 6 Macedonia | 22 | 2022 | View data |
| 7 | 7 Netherlands | 21.5 | 2022 | View data |
| 8 | 8 Czech Republic | 20.6 | 2022 | View data |
| 9 | 9 Lithuania | 18.7 | 2022 | View data |
| 10 | 10 Greece | 18.4 | 2022 | View data |
