The European accommodation services turnover shows an imbalance, with Germany leading significantly. Spain and France follow closely, while smaller markets like Croatia, Slovenia, and Malta have minimal shares. Year over year, Poland and Hungary showed high growth, suggesting potential market shifts. Notably, Iceland experienced a decrease, indicating challenges. Serbia and Macedonia's high growth percentages were remarkable among smaller countries, hinting at emerging markets.
Future trends to watch include technology's impact on reservation methods, the emphasis on sustainable travel, and potential geopolitical influences. Monitoring growth in Eastern Europe and the Mediterranean could reveal new tourist hotspots.
Top countries in Turnover of Accommodation Services Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 16.24 | 2023 | +16.06% | +3.67% | View data |
| 2 | 2 Spain | 12.99 | 2023 | +21.22% | +4.88% | View data |
| 3 | 3 France | 11.66 | 2023 | +9.8% | +0.58% | View data |
| 4 | 4 United Kingdom | 11.64 | 2023 | +1.12% | +1.55% | View data |
| 5 | 5 Italy | 11.21 | 2023 | +14.26% | +2.19% | View data |
| 6 | 6 Austria | 5.26 | 2023 | +11.71% | +4.76% | View data |
| 7 | 7 Netherlands | 3.85 | 2023 | +13.71% | +4.43% | View data |
| 8 | 8 Switzerland | 3.23 | 2023 | +9.91% | +2.22% | View data |
| 9 | 9 Greece | 3.14 | 2023 | +20.18% | +3.83% | View data |
| 10 | 10 Portugal | 2.73 | 2023 | +20.22% | +6.38% | View data |
