European Household Expenditure on Restaurants and Hotels by Country

The analysis of European household expenditure on restaurants and hotels in 2023 reveals that the United Kingdom leads with significant spending, followed by Spain, Italy, France, and Germany. Many countries experienced slight declines year-on-year, while those like Sweden, Poland, and Romania saw notable increases. Serbia exhibited the highest positive variation, while Malta saw a significant decline. Smaller economies, such as Baltic and Balkan nations, showed varied growth, with Lithuania standing out for its remarkable increase.

Future trends to watch include recovery patterns in tourism-heavy nations, impacts of economic policies on spending, and potential shifts due to lifestyle changes post-pandemic. Monitoring how smaller economies catch up or diverge in expenditure patterns will also be essential.