In 2023, European household expenditure on accommodation services varies significantly across countries. The United Kingdom leads the market followed by Italy, France, Germany, and Spain. Remarkable year-on-year growth is seen in countries like the United Kingdom (2.55%), Spain (4.32%), and the Netherlands (4.28%). Conversely, countries such as Italy (-3.4%) and Greece (-3.09%) witnessed notable declines. Over the past five years, trends indicate an increasing focus on Northern European countries, whereas Southern and Eastern European countries show mixed results.
Future trends to watch for include:
- The potential stabilization of the UK's accommodation expenditure growth rate.
- Italy and Greece possibly rebounding from negative trends due to improved economic conditions.
- Continued strong performance by Spain and the Netherlands in attracting domestic and international tourists, boosting accommodation services expenditure.
- Emerging markets in Eastern Europe, especially Macedonia, showing potential for higher growth rates and market expansion.
Top countries in Household Expenditure on Accommodation Services Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 19.46 | 2023 | +1.91% | +2.55% | View data |
| 2 | 2 Italy | 14.1 | 2023 | -18.11% | -3.4% | View data |
| 3 | 3 France | 12.85 | 2023 | -16.94% | -0.059% | View data |
| 4 | 4 Germany | 12.24 | 2023 | -17.39% | -0.43% | View data |
| 5 | 5 Spain | 8.87 | 2023 | -16.64% | +4.32% | View data |
| 6 | 6 Netherlands | 5.39 | 2023 | -20.03% | +4.28% | View data |
| 7 | 7 Portugal | 3.96 | 2023 | -13.68% | +1.27% | View data |
| 8 | 8 Austria | 3.71 | 2023 | -21.81% | +0.7% | View data |
| 9 | 9 Greece | 3.08 | 2023 | -15.2% | -3.09% | View data |
| 10 | 10 Croatia | 2.11 | 2023 | -20.41% | -0.63% | View data |