European Household Expenditure on Restaurants and Hotels by Country

European household expenditure on restaurants and hotels exhibits considerable variation by country, with Montenegro (13.9%) leading, followed by Greece (10.9%) and Cyprus (10.1%). Southern European nations generally display higher spending levels, while Western and Northern European countries like Germany (2.4%) and Norway (2.2%) report lower figures. Most countries show a year-on-year decline, such as Malta (-8.85%) and Greece (-3.46%), with notable exceptions like Serbia, which boasts a substantial increase of 13.09%. Overall, the compound annual growth rate (CAGR) of household expenditure varies significantly, reflecting differing economic conditions and consumer behavior across the continent.

Future trends to watch include the potential recovery of household expenditure on leisure and hospitality in the post-pandemic economy, influenced by tourism dynamics and broader economic stability. Regions displaying significant declines might stabilize, whereas growth in countries like Serbia may inspire similar upward trends in neighboring areas. Monitoring economic indicators alongside consumer confidence will be crucial to predicting future expenditure patterns.