The 2023 data shows that Germany, Spain, France, and the UK are the top contributors to the European Accommodation Services turnover, with Germany leading at 41.98 billion euros. Spain, with a 4.88% increase, is closing the gap. Portugal and Poland saw significant year-on-year growth of 6.38% and 8.79%, respectively. Notably, Serbia experienced a remarkable 30.46% increase. Meanwhile, Iceland noted a decrease of 4.1%. Over the past five years, trend analysis indicates steady growth in regional accommodation services turnover.
Looking ahead, the European accommodation market is predicted to experience continued growth due to expanding tourism and digital transformation. Key uncertainties include economic fluctuations and environmental policies which may influence future accommodation services turnover rates.
Top countries in Turnover of Accommodation Services by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 41,980 | 2023 | +16.06% | +3.67% | View data |
| 2 | 2 Spain | 33,580 | 2023 | +21.22% | +4.88% | View data |
| 3 | 3 France | 30,150 | 2023 | +9.8% | +0.58% | View data |
| 4 | 4 United Kingdom | 30,080 | 2023 | +1.12% | +1.55% | View data |
| 5 | 5 Italy | 28,990 | 2023 | +14.26% | +2.19% | View data |
| 6 | 6 Austria | 13,610 | 2023 | +11.71% | +4.76% | View data |
| 7 | 7 Netherlands | 9,940 | 2023 | +13.71% | +4.43% | View data |
| 8 | 8 Switzerland | 8,340 | 2023 | +9.91% | +2.22% | View data |
| 9 | 9 Greece | 8,120 | 2023 | +20.18% | +3.83% | View data |
| 10 | 10 Portugal | 7,060 | 2023 | +20.22% | +6.38% | View data |
