In 2023, European labor costs in accommodation and food services were led by France at €41.72 billion, followed by Germany and Italy. Countries like Slovakia, Luxembourg, and Slovenia recorded lower costs. Notably, smaller economies such as Lithuania and Latvia showed year-on-year increases over 3.5%, indicating dynamic growth potential. Conversely, more mature markets like France and Spain reported slower growth. The latest CAGR data suggests consistent annual growth across various countries, with Slovakia leading.
Future trends to monitor include potential impacts of automation and digitalization, economic fluctuations influencing disposable income, and shifts in tourism patterns influencing labor demand in accommodation and food services.
Top countries in Labour Costs in Accommodation and Food Services by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 41,720 | 2023 | +2.04% | +1.99% | View data |
| 2 | 2 Germany | 39,070 | 2023 | +2.48% | +2.99% | View data |
| 3 | 3 Italy | 34,990 | 2023 | +2.37% | +2.56% | View data |
| 4 | 4 Spain | 34,910 | 2023 | +1.97% | +1.87% | View data |
| 5 | 5 Austria | 9,580 | 2023 | +2.49% | +2.47% | View data |
| 6 | 6 Netherlands | 8,590 | 2023 | +2.37% | +2.2% | View data |
| 7 | 7 Portugal | 5,670 | 2023 | +2.43% | +2.11% | View data |
| 8 | 8 Belgium | 5,600 | 2023 | +2.51% | +3.01% | View data |
| 9 | 9 Ireland | 4,620 | 2023 | +2.71% | +3.05% | View data |
| 10 | 10 Greece | 4,460 | 2023 | +2.4% | +3.08% | View data |
