The global hospitality sector exhibits notable variance, with France and Portugal leading in enterprise numbers, while Malta and Iceland have the fewest. In 2023, steady growth was seen across most countries. France saw a 3.56% increase, Portugal 3.36%, and Serbia’s hospitality sector surged by over 20%. However, Estonia experienced a significant drop of 5.64%. Over the past five years, growth, on average, varied significantly between countries, reflecting diverse market dynamics and regional economic conditions.
Looking into the future, key trends to watch include:
- Impact of technology and digitalization on operations and customer experiences.
- Shifts in travel patterns due to economic and geopolitical changes.
- Focus on sustainable and eco-friendly practices in hospitality.
- Growth potential in emerging markets with improved infrastructure.
Top countries in Hospitality Enterprises by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 61,170 | 2023 | +3.19% | +3.56% | View data |
| 2 | 2 Portugal | 44,130 | 2023 | +4.47% | +3.36% | View data |
| 3 | 3 Hungary | 41,100 | 2023 | +1.62% | +1.93% | View data |
| 4 | 4 Russia | 32,920 | 2023 | +3.51% | +3.24% | View data |
| 5 | 5 Bulgaria | 32,530 | 2023 | +2.63% | +2.84% | View data |
| 6 | 6 United Kingdom | 19,060 | 2023 | +1.11% | +1.2% | View data |
| 7 | 7 Ireland | 18,850 | 2023 | +0.66% | +0.35% | View data |
| 8 | 8 Chile | 13,750 | 2023 | +2.08% | +1.41% | View data |
| 9 | 9 Australia | 13,110 | 2023 | -0.14% | -0.16% | View data |
| 10 | 10 Romania | 8,860 | 2023 | +2.31% | +2.23% | View data |
