The European Accommodation Services Turnover Index for 2024 forecasts a prominent growth in Albania and Serbia, experiencing the most significant year-on-year variations of 26.16% and 23.77%, respectively, compared to 2022. Meanwhile, Macedonia is expected to see a reduction, with a negative variation of 8.03%. Overall, Eastern and Southern European countries depict strong positive growth trends over the past 5 years, indicating improving hospitality sectors. Central and Northern European countries like Germany and Czech Republic show modest gains, reflecting a more stable market. Malta faces a decline in turnover, signaling potential market challenges or saturation.
Future trends to watch include potential macroeconomic impacts such as inflation rates, changes in travel preferences post-pandemic, and the evolving competitiveness among countries. Additionally, the influence of digital transformation and sustainability initiatives on accommodation services might significantly shift the market dynamics in the upcoming years.
Top countries in Accommodation Services Turnover Index by Country
| # | 10 Countries | Indexes 2015 = 100, Calendar Adjusted | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Albania | 430.8 | 2022 | +51.69% | +26.16% | View data |
| 2 | 2 Serbia | 290.7 | 2022 | +176.07% | +23.77% | View data |
| 3 | 3 Hungary | 194.4 | 2022 | +105.28% | +8.96% | View data |
| 4 | 4 Bulgaria | 191.1 | 2022 | +68.22% | +8.55% | View data |
| 5 | 5 Poland | 188.6 | 2022 | +67.79% | +8.38% | View data |
| 6 | 6 Bosnia and Herzegovina | 181.4 | 2022 | +40.4% | +7.31% | View data |
| 7 | 7 Romania | 167.1 | 2022 | +65.61% | +6.86% | View data |
| 8 | 8 Lithuania | 160.6 | 2022 | +67.99% | +5.58% | View data |
| 9 | 9 Slovakia | 152.4 | 2022 | +106.22% | +5.14% | View data |
| 10 | 10 Croatia | 151.5 | 2022 | +45.81% | +5.13% | View data |
