In 2023, Germany, Spain, and the United Kingdom led the European market in wages and salaries of accommodation services, contributing significantly to the sector. Germany holds the highest share, with a growth rate of 3.99% year-on-year. Notably, emerging markets like Romania and Lithuania saw significant growth, with 15.08% and 21.96% increases, respectively, indicating rapid sector development. Conversely, Iceland faced a decline of 2.48%.
Future trends to consider include: sustainable tourism impacting wage structures, fluctuating labor markets due to political events like Brexit, and digitalization influencing service demand and employment needs.
Top countries in Wages and Salaries of Accommodation Services Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 17.64 | 2023 | +13.94% | +3.99% | View data |
| 2 | 2 Spain | 13.74 | 2023 | +18.24% | +5.53% | View data |
| 3 | 3 United Kingdom | 12.62 | 2023 | +1.21% | +1.49% | View data |
| 4 | 4 France | 11.34 | 2023 | +8.73% | +1.96% | View data |
| 5 | 5 Italy | 8.42 | 2023 | +11.24% | +1.14% | View data |
| 6 | 6 Switzerland | 5.46 | 2023 | +8.09% | +3.22% | View data |
| 7 | 7 Austria | 4.99 | 2023 | +8.11% | +3.8% | View data |
| 8 | 8 Greece | 3.04 | 2023 | +18.41% | +5.62% | View data |
| 9 | 9 Netherlands | 3.02 | 2023 | +3.64% | +3.81% | View data |
| 10 | 10 Sweden | 2.35 | 2023 | +8.03% | +3.42% | View data |
