In 2024, Italy led European production volumes in the accommodation and food services sector with 26.94 million euros, closely followed by France at 25.96 million euros and Germany at 21.99 million euros. The Netherlands and Austria also registered significant figures with 6.45 and 6.23 million euros, respectively. Smaller markets like Finland, Slovenia, and Luxembourg recorded values below 2 million euros. In 2023, Latvia and Estonia notably saw year-on-year variations of 2.53% and 2.31%, respectively, indicating emerging trends in these smaller markets over the past couple of years. The CAGR over the last five years suggests gradual but steady growth for most countries.
Looking ahead, industry observers should monitor advancements in sustainability practices, technology integration in services, and shifts in consumer preferences post-pandemic. Markets in Eastern Europe, notably Latvia and Estonia, may continue experiencing robust growth given recent trends, while larger economies like Italy, France, and Germany might focus on innovation to maintain their leading positions.
Top countries in Production Volumes of Accommodation and Food Services Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 26.94 | 2023 | +1.07% | +1.05% | View data |
| 2 | 2 France | 25.96 | 2023 | +1.18% | +1.66% | View data |
| 3 | 3 Germany | 21.99 | 2023 | +1.08% | +1.24% | View data |
| 4 | 4 Netherlands | 6.45 | 2023 | +1.33% | +1.16% | View data |
| 5 | 5 Austria | 6.23 | 2023 | +1.06% | +1% | View data |
| 6 | 6 Greece | 5.09 | 2023 | +1.07% | +1.45% | View data |
| 7 | 7 Belgium | 4.12 | 2023 | +0.96% | +1.11% | View data |
| 8 | 8 Finland | 1.89 | 2023 | +0.94% | +0.82% | View data |
| 9 | 9 Slovenia | 0.45 | 2023 | +1.46% | +1.21% | View data |
| 10 | 10 Luxembourg | 0.39 | 2023 | +0.74% | +0.81% | View data |
