In 2024, Italy leads Europe with 82 young high-growth enterprises in accommodation services, followed by Portugal and Hungary with 60 and 35, respectively. Romania's 17 enterprises indicate modest growth, with the Czech Republic, Slovakia, Lithuania, and Norway trailing. In 2023, significant year-over-year growth was observed in Slovakia (18.47%), Hungary (16.95%), and Portugal (15.65%). Moderate growth was seen in Italy, Lithuania, and Romania, whereas the Czech Republic and Norway declined by 6.73% and 12.94%, respectively, reflecting diverse regional dynamics.
Future trends to watch include:
- Digital Transformation's role in Gazelles' scalability and market penetration.
- Green tourism and sustainable practices impacting growth opportunities.
- Potential of regional collaboration and funding to boost Gazelles' expansion.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Accommodation Services by Country
| # | 8 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 82 | 2023 | +30.16% | +6.1% | View data |
| 2 | 2 Portugal | 60 | 2023 | +39.53% | +15.65% | View data |
| 3 | 3 Hungary | 35 | 2023 | +34.62% | +16.95% | View data |
| 4 | 4 Romania | 17 | 2023 | +30.77% | +11.2% | View data |
| 5 | 5 Czech Republic | 12 | 2023 | +9.09% | -6.73% | View data |
| 6 | 6 Slovakia | 7 | 2023 | +40% | +18.47% | View data |
| 7 | 7 Lithuania | 6 | 2023 | +20% | +8.45% | View data |
| 8 | 8 Norway | 1 | 2023 | 0% | -12.94% | View data |
