In 2023, Italy led with 36.96% of young high-growth enterprises in accommodation services in Europe, followed by Portugal at 27.05% and Hungary at 15.78%. Significant year-on-year growth was seen in Slovakia at 18.47% and Hungary at 16.95%, while Norway experienced a decline of 12.94%.
Future trends to watch include a potential rise in digital transformation initiatives across the sector, increasing cross-border collaboration and innovation in hospitality services, and the effect of evolving consumer preferences on market dynamics, potentially altering the landscape of young high-growth enterprises.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Accommodation Services Share by Country (Units (Enterprises))
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 36.96 | 2023 | +30.16% | +6.1% | View data |
| 2 | 2 Portugal | 27.05 | 2023 | +39.53% | +15.65% | View data |
| 3 | 3 Hungary | 15.78 | 2023 | +34.62% | +16.95% | View data |
| 4 | 4 Romania | 7.66 | 2023 | +30.77% | +11.2% | View data |
| 5 | 5 Czech Republic | 5.41 | 2023 | +9.09% | -6.73% | View data |
| 6 | 6 Slovakia | 3.16 | 2023 | +40% | +18.47% | View data |
| 7 | 7 Lithuania | 2.7 | 2023 | +20% | +8.45% | View data |
| 8 | 8 Norway | 0.45 | 2023 | 0% | -12.94% | View data |
