Germany leads the European production value of accommodation services with a 15.57 million euros share, followed by Spain at 13.28 million euros, France at 12.25 million euros, and Italy at 11.73 million euros. The United Kingdom stands at 11.39 million euros. Other notable countries include Austria (5.04 million euros), the Netherlands (3.94 million euros), and Switzerland (3.47 million euros). The lowest shares are observed in Macedonia (0.039 million euros) and Bosnia and Herzegovina (0.06 million euros). The market has generally seen positive variations year-on-year, with significant growth in countries like Poland and Romania, both experiencing growth rates of over 8% in 2023. Serbia noted an exceptional growth rate of 30.58%.
Future trends to watch for include the continued recovery of the tourism sector post-pandemic, which may drive further growth in countries with strong tourism industries like Spain and Italy. The increasing popularity of sustainability-focused accommodations and digital transformation in the hospitality industry are likely to impact the production values positively. Markets in Eastern Europe, showing strong growth rates, could emerge as new leaders in the accommodation services sector.
- Germany: 15.57 million euros share, with 2.82% year-on-year growth in 2023.
- Spain: 13.28 million euros share, with 5.76% year-on-year growth in 2023.
- France: 12.25 million euros share, with 1.73% year-on-year growth in 2023.
- Italy: 11.73 million euros share, with 1.91% year-on-year growth in 2023.
- United Kingdom: 11.39 million euros share, with 1.5% year-on-year growth in 2023.
- Poland: experiencing 8.67% year-on-year growth in 2023.
- Romania: experiencing 8.79% year-on-year growth in 2023.
- Serbia: exceptional 30.58% year-on-year growth in 2023.
Top countries in Production Value of Accommodation Services Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 15.57 | 2023 | +14.41% | +2.82% | View data |
| 2 | 2 Spain | 13.28 | 2023 | +23.1% | +5.76% | View data |
| 3 | 3 France | 12.25 | 2023 | +11.5% | +1.73% | View data |
| 4 | 4 Italy | 11.73 | 2023 | +13.06% | +1.91% | View data |
| 5 | 5 United Kingdom | 11.39 | 2023 | +1.29% | +1.5% | View data |
| 6 | 6 Austria | 5.04 | 2023 | +10.83% | +4.33% | View data |
| 7 | 7 Netherlands | 3.94 | 2023 | +12% | +4.31% | View data |
| 8 | 8 Switzerland | 3.47 | 2023 | +9.52% | +2.43% | View data |
| 9 | 9 Greece | 3.12 | 2023 | +18.88% | +3.3% | View data |
| 10 | 10 Portugal | 2.69 | 2023 | +19.9% | +6.29% | View data |
