The European accommodation and food services sector in 2023 was largely led by major economies like the United Kingdom, France, and Italy. The United Kingdom witnessed a healthy growth of 1.64%, while countries like Poland, Romania, and Ireland showed significant output increases, primarily due to economic stability and tourism booms. In contrast, southern European countries like Italy and Spain faced slight declines. Emerging markets like Lithuania and Albania recorded notable growths of 7.3% and 7.43% respectively, indicating a shift towards developing regions.
Looking ahead, expect continued expansion in Eastern European countries driven by increased tourism investments and EU funds, while Western Europe's mature markets face slower growth and competition from sustainable hospitality solutions.
Top countries in Accommodation and Food Services Output Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 15.15 | 2023 | +1.43% | +1.64% | View data |
| 2 | 2 France | 14.2 | 2023 | -12.6% | +0.58% | View data |
| 3 | 3 Italy | 13.52 | 2023 | -9.7% | -1.3% | View data |
| 4 | 4 Spain | 12.82 | 2023 | -13.19% | -3.03% | View data |
| 5 | 5 Germany | 11.61 | 2023 | -14.03% | -0.58% | View data |
| 6 | 6 Netherlands | 3.58 | 2023 | -20.29% | -0.038% | View data |
| 7 | 7 Austria | 3.3 | 2023 | -12.27% | -0.85% | View data |
| 8 | 8 Switzerland | 2.72 | 2023 | -11.39% | -0.49% | View data |
| 9 | 9 Portugal | 2.37 | 2023 | -21.51% | +0.5% | View data |
| 10 | 10 Greece | 2.33 | 2023 | -17.94% | -2.42% | View data |
