The European Turnover of Accommodation and Food Services by country in 2023 was led by the United Kingdom (14.95%), followed closely by Germany (14.94%) and France (14.24%). Italy and Spain also held significant shares with 11.44% and 11.35% respectively. Lower shares were noted for smaller economies such as the Netherlands (4.13%), Austria (3.25%), and Switzerland (2.86%). The bottom end saw countries like Macedonia (0.056%), Estonia (0.15%), and Bosnia and Herzegovina (0.13%).
Year-on-year variations were particularly notable in Poland (8.69%), Romania (8.5%), and Bosnia and Herzegovina (8.5%), while Iceland saw a decrease (-1.14%). Serbia also experienced a remarkable growth rate of 20.36%. Trends over the last five years indicate a consistent growth pattern across most countries, with emerging economies seeing sharper increases.
Future trends to watch for include continued growth in larger markets such as the UK, Germany, and France, driven by increased tourism and consumer spending. However, significant growth is anticipated in emerging markets like Poland, Romania, and Serbia, indicating potential opportunities for investment and expansion in these regions.
Top countries in Turnover of Accommodation and Food Services Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 14.95 | 2023 | +1.37% | +1.59% | View data |
| 2 | 2 Germany | 14.94 | 2023 | +14.2% | +3.67% | View data |
| 3 | 3 France | 14.24 | 2023 | +9.14% | +2.27% | View data |
| 4 | 4 Italy | 11.44 | 2023 | +10.15% | +1.45% | View data |
| 5 | 5 Spain | 11.35 | 2023 | +15.06% | +3.77% | View data |
| 6 | 6 Netherlands | 4.13 | 2023 | +12.05% | +3.86% | View data |
| 7 | 7 Austria | 3.25 | 2023 | +10.71% | +3.99% | View data |
| 8 | 8 Switzerland | 2.86 | 2023 | +8.41% | +2.83% | View data |
| 9 | 9 Portugal | 2.47 | 2023 | +16.64% | +6.49% | View data |
| 10 | 10 Belgium | 2.45 | 2023 | +12.89% | +4.22% | View data |
