The European short-stay accommodation market shows notable variance in turnover across countries. France leads with €7.11 billion, followed by Italy and Spain at €5.29 billion and €3.5 billion, respectively. Germany and the UK follow closely, while smaller markets like Slovenia and Malta show rapid growth, highlighting potential for future investment. Year-on-year growth is pronounced in Portugal, Poland, and Romania, indicating robust demand. Conversely, Switzerland and Denmark demonstrated decline. The 5-year CAGR suggests significant upward trends in emerging markets such as Romania and Portugal.
Future trends to watch include the growth in Eastern European markets, propelled by increasing travel demand and investments in tourism infrastructure. Additionally, sustainability and technological advancements in accommodation services will likely drive transformation in the market landscape. Monitoring economic fluctuations post-Brexit is essential for understanding the UK market's trajectory.
Top countries in Turnover of Short-Stay Accommodations by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 7,110 | 2023 | +10.48% | +3.33% | View data |
| 2 | 2 Italy | 5,290 | 2023 | +12.18% | +2.69% | View data |
| 3 | 3 Spain | 3,500 | 2023 | +16.97% | +5.88% | View data |
| 4 | 4 Germany | 3,320 | 2023 | +9.84% | +4.08% | View data |
| 5 | 5 United Kingdom | 2,860 | 2023 | +1.78% | +2.34% | View data |
| 6 | 6 Portugal | 1,630 | 2023 | +20.85% | +11.68% | View data |
| 7 | 7 Poland | 1,550 | 2023 | +15.98% | +10.89% | View data |
| 8 | 8 Greece | 1,240 | 2023 | +23.03% | +8.22% | View data |
| 9 | 9 Belgium | 489.3 | 2023 | +4.04% | +0.87% | View data |
| 10 | 10 Sweden | 282.2 | 2023 | +3.75% | +1.05% | View data |
