European Household Expenditure on Restaurants and Hotels Share by Country (Million Euros)

The European household expenditure on restaurants and hotels in 2023 showed notable variations across countries. The United Kingdom leads with its highest value at 20.3 million euros, also experiencing a positive year-on-year variation of 1.99%. Spain, Italy, and France follow, with Spain showing a slight decline of 0.66% and Italy a more significant drop of 2.37%. Germany also saw a minor reduction of 0.83%. Conversely, Switzerland exhibited one of the notable increases of 1.73%, alongside countries like Sweden (3.81%) and Poland (3.93%). In contrast, some nations like Greece and Portugal observed declines of 2.56% and 1.26%, respectively. Smaller markets such as Lithuania and Romania showed significant upticks, at 10.01% and 4.4%, respectively. Serbia's expenditure surged remarkably by 24.22%, indicating a robust growth trend in household spending in these sectors.

Future trends to watch in European household expenditure on restaurants and hotels include anticipated continuous growth in emerging markets like Lithuania, Romania, and Latvia due to their high year-on-year variations. Conversely, mature markets like Spain, Italy, and Germany may continue to experience modest declines or stabilize. Additionally, geopolitical and economic factors, including changes in tourism dynamics post-pandemic, will likely influence future spending patterns across Europe.