The analysis of Gazelles in the Accommodation and Food Services sector in Europe for 2023 shows Italy leading with a share value of 25.76%, followed closely by Portugal and Hungary at 23.7% and 22.53% respectively. Romania and Czech Republic follow with values of 10.64% and 7.05%. Other countries like Lithuania, Slovakia, Latvia, and Norway have much lower shares. Year-on-year growth in 2023 was most significant for Hungary with a 24.9% increase, while Slovakia and Latvia saw relatively modest increases of 7.49% and 5.15%. Over the last five years, consistent CAGR trends suggest that Hungary and Portugal continue to bolster their positions in the market.
Future trends to monitor include potential shifts in market share as economic conditions and regulatory policies evolve in Europe. Focus on technological advancements and investment opportunities within the industry could influence growth rates, offering notable prospects for Gazelles in other emerging European countries.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Accommodation and Food Services Share by Country (Units (Enterprises))
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 25.76 | 2023 | +30% | +10.1% | View data |
| 2 | 2 Portugal | 23.7 | 2023 | +32.38% | +13.63% | View data |
| 3 | 3 Hungary | 22.53 | 2023 | +27.39% | +24.9% | View data |
| 4 | 4 Romania | 10.64 | 2023 | +33.03% | +9.77% | View data |
| 5 | 5 Czech Republic | 7.05 | 2023 | +23.08% | +3.71% | View data |
| 6 | 6 Lithuania | 6.53 | 2023 | +21.92% | +5.22% | View data |
| 7 | 7 Slovakia | 2.42 | 2023 | +17.86% | +7.49% | View data |
| 8 | 8 Latvia | 0.66 | 2023 | 0% | +5.15% | View data |
| 9 | 9 Norway | 0.59 | 2023 | +33.33% | +9.86% | View data |
