The 2023 European hotel production value data underscores Germany as the leader with €35.09 billion, followed by Spain and Italy. France experienced a slight decline, while Poland and Slovakia witnessed significant growth. Serbia’s hotel sector showed an outstanding 31.47% increase. Notable stability was seen in countries like Ireland and Finland, with Malta also maintaining steady growth.
Future trends to watch include the increasing investment in emerging markets such as Serbia and Bosnia and Herzegovina, potential further growth in Poland and Slovakia, and how sustainability and digital transformations may reshape the hotel industry landscape across Europe. Monitoring post-pandemic recovery and economic shifts will be crucial.
Top countries in Production Value of Hotels by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 35,090 | 2023 | +14.79% | +2.36% | View data |
| 2 | 2 Spain | 26,940 | 2023 | +20.64% | +3.67% | View data |
| 3 | 3 Italy | 23,560 | 2023 | +13.85% | +1.92% | View data |
| 4 | 4 United Kingdom | 23,350 | 2023 | +1.35% | +1.48% | View data |
| 5 | 5 France | 19,810 | 2023 | +11.2% | -0.41% | View data |
| 6 | 6 Austria | 11,700 | 2023 | +10.37% | +3.87% | View data |
| 7 | 7 Switzerland | 8,470 | 2023 | +9.55% | +2.32% | View data |
| 8 | 8 Netherlands | 6,940 | 2023 | +13.2% | +3.29% | View data |
| 9 | 9 Greece | 6,910 | 2023 | +19.13% | +3.1% | View data |
| 10 | 10 Sweden | 5,500 | 2023 | +9.96% | +2.52% | View data |
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