The wage landscape in Europe's accommodation and food services sector in 2023 demonstrates notable disparities. The United Kingdom leads with the highest wage and salary value at €34.73 billion, followed closely by Germany and France. Significant growth rates were observed in Romania, Lithuania, and Bulgaria, indicating rapid wage increases. In contrast, Iceland experienced a decline. While larger economies like Spain and Poland saw solid growth rates above 5%, Mediterranean economies like Italy, Greece, and Cyprus have lagged somewhat behind.
Future trends to watch include the potential impact of inflationary pressures, labor market shifts, and economic conditions on wages, alongside staffing issues which could significantly influence salary dynamics across Europe. With the industry's ongoing recovery from the pandemic, both structural and economic factors will shape how wages evolve in the accommodation and food services sector. Monitoring labor policies across the EU will be crucial as they may further drive changes in wage distribution.
Top countries in Wages and Salaries of Accommodation and Food Services by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 34,730 | 2023 | +1.78% | +1.96% | View data |
| 2 | 2 Germany | 31,910 | 2023 | +13.16% | +4.15% | View data |
| 3 | 3 France | 31,850 | 2023 | +9.37% | +3.79% | View data |
| 4 | 4 Spain | 25,060 | 2023 | +15.1% | +5.29% | View data |
| 5 | 5 Italy | 18,770 | 2023 | +10.77% | +2.38% | View data |
| 6 | 6 Switzerland | 9,410 | 2023 | +6.87% | +3.24% | View data |
| 7 | 7 Netherlands | 6,500 | 2023 | +2.72% | +2.78% | View data |
| 8 | 8 Austria | 6,290 | 2023 | +7.4% | +3.29% | View data |
| 9 | 9 Sweden | 4,370 | 2023 | +6.16% | +2.44% | View data |
| 10 | 10 Portugal | 4,040 | 2023 | +9.54% | +7.16% | View data |
