In 2023, Spain led the hospitality industry with 268.99 thousand establishments, showcasing a 3.2% growth from the previous year. Italy (230.0 thousand) and the United States (72.75 thousand) followed, with modest increases of 1.25% and 1.06%, respectively. Greece experienced a 1.42% rise, while Switzerland saw a decline of 2.79%. Brazil and Belgium showed resilience with 1.79% and 3.88% growth, whereas Canada faced a slight drop of 0.25%. The Netherlands registered the highest growth at 5.39%. Emerging markets like South Korea and Latvia saw notable expansions of 3.7% and 2.97%, respectively, hinting at their potential in the sector.
Future trends to watch include sustainable tourism practices and technological integration, which can reshape hospitality landscapes globally. Countries investing in digital transformation and eco-friendly solutions are likely to see accelerated growth. Additionally, emerging markets may continue to expand due to increasing travel accessibility and economic development.
Top countries in Hospitality Enterprises by Country
| # | 10 Countries | Units (Establishments) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 268,990 | 2023 | +2.76% | +3.2% | View data |
| 2 | 2 Italy | 230,000 | 2023 | +2.1% | +1.25% | View data |
| 3 | 3 United States | 72,750 | 2023 | +1.7% | +1.06% | View data |
| 4 | 4 Greece | 52,960 | 2023 | +0.66% | +1.42% | View data |
| 5 | 5 Switzerland | 35,750 | 2023 | -1.87% | -2.79% | View data |
| 6 | 6 Brazil | 32,300 | 2023 | +1.65% | +1.79% | View data |
| 7 | 7 Canada | 21,030 | 2023 | +0.23% | -0.25% | View data |
| 8 | 8 Czech Republic | 12,100 | 2023 | +2.14% | +3.46% | View data |
| 9 | 9 Belgium | 11,800 | 2023 | +5.08% | +3.88% | View data |
| 10 | 10 Netherlands | 11,150 | 2023 | +4.78% | +5.39% | View data |
