The forecasted European Value Added of Accommodation highlights Italy as the market leader with 23.11 billion euros. Germany and France follow, each with significant contributions exceeding 16 billion euros. Greece and Ireland showcase moderate values, while countries like Croatia and Belgium remain stable at 2.1 billion euros. In 2023, Italy witnessed a 1.21% increase, whereas Belgium had a notable rise of 3.26%. Slovenia and Slovakia saw minimal or negative growth rates. The 5-year CAGR reveals steady increments, reflecting gradual economic recovery and tourism sector resilience across Europe.
Future trends to watch involve the impact of digitalization and sustainability on accommodation value. Rising traveler expectations, regulatory changes, and investment in green infrastructure could significantly influence the landscape. Increased focus on boutique accommodations and personalized offerings may also drive sector evolution in major markets.
Top countries in Value Added of Accommodation by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 23,110 | 2023 | +1.31% | +1.21% | View data |
| 2 | 2 Germany | 19,050 | 2023 | +1.88% | +1.89% | View data |
| 3 | 3 France | 16,330 | 2023 | +2.09% | +2.37% | View data |
| 4 | 4 Greece | 10,670 | 2023 | +2.73% | +2.76% | View data |
| 5 | 5 Ireland | 2,530 | 2023 | +2.79% | +2.49% | View data |
| 6 | 6 Croatia | 2,100 | 2023 | +20.11% | +3.08% | View data |
| 7 | 7 Belgium | 2,100 | 2023 | +2.39% | +3.26% | View data |
| 8 | 8 Finland | 827 | 2023 | +1.85% | +1.84% | View data |
| 9 | 9 Slovenia | 461.24 | 2023 | +2.13% | +1.58% | View data |
| 10 | 10 Slovakia | 297.7 | 2023 | +4.58% | -2.89% | View data |
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