In 2024, forecasts show significant disparities in the growth of the European Accommodation Services Turnover Index among individual countries. As of now, Albania leads with a remarkable value, followed by Serbia and Hungary. The past two years saw notable growth rates, particularly in Albania and Serbia—surging by 26.16% and 23.77% respectively—illustrating a robust upward trend. Meanwhile, countries like Macedonia and Malta faced declines, indicating potential challenges in revitalizing their accommodation sectors.
Future indicators suggest economic recovery and tourism patterns will greatly influence the turnover index. Watch for potential impacts from softening global travel restrictions, evolving digital trends in accommodation bookings, and shifts in consumer preferences towards sustainable travel which could reshape the regional landscape dramatically. Cost-of-living and exchange rate variations might also play crucial roles in shaping these trends moving forward.
Top countries in Accommodation Services Turnover Index by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Albania | 430.8 | 2022 | +51.69% | +26.16% | View data |
| 2 | 2 Serbia | 290.5 | 2022 | +176.67% | +23.77% | View data |
| 3 | 3 Hungary | 194.4 | 2022 | +105.28% | +8.96% | View data |
| 4 | 4 Bulgaria | 191.1 | 2022 | +68.22% | +8.55% | View data |
| 5 | 5 Poland | 188.6 | 2022 | +67.79% | +8.25% | View data |
| 6 | 6 Bosnia and Herzegovina | 181.4 | 2022 | +40.4% | +7.31% | View data |
| 7 | 7 Romania | 168.8 | 2022 | +66.31% | +6.94% | View data |
| 8 | 8 Lithuania | 160.5 | 2022 | +68.06% | +5.66% | View data |
| 9 | 9 Slovakia | 152.4 | 2022 | +106.22% | +5.14% | View data |
| 10 | 10 Greece | 151.5 | 2022 | +66.3% | +2.17% | View data |
