In 2023, Italy led in the European number of high growth enterprises in accommodation services with a share of 40.08%, followed by Hungary at 22.71% and Romania at 11.36%. Significant growth was noted in Hungary with a 14.76% increase and Romania at 10.65%. Portugal and Latvia witnessed notable declines, at -23.67% and -39.16% respectively. Over the past five years, growth trends indicate fluctuating dynamics with varying rates across countries.
Looking to the future, key trends to monitor include the digital transformation of the accommodation sector, market expansion in Eastern Europe, and potential regulation changes impacting enterprise growth. There will likely be an emphasis on sustainability and innovation as competitive edges.
Top countries in Number of High Growth Enterprises in Accommodation Services Share by Country (Units (Enterprises))
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 40.08 | 2023 | +24.78% | +3.41% | View data |
| 2 | 2 Hungary | 22.71 | 2023 | +32.47% | +14.76% | View data |
| 3 | 3 Romania | 11.36 | 2023 | +30.77% | +10.65% | View data |
| 4 | 4 Czech Republic | 6.96 | 2023 | +4.17% | -11.01% | View data |
| 5 | 5 Portugal | 5.57 | 2023 | -18.7% | -23.67% | View data |
| 6 | 6 Slovakia | 5.18 | 2023 | +27.4% | +9.9% | View data |
| 7 | 7 Lithuania | 2.89 | 2023 | +15.56% | +0.39% | View data |
| 8 | 8 Latvia | 0.11 | 2023 | -71.43% | -39.16% | View data |
