As of March 2024, the main challenge expected by accommodation businesses in Europe over the next six months was the cost of energy, with 80 percent of respondents stating that this was the case. Meanwhile, the cost of staff ranked as the second highest challenge for accommodation businesses in Europe at 66 percent.
Main challenges expected by accommodation businesses over the next six months in Europe as of March 2024
Characteristic
Share of respondents
Energy cost
80%
Cost of staff
66%
Shortage of skilled workers
59%
Cost of inputs and services
53%
Geopolitical uncertainties
49%
Potential tax increase
46%
Government regulations and bureaucracy
43%
Lack of financial resources
40%
Competition from other accommodation providers
40%
Consumers taking fewer trips
38%
Changes in consumer search behavior
38%
Consumers opting for other destinations due to climate change
940 executives and managers from the European travel accommodation sector*
Method of interview
Telephone interview
Supplementary notes
* 80 respondents were interviewed from each country and region which included Austria, France, Germany, Greece, Italy, the Nordics (Sweden, Denmark, Norway, and Finland), Portugal, Spain, as well as 200 respondents each from the Netherlands and the rest of Europe (Poland, Romania, Belgium, Czechia, Hungary, Bulgaria, Slovenia, Slovakia, Ireland, Croatia).
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Statista. (November 22, 2024). Main challenges expected by accommodation businesses over the next six months in Europe as of March 2024 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1358403/challenges-expected-accommodation-europe/
Statista. "Main challenges expected by accommodation businesses over the next six months in Europe as of March 2024." Chart. November 22, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1358403/challenges-expected-accommodation-europe/
Statista. (2024). Main challenges expected by accommodation businesses over the next six months in Europe as of March 2024. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1358403/challenges-expected-accommodation-europe/
Statista. "Main Challenges Expected by Accommodation Businesses over The next Six Months in Europe as of March 2024." Statista, Statista Inc., 22 Nov 2024, https://www.statista.com/statistics/1358403/challenges-expected-accommodation-europe/
Statista, Main challenges expected by accommodation businesses over the next six months in Europe as of March 2024 Statista, https://www.statista.com/statistics/1358403/challenges-expected-accommodation-europe/ (last visited December 22, 2024)
Main challenges expected by accommodation businesses over the next six months in Europe as of March 2024 [Graph], Statista, November 22, 2024. [Online]. Available: https://www.statista.com/statistics/1358403/challenges-expected-accommodation-europe/