Central & Western Europe was the European region with the highest revenue in the hotel market in 2023, generating just over 68 billion U.S. dollars. The region with the second-highest revenue that year was Southern Europe. Revenue across all regions was forecast to see year-over-year growth up to 2028.
Revenue of the hotel market in Europe from 2017 to 2023, with a forecast until 2028, by region
(in billion U.S. dollars)
Central & Western Europe consists of: Austria, Belgium, Czechia, France, Germany, Hungary, Ireland, Luxembourg, Netherlands, Poland, Slovakia, Switzerland, United Kingdom.
Southern Europe consists of: Albania, Bosnia and Herzegovina, Croatia, Cyprus, Greece, Italy, Malta, Montenegro, North Macedonia, Portugal, Serbia, Slovenia, Spain, Turkey.
Eastern Europe consists of: Armenia, Azerbaijan, Belarus, Bulgaria, Georgia, Moldova, Romania, Russia, Ukraine.
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Statista. (December 31, 2023). Revenue of the hotel market in Europe from 2017 to 2023, with a forecast until 2028, by region (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/forecasts/1388898/regional-hotel-revenue-europe
Statista. "Revenue of the hotel market in Europe from 2017 to 2023, with a forecast until 2028, by region (in billion U.S. dollars)." Chart. December 31, 2023. Statista. Accessed December 21, 2024. https://www.statista.com/forecasts/1388898/regional-hotel-revenue-europe
Statista. (2023). Revenue of the hotel market in Europe from 2017 to 2023, with a forecast until 2028, by region (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/forecasts/1388898/regional-hotel-revenue-europe
Statista. "Revenue of The Hotel Market in Europe from 2017 to 2023, with a Forecast until 2028, by Region (in Billion U.S. Dollars)." Statista, Statista Inc., 31 Dec 2023, https://www.statista.com/forecasts/1388898/regional-hotel-revenue-europe
Statista, Revenue of the hotel market in Europe from 2017 to 2023, with a forecast until 2028, by region (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1388898/regional-hotel-revenue-europe (last visited December 21, 2024)
Revenue of the hotel market in Europe from 2017 to 2023, with a forecast until 2028, by region (in billion U.S. dollars) [Graph], Statista, December 31, 2023. [Online]. Available: https://www.statista.com/forecasts/1388898/regional-hotel-revenue-europe
