Hotel revenue by region Europe 2023

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)

Characteristic	Central & Western Europe	Southern Europe	Northern Europe	Eastern Europe
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Supplementary notes

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.

Northern Europe consists of: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, Sweden.

Data provided by Statista Mobility Market Insights are estimates.

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