The revenue of the hotel market in Europe saw significant growth in 2023, reaching an estimated 111 billion U.S. dollars. This figure improved greatly over 2020 and 2021, when the European hotel market was hit hard by the coronavirus (COVID-19) pandemic. When looking at the forecast revenue of this market, it was predicted to see year-over-year growth from 2024 onwards.
Revenue of the hotel market in Europe from 2017 to 2023, with a forecast until 2028 (in billion U.S. dollars)
Other statistics that may interest you Statistics on
About the industry
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- Premium Statistic Operating income of the InterContinental Hotels Group 2007-2023
- Premium Statistic Total assets of the InterContinental Hotels Group 2007-2023
- Premium Statistic Income of the InterContinental Hotels Group 2007-2023
- Basic Statistic Revenue of the InterContinental Hotels Group 2011-2023, by region
- Basic Statistic Revenue of the InterContinental Hotels Group 2008-2023, by ownership type
- Premium Statistic Number of employees of the InterContinental Hotel Group 2023
- Premium Statistic Revenue of the InterContinental Hotels Group 2007-2023
- Basic Statistic Average hotel prices in Miami in the U.S. 2014, by rating
- Basic Statistic Average hotel prices in Boston in the U.S. 2014, by rating
About the region
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- Premium Statistic Number of beds in accommodation establishments in Prague 2012-2022
- Premium Statistic Number of inbound tourist arrivals in hotels in Paris 2022, by country
- Premium Statistic Number of rooms in accommodation establishments in Prague 2012-2022
- Premium Statistic Tourist tax in Barcelona 2024, by accommodation type
- Premium Statistic Number of overnight visitors in Prague 2015-2023, by month
- Premium Statistic Hotel investments in Europe 2019-2020, by country
- Basic Statistic Hotel bedroom occupancy rate in the European Union 2019, by country
- Basic Statistic Hotel occupancy rate of bed places in Europe 2019, by country
- Premium Statistic Average daily rate of hotels in Europe 2011-2019, by region
- Premium Statistic Hotel revenue per available room in Europe 2011-2019, by region
Selected statistics
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- Premium Statistic Number of Marriott International employees worldwide 2007-2023
- Premium Statistic Hotel occupancy rate in Las Vegas 2001-2022
- Basic Statistic Total assets of Choice Hotels International worldwide 2008-2023
- Premium Statistic Total assets of Hyatt Hotels Corporation worldwide 2008-2023
- Premium Statistic Net income of Hyatt Hotels Corporation 2008-2022
- Premium Statistic Revenue of Marriott International worldwide 1999-2023
- Basic Statistic Number of Marriott International hotel rooms worldwide 2009-2023
- Basic Statistic Operating income of Marriott International worldwide 2007-2023
- Premium Statistic Number of available rooms in Las Vegas 2000-2022
- Premium Statistic Gross revenue of the InterContinental Hotels Group worldwide 2007-2023
Other regions
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- Premium Statistic Route Inn's net sales FY 2017-2023
- Basic Statistic Average hotel prices in San Francisco in the U.S. 2014, by rating
- Basic Statistic Forecast for the number of new hotels in Africa from 2012 to 2016
- Premium Statistic Important factors for travelers from Sweden when choosing a hotel 2017
- Premium Statistic Number of licensed hotel rooms in Hong Kong Q3 2017, by city area
- Premium Statistic Room occupancy in New Zealand 2019
- Premium Statistic High-end hotel demand in China's Shanghai Pudong Expo area 2013-2018, by segment
- Premium Statistic Large accommodation establishments in New South Wales FY 2019 by area
- Basic Statistic Revenue of hotel accommodations in Luxembourg 2005-2017
Related statistics
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- Basic Statistic Average hotel prices in New York in the U.S. 2014, by rating
- Premium Statistic Hospitality and tourism: GVA of accommodation and food services in the UK 2008-2021
- Premium Statistic Airbnb gross booking value worldwide 2017-2023
- Premium Statistic Number of hotels and similar establishments in Austria 2007-2021
- Premium Statistic Bed-place occupancy rate in hotels in Austria 2007-2021
- Premium Statistic Number of hotel rooms in Austria 2007-2021
- Premium Statistic Hotel and motel industry market size in Canada 2010-2022
- Premium Statistic U.S. hotel and motel industry market size 2012-2022
- Premium Statistic Occupancy rate in Manhattan 2013-2020, by quarter
- Premium Statistic Monthly average revenue per available room of hotels in Canada 2019-2020
Further related statistics
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- Extended stay lodging units: total number in the U.S. 2008-2016
- Foreign exchange earnings from tourism in India 2000-2022
- Amenities affecting accommodation choice for business travelers worlwide 2015
- Operating income of the Bank of Communications 2013-2023
- Ping An Insurance's annual revenue 2012-2022
- Net revenue from investment banking at Goldman Sachs 2009-2023
- Number of Crowne Plaza hotels worldwide 2008-2023
- Number of Candlewood Suites hotel rooms worldwide 2008-2023
- Gross bookings of Booking Holdings worldwide 2015-2023, by type
- Number of bookings through Booking Holdings worldwide 2010-2023, by segment
Further Content: You might find this interesting as well
Statistics
- Extended stay lodging units: total number in the U.S. 2008-2016
- Foreign exchange earnings from tourism in India 2000-2022
- Amenities affecting accommodation choice for business travelers worlwide 2015
- Operating income of the Bank of Communications 2013-2023
- Ping An Insurance's annual revenue 2012-2022
- Net revenue from investment banking at Goldman Sachs 2009-2023
- Number of Crowne Plaza hotels worldwide 2008-2023
- Number of Candlewood Suites hotel rooms worldwide 2008-2023
- Gross bookings of Booking Holdings worldwide 2015-2023, by type
- Number of bookings through Booking Holdings worldwide 2010-2023, by segment
Statista. (December 31, 2023). Revenue of the hotel market in Europe from 2017 to 2023, with a forecast until 2028 (in billion U.S. dollars) [Graph]. In Statista. Retrieved June 05, 2024, from https://www.statista.com/forecasts/1388860/hotel-revenue-europe
Statista. "Revenue of the hotel market in Europe from 2017 to 2023, with a forecast until 2028 (in billion U.S. dollars)." Chart. December 31, 2023. Statista. Accessed June 05, 2024. https://www.statista.com/forecasts/1388860/hotel-revenue-europe
Statista. (2023). Revenue of the hotel market in Europe from 2017 to 2023, with a forecast until 2028 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: June 05, 2024. https://www.statista.com/forecasts/1388860/hotel-revenue-europe
Statista. "Revenue of The Hotel Market in Europe from 2017 to 2023, with a Forecast until 2028 (in Billion U.S. Dollars)." Statista, Statista Inc., 31 Dec 2023, https://www.statista.com/forecasts/1388860/hotel-revenue-europe
Statista, Revenue of the hotel market in Europe from 2017 to 2023, with a forecast until 2028 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1388860/hotel-revenue-europe (last visited June 05, 2024)
Revenue of the hotel market in Europe from 2017 to 2023, with a forecast until 2028 (in billion U.S. dollars) [Graph], Statista, December 31, 2023. [Online]. Available: https://www.statista.com/forecasts/1388860/hotel-revenue-europe