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Travel accommodation sector expected to exceed pre-pandemic level in 2023
By 2023, the European hotel and vacation rentals market is expected to fully recover from the negative effect of the COVID-19 pandemic and shoot well beyond the highest pre-pandemic level of 2019. Slower but steady growth is forecast into the future beyond 2023, signifying that tourism will be here to stay.
Description
This infographic shows the total revenue from hotel and vacation rentals market in Europe from 2017 to 2027 compared to 2019 levels.
Revenue of the vacation rentals industry in Europe from 2017 to 2036 (in billion U.S. dollars)
Revenue of the hotels industry in Europe from 2017 to 2036 (in billion U.S. dollars)
Revenue forecast for the Package Holiday market in Europe from 2017 to 2030, by segment (in million U.S. dollars)
Revenue forecast for the hotels market worldwide from 2017 to 2030, by segment (in billion U.S. dollars)
Revenue of the hotels industry in Europe from 2017 to 2036 (in billion U.S. dollars)
Revenue of the vacation rentals industry worldwide from 2017 to 2036 (in billion U.S. dollars)
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