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 Hotel industry in Europe
Overview
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- Premium Statistic Travel and tourism revenue in Europe 2019-2029, by segment
- Premium Statistic Hotel market revenue in Europe 2017-2028
- Premium Statistic Hotel market revenue in Europe 2017-2028, by region
- Premium Statistic Share of hotel market sales in Europe 2017-2028, by channel
- Premium Statistic Real per capita consumer spending on restaurants and hotels in Europe 2014-2029
- Premium Statistic Change in monthly number of hotel bookings worldwide 2020-2023, by region
- Basic Statistic HICP inflation rate for hotels and similar accommodation in the EU 2017-2024
Cities
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- Premium Statistic Hotel occupancy rate of European cities 2022
- Premium Statistic Average daily hotel rates in Europe 2022, by city
- Premium Statistic Number of hotels in Barcelona 1990-2023
- Premium Statistic Number of hotels in Paris 2019-2023, by rating
- Premium Statistic Number of hotels in Rome 2019-2023, by rating
Construction pipeline
3
Digitalization
6
- Premium Statistic Preparedness for digital transformation of accommodation businesses in Europe 2023
- Premium Statistic Preparedness for digital transformation in lodging in Europe 2023, by country
- Premium Statistic Important digital transformation topics among accommodation businesses in Europe 2023
- Premium Statistic Use of AI by accommodation businesses in Europe 2023
- Premium Statistic Use of AI by accommodation businesses in Europe 2023, by country
- Premium Statistic Change in monthly number of online hotel searches worldwide 2020-2023, by region
Sustainability
3
Alpine regions
3
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 October 12, 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 October 12, 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: October 12, 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 October 12, 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