Industry revenue of »hotels and similar accommodation« in Slovenia 2011-2023

Industry revenues of hotels and similar accommodation in Slovenia have grown from 614 million U.S. dollars in 2011 to 650 million U.S. dollars in 2019. Key drivers include a steady growth in tourist arrivals, a rise in overnight stays and the continuous expansion of hotel chains coupled with the high-quality accommodation options. In fact, the number of hotels in the country have nearly doubled between 2006-2016. The Sava Hotels and Resorts are the leading hotel chain group, with over 1,700 rooms. The HIT Group, followed by Hoteli Bernardin and Terme Olimia are some of the other major hotel chains.

Initial projections for the medium term demonstrated a 5 percent revenue growth between 2019-2023, owing to the construction of new hotels such as the Maestoso and the Neuhaus Kolodvorska. However, it looks rather optimistic at this point in time, as the hospitality industry is expected to bear the major brunt of the corona virus in the short to medium term. As the country imposes a nationwide lockdown, majority of the hotels and restaurants have been shut for an indefinite period of time and would only resume operations once deemed safe by the government.

Industry revenue of »hotels and similar accommodation« in Slovenia from 2011 to 2023

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Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Slovenia. The industry “hotels and similar accommodation“ has the code “I551“.

Details on the methodology can be found here.

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