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Money & Wealth Insider

How Much The Typical European Household Spends On Hotels And Restaurants?

Malta and Cyprus were the top two European Union member states with the highest expenditure for hotels and restaurants in 2017, according to the 2017 Eurostat study. An average of 16.8% of the household income of Maltese nationals is spent on restaurants and hotels.

Spain ranked third, with 16.8% per household, behind Cyprus, whose residents spent a whopping 17.5% of their 2017 household income at hotels and restaurants. An average of 15.4% of the household income of Greeks is spent on hotels and restaurants.

Households in the European Union member states spent an average of 8.8% of their total consumption expenditure on hotels and restaurants in 2017, meaning that more than $847 billion were spent across the EU. This amount represents 4.8% of the EU’s GDP, $1,603 per E.U. inhabitant.

Countries with the lowest percentages of expenditures on hotels and restaurants were eastern and northern EU member states such as Romania, Poland, Lithuania, Lithuania, Germany, Denmark, and Slovakia.

EU countries with the highest percentages of expenditures on hotels and restaurants:

  1. Malta: 20.2%
  2. Cyprus: 17.5%
  3. Spain: 16.8%
  4. Greece: 15.4%
  5. Ireland: 14.8%
  6. Iceland: 14.2%
  7. Austria: 13.4%
  8. Portugal: 12.3%
  9. Italy: 10.3%
  10. United Kingdom: 9.6%
  11. Hungary: 9.2%
  12. Czech Republic: 9.0%
  13. Estonia: 8.6%
  14. Netherlands: 8.4%
  15. Slovenia: 7.4%
  16. France: 7.3%
  17. Luxembourg: 7.2%
  18. Bulgaria: 6.9%
  19. Latvia: 6.7%
  20. Finland: 6.6%
  21. Belgium: 6.5%
  22. Sweden: 6.5%
  23. Slovakia: 6.2%
  24. Denmark: 6.1%
  25. Germany: 5.5%
  26. Lithuania: 3.7%
  27. Poland: 3.6%
  28. Romania: 3.1%

European Union: 8.8%

Dr. Amarendra Bhushan Dhiraj

Dr. Amarendra Bhushan Dhiraj

CEO and editorial director at CEOWORLD Magazine
Dr. Amarendra Bhushan Dhiraj is the CEO and editorial director at CEOWORLD magazine, the leading global business magazine written strictly for CEOs, CFOs, top managers, company directors, investors, senior executives, business leaders, high net worth individuals, and the most globally powerful men and women.
Dr. Amarendra Bhushan Dhiraj

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