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Statistics Explained

Data extracted in March 2025

Planned article update: March 2026

Tourism industries - economic analysis

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Data extracted in March 2025

Planned article update: March 2026

Highlights

In 2022, almost 1 in 13 enterprises in the EU business economy belonged to tourism industries, employing 12.3 million persons.
3 out of 4 enterprises in tourism industries in the EU operated in food and beverage serving activities (58%) or accommodation (16%) in 2022.
In 2022, more than half (57%) of the enterprises in the tourism industries in the EU were located in Italy, Spain, France and Germany.

[[File:Tourism industries - economic analysis 03-2025.xlsx]]

Number of enterprises: evolution for different sectors of the economy, 2012-2022


This article presents the most recent available statistics on the tourism industries in the European Union (EU). While tourism statistics focus on either the accommodation sector (data collected from accommodation service providers) or the demand side (data collected from households), and relate mainly to physical flows (arrivals or nights spent at tourist accommodation or trips made by residents of a country), the analysis in this article is based on economic data extracted from other areas of official statistics, in particular, structural business statistics (SBS) and short-term business statistics (STS). Thus, a more complete economic analysis of the tourism sector can be drawn, which is an important motor for many countries' economies and labour markets. The approach used in this article doesn’t follow the methodological framework for Tourism Satellite Accounts, but merely re-uses existing data for entire industries with relevance for tourism (regardless of whether the end-consumer was a tourist).

"International Recommendations for Tourism Statistics 2008" lists ten internationally comparable activities and two country-specific ones for the tourism sector, also called "tourism industries" or "tourism characteristic activities". This article focuses on a subset of these that has relevance for the EU (the other activities proved to be of limited relevance for European tourism).

The reader is strongly encouraged to consult the "Data sources" section before using the presented data, in order to avoid overestimating or underestimating the economic importance of tourism for some industries.


Key economic indicators

The discussion below refers to four selected indicators: number of enterprises, number of persons employed, net turnover and value added – firstly at EU level, secondly at country level.

In 2022, almost 1 in 13 enterprises in the EU business economy belonged to the tourism industries (see Table 1, Table 2). These 2.4 million enterprises employed 12.3 million persons, accounting for 7.7% of the persons employed in the business economy and 21.4% of persons employed in the services sector. To be noted that in this article the services sector only includes the following NACE sections: H ( Transportation and storage) , I (Accommodation and food service activities), J (Information and communication), L (Real estate activities), M (Professional, scientific and technical activities), N (Administrative and support service activities), S95 (Repair of computers and personal and household goods), while the business economy also includes the following services: NACE section K (Financial and insurance activities ), P (Education), Q (Human health and social work activities), R (Arts, entertainment and recreation), S96 (Other personal service activities). The tourism industries' shares of net turnover and value added were relatively lower, with the tourism industries accounting for 2.8% of the net turnover and 4.2% of the value added of the non-financial business economy. These figures very likely reflect - among other explanations - the higher share of micro, small and medium-sized enterprises and the level of part-time employment in many tourism industries.

Table showing key economic indicators, that is, number of enterprises and persons employed, net turnover and value added in euro millions for the tourism industries in the EU for the year 2022.
Table 1: Key economic indicators for the tourism industries, EU, 2022
Source: Eurostat (sbs_ovw_act)


Table showing key economic indicators, that is, number of enterprises, persons employed, net turnover and value added in percentages for the tourism industries in the EU for the year 2022.
Table 2: Key economic indicators for the tourism industries, percentages, EU, 2022
Source: Eurostat (sbs_ovw_act)

As explained in the "Data sources" section, tourism industries do not provide services only to tourists. Their employment, turnover, etc., is also related to services provided to non-tourists. In Table 1 and Table 2, the subdivision "mainly tourism" and "partially tourism" takes this into account. For instance, 3.1 million persons are employed in "mainly tourism" industries (passenger air transport, accommodation services and travel agencies and tour operators) that are assumed to serve predominantly tourists, while 9.2 million persons are employed in "partially tourism" industries where the customers are likely to be a mix of tourists and non-tourists (e.g. restaurants).

Figure 1 presents the growth of the sectors from 2012 to 2022. In the period up to 2019, tourism industries (mainly and partially) showed a much stronger growth than the total economy for all indicators concerned. But in 2020, the impact of the Covid-19 pandemic caused dramatic drops of the turnover and value added of the tourism industries (-41.0% and -40.1% respectively, comparing 2020 with 2019). The number of persons employed in the tourism industries and the number of enterprises dropped less strongly, but still recorded levels that were respectively 2.8% and 13.5% lower in 2020 compared with 2019. A slow recovery started in 2021, when all indicators showed an increase of up to 1.3% compared to 2020. In 2022, the tourism industries overpassed the pre-pandemic levels from 2019 by 2.3% in number of enterprises, 3.9% in net turnover and 8.0% in value added, but it still has not reached the 2019 level in terms of persons employed (-2.2%). When comparing 2022 with the previous year (see Table 3), there was an increase in almost all activities related to tourism, as well as in the total business economy.

Four separate line charts showing evolution of indicators for different sectors of the EU economy. Four charts show number of enterprises, net turnover, value added and persons employed each with four lines representing total economy, services, tourism (mainly and partially) and mainly tourism over the years 2012 to 2022. The year 2012 is indexed at 100.
Figure 1: Evolution of indicators for different sectors of the economy, EU, 2012-2022
Source: Eurostat (sbs_ovw_act), (sbs_na_sca_r2), (sbs_na_1a_se_r2)


Table showing change rate of indicators for different sectors of the economy as percentage change of the year 2022 compared with 2021.
Table 3: Change rate of indicators for different sectors of the economy, 2022 compared to 2021
Source: Eurostat (sbs_ovw_act)



Analysis by subsectors

Three out of 4 enterprises in the tourism industries operated in accommodation (NACE I55) or food and beverage serving activities (NACE I56): 16% and 58%, respectively (see Table 1, Table 2, Figure 2). Looking at the number of persons employed, the weight of these activities was 80% of persons employed in the tourism industries. However, in terms of net turnover and value added, their share was much lower (55% and 59%, respectively).

Four separate pie charts highlighting percentage share of tourism in the EU for the year 2022 compared with services other than tourism industries and business economy other than services within enterprises, net turnover, value added and persons employed. Each pie chart segment of tourism is broken down into a stacked column totalling 100 percent with five stacks representing transport, accommodation, food and beverage, car and other rental and travel agency, tour operator and related activities.
Figure 2: Number of enterprises, net turnover, value added and number of persons employed, EU, 2022
Source: Eurostat (sbs_ovw_act)

The net turnover of passenger transport related industries (parts of NACE H49, H50, H51) represented 25% of the turnover for all tourism industries: 45% of this share came from the subsector of passenger air transport (NACE H5110) (see Table 1).

Travel agencies and tour operators (NACE N7910) and other related activities (NACE N7990) recorded a turnover of €104 billion in 2022, an increase by €49 billion (+88%) compared with 2021. These activities represented 10% of the net turnover in tourism industries, compared with a 5% share in number of enterprises, a 4% share in value added, and a 3% share in persons employed.



Geographical analysis

More than half (57%) of the 2.4 million enterprises in the tourism industries in the EU in 2022, were located in 4 countries: 382 000 in Italy, 376 000 in France, 365 000 in Spain, and 254 000 in Germany (see Table 4).

Table showing number of enterprises in the EU, individual EU Member States, Norway, Switzerland, Bosnia and Herzegovina, Albania and Serbia for the year 2022.
Table 4: Number of enterprises, 2022
Source: Eurostat (sbs_ovw_act)

Looking at the available EU countries' data, in terms of employment (see Table 5), Germany was on top with almost 2.3 million persons employed in the tourism industries, followed by Spain, France (not including passenger air transport) and Italy with 1.7 million persons employed each.

The highest share of employment in the tourism industries was observed in Greece (23% of the total business economy of the country), followed by Cyprus (15%) and Malta (13%) (note that data on employment in the tourism industries is fragmented for a number of countries).

Table showing number of persons employed in the EU, individual EU Member States, Norway, Switzerland, Bosnia and Herzegovina, Albania and Serbia for the year 2022.
Table 5: Number of persons employed, 2022
Source: Eurostat (sbs_ovw_act)

The availability of country data on turnover and value added is also fragmented (see Table 6 and Table 7).

Net turnover amounted to €208 billion for France, followed by Germany (€201 billion), Italy (€142 billion) and Spain (€140 billion).

In terms of value added the first four countries were the same: Germany, with €89 billion, followed by France (€85 billion), Spain (€54 billion) and Italy (€53 billion). The highest shares of value added in the tourism industries in the total business economy of the country were observed in Greece (12%), Malta, Croatia and Cyprus (9% each), Portugal (8% each), and Spain (7%).

Table showing net turnover in euro millions in the EU, individual EU Member States, Norway, Switzerland, Bosnia and Herzegovina, Albania and Serbia for the year 2022.
Table 6: Net turnover, 2022
Source: Eurostat (sbs_ovw_act)


Table showing value added in euro millions in the EU, individual EU Member States, Norway, Switzerland, Bosnia and Herzegovina, Albania and Serbia for the year 2022.
Table 7: Value added, 2022
Source: Eurostat (sbs_ovw_act)



Infra-annual analysis

The above analysis was based on structural business statistics (SBS). While SBS is a rich and comprehensive source of information on European businesses, these statistics are only provided annually. Compared with other sectors of the economy, the tourism sector has a relatively strong seasonal component, hence the need to look at infra-annual data to complete the analysis. Short-term business statistics provide monthly and quarterly indices for a subset of tourism industries. For the analysis in this article, an aggregate was created including NACE divisions H51 (Air travel), I55 (Accommodation) and N79 (Travel agency, tour operator and other reservation service and related activities).

Figure 3 shows for the EU above mentioned tourism industries, the quarterly evolution of the turnover, seasonally adjusted or working days adjusted, for the years 2015 to 2024 (index: average 2021 = 100). The graph shows a positive trend that was interrupted in spring 2020. After the travel restrictions implemented in March and April 2020 in response to the Covid-19 outbreak, the turnover of tourism industries dropped sharply in Q2 2020. In spring and summer 2022 many restrictions were raised and travelling became easier. In 2022 the turnover shows clear signs of recovery, reaching and even surpassing the pre-pandemic levels, while the positive trend continues also in 2023 and 2024.

Line chart showing turnover for tourism aggregate as quarterly data in the EU. Two lines represent calendar adjusted data, not seasonally adjusted data and seasonally and calendar adjusted data from Q1 2015 to the fourth quarter of 2024. The index is set as the average for the year 2021.
Figure 3: Calendar and seasonally adjusted turnover for tourism aggregate (H51_I55_N79)(¹), quarterly data, EU, 2015-2024
Source: Eurostat (sts_setu_q)

The overall situation at EU level shown in Figure 3 aggregates data from countries with a very different seasonal profile. Figure 4 shows, for the years 2021 to 2024, the quarterly working days adjusted turnover for the above mentioned group of tourism industries for the countries which present the highest (Cyprus and Greece) and the lowest (Luxembourg and Belgium) seasonality in terms of turnover, as well as for the EU as a whole.

Line chart showing turnover adjusted by working days for tourism aggregate as quarterly data of the EU countries with highest and lowest seasonality. Five lines represent the EU, Cyprus, Greece, Luxembourg and Belgium from Q1 2021 to Q4 2024. The index is set as the average for the year 2021.
Figure 4: Turnover adjusted by working days for tourism aggregate (H51_I55_N79)(¹), quarterly data, EU countries with highest and slowest seasonality, 2015-2022
Source: Eurostat (sts_setu_q)

Figure 5a focuses on 2024 and shows a clear positive trend in the turnover in these tourism industries. At EU level, the highest increases compared with the same periods of 2023 were recorded in the first quarter, when the turnover increased by 9% compared with Q1 2023. The turnover increased also in the next quarters: +7% in Q2 and +6% in Q3 and +8% in Q4. The lower increases between 2023 and 2024 compared with 2022 and 2023 (see Figure 5b) reflect the recovery of tourism industries already in 2022. The positive trend was recorded in most EU countries with available data, except Denmark, with a decrease of -5% in Q1, -8% in Q2 and -12% Q3, Estonia, with a decrease of -8% in Q3 and -21% in Q4 2024 and Hungary, with a decrease of -8% in Q1.

Vertical bar chart showing percentage change in turnover in tourism aggregate of the year 2024 compared with 2023 as quarterly data for the EU and individual EU Member States. Each country has four columns representing Q1, Q2, Q3 and Q4.
Figure 5a: Change in turnover in tourism aggregate (H51_I55_N79)(¹), 2024 compared with 2023, quarterly data
Source: Eurostat (sts_setu_q)


Vertical bar chart showing percentage change in turnover in tourism aggregate of the year 2023 compared with 2022 as quarterly data for the EU and individual EU Member States. Each country has four columns representing Q1, Q2, Q3 and Q4.
Figure 5b: Change in turnover in tourism aggregate (H51_I55_N79)(¹), 2023 compared with 2022, quarterly data
Source: Eurostat (sts_setu_q)

Figure 6 shows for the period January 2015 to December 2024, the monthly evolution of the working days adjusted turnover in EU accommodation, and the nights spent in tourist accommodation establishments (index: average 2021 = 100). As expected, the two series follow a similar pattern in terms of peak and trough periods; however, the variability appears to be more pronounced for the physical flows (nights spent) as compared with the monetary flows (turnover). This graph clearly shows the sharp drop in March and April 2020 when many hotels were closed. Despite the partial recovery during the summer months of 2020, the turnover and the nights spent in tourist accommodation remained at very low levels compared with the previous years. The first signs of recovery appeared in May 2022, while in June 2022 the turnover reached the pre-pandemic levels.

Line chart showing indexed turnover. Two lines represent turnover adjusted by working days in accommodation and nights spent in tourist accommodation over the months January 2015 to December 2024. The index is set as the average for the year 2021.
Figure 6: Monthly turnover for accommodation (NACE I55) and nights spent at tourist accommodation (NACE I551, I552 and I553), EU, 2015-2024
Source: Eurostat (sts_setu_m), (tour_occ_nim)



Data sources

Structural business statistics (SBS) are a main component of business statistics in the European Statistical System (ESS) and describe the structure, main characteristics and performance of economic activities across the European Union. Data is available at a detailed level of economic activities, which allow for the identification and selection of industries that are part of the tourism sector. According to the International Recommendations for Tourism Statistics 2008 the tourism sector (also: 'tourism industries' or 'tourism characteristic activities') includes ten internationally comparable activities and two country-specific activities – this article focuses on the former. An overview of these activities (and the corresponding codes in the international classifications ISIC and NACE) is given in Table 8. All these activities are covered by SBS, except for culture, sports and recreation.

Table showing list of tourism industries, their NACE rev. 2 codes and descriptions.
Table 8: List of tourism industries

This article uses a fine-tuned list of the tourism industries, better adapted to the European setting and avoiding overestimations of the economic variables. Activities omitted include "other accommodation" (NACE 5590), "other food service activities" (NACE 5629) and "real estate activities" (NACE 68), these activities are not sufficiently related to tourism to justify their inclusion in the current analysis. Note that the list of tourism industries considered for this article may change in the 2026 update (reference year 2023), following the enlargement of the SBS coverage of economic activities with the entry into force of Regulation (EU) 2019/2152 on European business statistics.

Existing business statistics (SBS, STS) cannot distinguish between services provided to tourists and to non-tourists – typical examples include restaurants catering to tourists but also to locals and railway passenger transport used by tourists as well as by commuters. For this reason, this analysis considers these industries in their totality. Considering the total turnover or employment overestimates the true economic importance of tourism for these industries, but on the other hand, tourism also contributes to other industries not listed in Table 8. The approach used in this article should not be confused with the methodological framework to compile tourism satellite accounts (TSA); the most recent Eurostat statistical report on TSA in Europe is available from the Eurostat website. The approach used in this article is also different from the tourism ecosystem concept promoted by DG GROW.

Notwithstanding these shortcomings, SBS data allow for an economic analysis of the sector which is not possible using only tourism statistics. A second relevant source within existing business statistics is short-term business statistics (STS). STS can fill the gap of information on turnover or prices where monthly accommodation statistics are limited to evolutions in flows of tourists. As a trade-off with its strong timeliness, STS is available with a lower granularity of activities for services; as a consequence the further analysis of monthly economic indicators focuses on air transport (NACE H51), accommodation (NACE I55) and travel agency, tour operator reservation service and related activities (NACE N79).


Source data for tables and graphs


Context

Following its communication "A new industrial strategy for Europe" (March 2020), the Commission will systematically analyse the risks and needs of different industrial ecosystems. The notion of ecosystem captures the complex set of interlinkages among sectors and firms spreading across countries in the Single Market. Ecosystems encompass all players operating in a value chain: from the smallest start-ups to the largest companies, from academia to research, together with the forces that shape the market environment in which they operate.

Tourism is 1 of the 14 ecosystems identified, each with its own set of sectors that should cover the entire economic industrial landscape. The tourism ecosystem is a network of globalised and interconnected value chains of both online and offline tourism services providers, where small companies operate along with large multinational corporations.

The green transformation of industry supported by the Strategy will reduce the environmental footprint of our industrial activities and empower industry to provide effective solutions for the societal challenges of the future such as sustainable tourism.

Tourism statistics focus on the accommodation sector on the one hand and the demand side (from households) on the other hand. ESS tourism statistics relate mainly to physical flows: arrivals or nights spent at tourist accommodation establishments or trips made by residents of a country.

This article presents economic data extracted from other areas of official business statistics, in particular structural business statistics (SBS) and short-term business statistics (STS), in order to provide users with a better economic analysis of this sector, which is an important motor for many countries' economies and labour market.

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Other articles

Database

Monthly data on tourism industries (tour_indm)
Annual data on tourism industries (tour_inda)
Enterprises by detailed NACE Rev.2 activity and special aggregates (sbs_ovw_act)
Enterprise statistics by size class and NACE Rev.2 activity (from 2022 onwards) (sbs_sc_ovw)
Trade and services (t_sts_ts)
Services (t_sts_ser)

Thematic section

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Selected datasets

Monthly data on tourism industries (t_tour_indm)
Annual data on tourism industries (t_tour_inda)

Methodology

Legislation