Market Size of Hospitality Industry in the Netherlands
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR (2024 - 2029) | > 8.25 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Netherlands Hospitality Market Analysis
The Hospitality Industry in the Netherlands Market is expected to register a CAGR of greater than 8.25% during the forecast period(2024-2029).
The hospitality industry in the Netherlands has generated revenue of USD 5.30 billion in the current year and is poised to register a CAGR of more than 8.25% during the forecast period.
Though the entry for new hotels in Amsterdam is going to get limited in the coming years owing to the fact that with more municipalities implementing a restrictive hotel policy, which means there are fewer opportunities for new hotel developments as the city already bulges, it still retained the top spot as the most attractive European city for hotel investments in 2022 with respect to the high demand that the city holds for new hotels.
The city has been stretching its borders for visitors and for hotels to room them. Along with Amsterdam, both supply and demand for new developments grew throughout the Netherlands in 2022. The number of hotel rooms is growing at a rapid pace in the major Dutch cities. Among the top 5 cities with high RevPAR, Rotterdam registered high growth when compared to Amsterdam, Maastricht, Utrecht, and The Hague. The increasing RevPAR that many tier-II cities have been recording is attracting investors. The increase in the percentage of RevPAR in Rotterdam was almost 10% in 2022 when compared to that in 2021. Also, Rotterdam stood next to Amsterdam in the number of hotel projects that are in the construction pipeline, with around 2,000 rooms, while Amsterdam has more than 8,100 rooms. The shifting preference for local and authentic experiences is notably driving the hospitality market growth in the Netherlands. However, factors such as difficulties in implementing tourism policies may impede the market growth.
