An Analysis of Foodservice and Accommodation Industry in Europe Using Secondary Statistics

Abstract

The foodservice and accommodation industry makes a major contribution to the European economy. This industry has been particularly chosen for a study because it is an important and extremely competitive and dynamic industry, which is characterized by continuous transformation. The article presents an overview and analysis of the foodservice and accommodation industry in countries in the European Union (EU) to assess its importance in the European economic system. Secondary sources of information were used to reach the scope of the paper. The analysis presented in this article is based on the main dataset for structural business statistics (SBS), size class data and regional data. The research period was the years 2010-2014. A comparative method was applied for the analysis of collected data and materials. In this research, industrial analysis was used, which was a statistical analysis of the size, demographic, and other economic dimensions of any industry of an economy. Findings show that this industry contributes to job creation and economic growth in favorable times but the support of decision-makers, legal and fiscal rules is needed if the hospitality industry must be considered for a key driver for welfare and sustainability in Europe.

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