Slovakia’s hospitality sector sees strong growth in 2024, turnover exceeds EUR 600 million

24 February 2025

Slovakia’s hospitality sector experienced a solid year in 2024, with turnover from hotels, guesthouses, and other accommodation establishments reaching nearly EUR 613 million. This marked a year-on-year increase of almost 9%, driven largely by domestic visitors, who contributed over 60% of the total revenue.

The country’s top three tourism regions—Bratislavský, Žilinský, and Prešovský kraj—continued to dominate, generating more than half of the total accommodation turnover. In the fourth quarter alone, accommodation providers recorded EUR 143 million in revenue (excluding VAT), reflecting a 13% year-on-year increase. However, this growth rate was significantly lower than the previous year’s surge between 2022 and 2023.

Domestic tourism remained the primary revenue driver, with the highest turnover recorded in Prešovský, Žilinský, and Banskobystrický kraj, which together accounted for nearly two-thirds of Slovakia’s domestic accommodation revenue. Meanwhile, international visitors generated EUR 242 million, or 40% of the total turnover, with Bratislavský kraj leading in foreign visitor spending at EUR 89 million. In this region, foreign guests contributed 68% of total accommodation revenue, far surpassing the share of international visitors in other parts of the country.

The year also saw an increase in available accommodation capacity. In the fourth quarter of 2024, Slovakia had 4,623 accommodation establishments, 176 more than the previous year. These properties collectively offered 70,000 bedrooms and 191,000 bed places, including camping facilities. The net occupancy rate for permanent beds stood at 23.3%, while room occupancy reached 28.5%.

For the entire year, a total of 5,265 accommodation establishments operated in Slovakia, an increase of 234 compared to 2023. The hospitality sector provided an average of 64,000 bedrooms and 150,000 permanent bed places daily, with a net occupancy rate of 27.7% and a room occupancy rate of 32.4%.

With growing domestic demand and an expanding accommodation network, Slovakia’s tourism industry remains on an upward trajectory, further solidifying its position as a key economic sector.

Source: Statistical Office of the SR

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