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Evaluating the economic impact of high energy prices on EU tourism

Knowledge documents

15 October 2024

Evaluating the economic impact of high energy prices on EU tourism

Adventure tourism

Coastal, maritime and inland water tourism

Cultural tourism

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The European Commission’s report analyzes how rising energy prices indirectly impact the EU tourism sector by increasing household energy expenses and transport costs. 

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Publications Office of the European Union

Related Organisation(s)

European Commission

Topics
Geographical descriptors

Austria

Belgium

Bulgaria

Croatia

Cyprus

Czechia

Denmark

Estonia

EU-27

Finland

France

Germany

Greece

Hungary

Ireland

Italy

Latvia

Lithuania

Luxembourg

Malta

Netherlands

Poland

Portugal

Romania

Slovakia

Slovenia

Spain

Sweden

Organisation Type

Academic / Research and VET Institutions

Local Authorities

National authorities

Regional Authorities

SMEs (a company with less than 250 employees)

  • Specific types of tourism

    • Adventure tourism

    • Coastal, maritime and inland water tourism

    • Cultural tourism

    • Ecotourism

    • Education tourism

    • Festival tourism

    • Gastronomy tourism

    • Health and medical tourism

    • MICE tourism

    • Mountain tourism

    • Religious tourism

    • Rural tourism

    • Sports tourism

    • Urban/city tourism

    • Wellness tourism

  • Transition Pathway Strategic Areas

    • Coordinated information on travelling

    • Improving statistics and indicators

  • Business activities

    • Camping grounds, recreational vehicle parks and trailer parks

    • Holiday Housing / Apartments and other short stay accommodation

    • Hotel and similar accommodation

    • Other

    • Other accommodation

    • Other tourism transportation activities

    • Rail Passenger transport

    • Restaurants, cafes and bars (Food and Beverage serving activities)

    • Road passenger transport

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The European Commission’s document “Assessing the Impact of High Energy Prices on Tourism in the EU”, published in June, 2024, delves into how rising energy costs influence the tourism sector in the EU. Using the JRC-GEM-E3 model, the report reveals that while tourism isn’t highly energy-intensive, it is indirectly affected by higher energy prices. These increased costs force households to spend more on energy, leaving less disposable income for tourism. Additionally, since tourism often involves transportation, higher energy prices drive up transport costs, making tourism services more expensive. Overall, the report provides a background, methods used, and overview of results and discussion to understand these dynamics.

#Reports #Resource efficiency #Tourism indicators

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European Commission’s document “Assessing the Impact of High Energy Prices on Tourism in the EU”
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