The turnover in the travel agency activities sector in Denmark experienced significant fluctuations between 2013 and 2023. The sector saw its highest turnover in 2017 before witnessing a sharp decline in 2020 due to the pandemic. However, the sector rebounded strongly with substantial year-on-year growth from 2021 onwards, peaking again in 2023 with a value of 9.89 billion Danish Krones.
Looking at the future, the forecast indicates a steady growth trajectory for the sector. From 2024 to 2028, the sector is expected to grow at a Compound Annual Growth Rate (CAGR) of 1.53%, with annual turnover reaching 10.9 billion Danish Krones by 2028.
Trends to watch for:
- Continued recovery and growth post-pandemic with increasing demand for travel services.
- Potential impact of geopolitical events on the travel industry.
- Technological advancements driving efficiency and customer engagement in travel services.