The European Turnover of Travel Agency and Tour Operator Services reveals a significant distribution across countries. The United Kingdom leads with €52.33B, followed by Germany (€38.23B) and Spain (€26.15B). Italy and Switzerland also feature prominently with €14.77B and €14.11B respectively. In contrast, smaller markets such as Bosnia and Herzegovina (€0.0572B) and Macedonia (€0.1074B) depict a narrower footprint.
Year-on-year variations indicate growth in several markets: Poland (7.4%), Estonia (8.89%), and Serbia (50.84%). Conversely, markets like Iceland (-19.88%), Belgium (-2.84%), and Sweden (-2.11%) experienced declines. The 5-year CAGR trend shows an overall stable yet region-specific growth pattern, with dynamic shifts highlighting the industry's evolving landscape.
Future trends to monitor include the increasing digital transformation of the travel industry, sustainability and eco-friendly travel preferences, and the potential impact of geopolitical factors on travel habits. The focus will be on markets with robust growth potential and the ability to adapt to new consumer demands.
Top countries in Turnover of Travel Agency and Tour Operator Services by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 52,330 | 2023 | +0.75% | +1.07% | View data |
| 2 | 2 Germany | 38,230 | 2023 | +18.5% | +3.44% | View data |
| 3 | 3 Spain | 26,150 | 2023 | +20.5% | +2.62% | View data |
| 4 | 4 Italy | 14,770 | 2023 | +23.4% | +4.42% | View data |
| 5 | 5 Switzerland | 14,110 | 2023 | +23.69% | +3.14% | View data |
| 6 | 6 France | 10,550 | 2023 | +14.83% | -0.71% | View data |
| 7 | 7 Sweden | 5,180 | 2023 | +13.64% | -2.11% | View data |
| 8 | 8 Poland | 5,090 | 2023 | +27.88% | +7.4% | View data |
| 9 | 9 Austria | 4,520 | 2023 | +15.73% | -0.047% | View data |
| 10 | 10 Belgium | 4,470 | 2023 | +14.64% | -2.84% | View data |
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