The turnover of travel intermediary services in Norway is expected to reach 4.63 billion euros in 2024, up from its 2023 levels. The forecast shows a steady growth trend, with anticipated values of 4.67 billion euros in 2025, 4.71 billion euros in 2026, 4.74 billion euros in 2027, and 4.77 billion euros in 2028. This represents a year-on-year percentage increase of approximately 0.75% to 0.85%.
Over the last two years, the turnover displayed consistent growth, reflecting an annual average growth rate (CAGR) of around 0.7%. The continuous upward trend signifies a robust recovery and gradual expansion of the travel intermediary sector.
Future trends to watch for:
- Further digitalization of travel services, enhancing customer experience and operational efficiency.
- Increasing demand for sustainable and eco-friendly travel options.
- The potential impact of economic fluctuations and geopolitical factors on travel demand.
- Innovative business models emerging within the travel intermediary space.