The analysis of the European Household Expenditure on Package Holidays for 2023 reveals significant variances across countries. Germany retains a dominant share despite a 9.61% decline. Spain and Poland exhibit smaller declines of 5.34% and 2.62%, respectively. Notably, Italy and the Netherlands experience substantial drops of 16.04% and 11.83%. Conversely, Greece and Macedonia see increases of 6.68% and 7.93%. Overall, the last five years indicate a moderate average decline across most countries, affecting the overall European market.
Looking forward to 2024, potential trends to watch include:
- Post-pandemic recovery could bolster expenditure in countries previously declining, notably Italy and the Netherlands.
- Emerging markets like Greece may continue capitalizing on growth due to increased traveler interest.
- Macroeconomic factors such as inflation and currency fluctuations could impact affordability and demand across European countries.
Top countries in Household Expenditure on Package Holidays Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 40.85 | 2023 | -13.85% | -9.61% | View data |
| 2 | 2 Spain | 14.95 | 2023 | -24.04% | -5.34% | View data |
| 3 | 3 Poland | 5.88 | 2023 | -24.51% | -2.62% | View data |
| 4 | 4 Italy | 5.42 | 2023 | -0.46% | -16.04% | View data |
| 5 | 5 France | 3.94 | 2023 | -16.3% | -1.66% | View data |
| 6 | 6 Netherlands | 3.67 | 2023 | -35.22% | -11.83% | View data |
| 7 | 7 Norway | 3.49 | 2023 | +18.16% | -0.17% | View data |
| 8 | 8 Czech Republic | 3.4 | 2023 | -22.4% | +0.51% | View data |
| 9 | 9 Belgium | 3.36 | 2023 | +0.93% | -7.61% | View data |
| 10 | 10 Austria | 3.11 | 2023 | -19.2% | -5.42% | View data |
