The Travel Agency and Tour Operator sector in Italy has shown significant fluctuations over the past decade. Starting at €1.7 billion in 2013, the GVA witnessed a steady increase until 2019, reaching €2.32 billion, before plummeting to €0.9591 billion in 2020 due to the COVID-19 pandemic. The sector recovered significantly in 2021 and continued to grow, reaching €2.4 billion in 2023.
Significant year-on-year variations include:
- 2014: 9.62%
- 2020: -58.72%
- 2021: 72.94%
- 2022: 26.26%
- 2023: 14.47%
The last five-year CAGR (up to 2023) stands at 1.32%. Looking ahead, the forecast indicates a steady growth trajectory with a 5-year CAGR of 0.77%, reaching €2.52 billion by 2028.
Future trends to watch for include the impact of technological advancements in travel services, the increasing popularity of sustainable tourism, and potential fluctuations due to geopolitical and economic factors.
