The number of employees in the Travel Agency Activities sector in Finland has seen significant fluctuations over the past decade. From 2013 to 2023, the sector experienced a steady decline from 1.74 thousand employees to 0.967 thousand employees. This ongoing trend highlights a significant reduction in workforce due to multiple factors, particularly the sharp decrease observed in 2020 due to the pandemic.
In 2023, the number of employees stood at 0.967 thousand, reflecting a minor year-on-year decrease of 0.62% from 2022. Over the last two years, there has been minimal recovery, but the overall trend remains downward.
Looking ahead from 2024 to 2028, forecasts indicate a continued decline in employment in this sector, with a forecasted five-year CAGR of -6.24%, which translates to an anticipated 27.54% reduction in the workforce by 2028.
Future trends to watch for include:
- Automation and digitalization within travel agency activities potentially leading to fewer employment opportunities.
- Potential economic recovery post-pandemic and its subsequent impact on travel activity and travel-related employment.
- Evolving consumer preferences and the increasing dominance of online platforms for travel bookings.