Forecast: Number of Persons Employed in Travel Agency Activities Sector in Spain

Based on the forecasted data for the number of persons employed in the travel agency activities sector in Spain from 2024 to 2028, there is a clear downward trend. In 2023, the employment level stood at 40.35 thousand employees. In 2024, the employment is expected to be 39.91 thousand, which is a 1.1% decrease from 2023. This decline continues yearly, with employment figures dropping by approximately 1.1% to 1.2%. By 2028, the employment is forecasted to decrease to 38.19 thousand employees. Over the last five years, the compound annual growth rate (CAGR) indicates an average annual decline of around 1.3%.

Future trends to watch for in this sector include:

- Increased adoption of digital and online booking platforms could cause a further decline in traditional travel agency employment.

- Economic fluctuations and global travel restrictions due to geopolitical issues or pandemics may continue to impact employment levels.

- Innovations in travel technology and increased demand for personalized and experiential travel could create new opportunities and roles within the sector.

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