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.