The internal tourism expenditure on passenger transport services in France has had significant fluctuations over the past decade. Starting in 2013 with 27.47 billion euros, the expenditure saw a growth trend interrupted by a notable dip in 2020 due to the COVID-19 pandemic. Growth resumed in 2021 with a 35.43% increase, culminating in a 12.53% rise in 2023, reaching 34.72 billion euros. The five-year CAGR from 2019 to 2023 stands at 2.49%, indicating moderate growth on average.
Key insights include:
- A strong recovery post-2020 pandemic-related downturn.
- An overall upward trend with consistent year-on-year increases from 2021 onward.
- Forecasted growth rates suggest continued expansion, with a 5-year forecast CAGR of 1.59% from 2024 to 2028.
Future trends to watch for include the impact of sustainable travel initiatives, technological advancements in transport services, and changes in domestic travel behaviors which could further influence spending patterns. These factors may play crucial roles in sustaining and potentially increasing growth in the coming years.
