The European share of young high growth enterprises, or gazelles, within the travel intermediary services sector shows varied levels across countries. As of 2023, Lithuania and Iceland lead, with significant shares of 5.07% and 4.87%, respectively. Following them, Latvia, Hungary, and the Czech Republic feature moderate figures, demonstrating relatively healthy entrepreneurial ecosystems. Italy, Romania, Portugal, and Norway hover near or below 1%, indicating either lower growth or higher market maturity.
Future trends to watch for in this sector include:
- Potential growth in Italy and Czech Republic, driven by policy incentives supporting startups.
- Shifts in consumer behavior due to technological advancements and increasing digital adoption.
- Geopolitical developments impacting travel regulations and, consequently, the startup landscape in regions like Eastern Europe.
- Environmental sustainability potentially shaping entrepreneurial ventures within travel services.
Top countries in Share of Young High Growth Enterprises (Gazelles) in the Population of Active Enterprises in Travel Intermediary Services by Country
| # | 9 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Lithuania | 5.07 | 2023 | View data |
| 2 | 2 Iceland | 4.87 | 2023 | View data |
| 3 | 3 Latvia | 2.31 | 2023 | View data |
| 4 | 4 Hungary | 1.91 | 2023 | View data |
| 5 | 5 Czech Republic | 1.54 | 2023 | View data |
| 6 | 6 Italy | 1.34 | 2023 | View data |
| 7 | 7 Romania | 0.97 | 2023 | View data |
| 8 | 8 Portugal | 0.69 | 2023 | View data |
| 9 | 9 Norway | 0.32 | 2023 | View data |
