Employment in the Travel Agency and Tour Operator Activities sector in Sweden has experienced a notable decline from 2013 to 2023. Starting at 8.57 thousand full-time equivalents (FTEs) in 2013, the sector faced a significant drop in 2020 due to the COVID-19 pandemic, reaching a low of 6.34 thousand FTEs. However, the subsequent recovery brought employment levels back to 7.52 thousand FTEs by 2023. This represents a modest rebound post-pandemic with a year-on-year growth rate of 2.87% in 2023.
Future trends indicate a gradual decrease in employment, forecasted to reach 7.05 thousand FTEs by 2028. The five-year CAGR from 2023 to 2028 is expected to be -1.04%, translating to a forecasted growth rate of -5.08% over the period. Key future trends to watch for include:
- Impact of digital transformation on traditional travel agencies.
- Shifts in consumer preferences towards DIY booking platforms.
- Potential resurgence in demand for personalized travel experiences.
- Influence of geopolitical and economic stability on travel demand.
