From 2013 to 2018, the number of persons employed in travel agencies in Germany showed fluctuating growth, culminating in 60.46k employees by 2018. However, in 2019, there was a significant decline of 13.03%, followed by an even sharper drop of 29.73% in 2020 due to the pandemic. The market rebounded in 2021 with a 39.58% increase, and growth continued till 2023 with 62.68k employees. The last two years exhibited an 8.13% increase. The five-year CAGR up to 2023 stood at 0.73%.
Future trends show a positive outlook, with forecasts predicting a steady increase in employment up to 67.78k employees by 2028. The five-year forecast CAGR is anticipated to be 1.24%, reflecting a gradual recovery and growth.
Future trends to watch for include technological advancements in travel booking, shifts in consumer travel behavior post-pandemic, and the impact of economic conditions on travel demand. Additionally, sustainability trends may influence the structure and demand within the travel industry.
