The employee count in the Travel Agency Activities sector in Spain was 39.56 thousand in 2023. Analyzing the period from 2013 to 2023, a noticeable fluctuation occurs, with significant growth peaks observed in 2018 (9.86%) but a severe downturn in 2020 (-13.85%), attributable to the COVID-19 pandemic. The recovery began post-2020, evident from positive year-on-year growth until 2023. Over the last two years (2022-2023), the growth rate has slowed but remained positive at 1.61%. The five-year CAGR until 2023 shows a slight decline at -0.86%.
Forecasts from 2024 to 2028 indicate a steady decline, with the number of employees reducing from 39.09 thousand in 2024 to 37.22 thousand in 2028, reflecting a negative five-year CAGR of -0.97% and an overall decrease of 4.76% during this period.
Future trends to watch for:
- The ongoing digitalization and automation within the travel industry.
- Potential new market dynamics influenced by post-pandemic shifts in travel behavior and preferences.
- The impact of economic conditions and travel restrictions.