The data on tourism employment in travel agency and tour operator services in Australia illustrates a generally positive trend from 2013 to 2023. Employment increased from 38.2 thousand persons in 2013 to 45.9 thousand persons in 2023, reflecting a gradual upward trajectory despite some fluctuations. Notably, the Compound Annual Growth Rate (CAGR) over the last five years leading up to 2023 stands at 1.14%, indicating sustained growth albeit at a moderate pace. Year-on-year variances indicate periods of both significant growth and minor contractions, underscoring an overall resilience in the sector.
Forecasts from 2024 to 2028 project continued growth in employment, albeit at a slightly more moderate pace with an estimated five-year CAGR of 0.97%. This suggests a stabilization in growth rates, with employment expected to reach 48.8 thousand persons by 2028. Future trends to monitor include the impact of advancements in travel technology, evolving consumer preferences for customization and experiential travel, as well as potential economic fluctuations that could influence travel demand.
