In 2023, European household expenditure on package holidays revealed significant variation across countries. Spain led the expenditure with 7.95 billion euros despite a slight decline, exhibiting a robust package holiday market. Italy observed a sharp decrease in expenditure, while France, Netherlands, Belgium, and other countries experienced moderate declines. Notably, Greece and Latvia bucked the trend with growth in expenditure, reflecting evolving travel preferences in these markets, while Lithuania saw the steepest decline. Over a five-year period, constant year-on-year changes highlight varying national behaviors and economic conditions impacting travel expenditure.
Future trends to watch include the recovery post-pandemic, impacting travel demand and expenditure positively in regions with previously declining trends. A focus on sustainable tourism and digital transformation in booking processes could further influence expenditure patterns. Moreover, economic factors, such as inflation and geopolitical developments, may alter consumer spending habits on package holidays across European countries.
Top countries in Household Expenditure on Package Holidays by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 7,950 | 2023 | -23.44% | -5.19% | View data |
| 2 | 2 Italy | 2,900 | 2023 | -0.6% | -16.07% | View data |
| 3 | 3 France | 1,960 | 2023 | -21.38% | -2.88% | View data |
| 4 | 4 Netherlands | 1,880 | 2023 | -37.57% | -12.48% | View data |
| 5 | 5 Belgium | 1,770 | 2023 | +0.0056% | -7.78% | View data |
| 6 | 6 Austria | 1,660 | 2023 | -19.03% | -5.37% | View data |
| 7 | 7 Greece | 945.03 | 2023 | +2.66% | +6.84% | View data |
| 8 | 8 Finland | 942 | 2023 | +1.29% | -7.1% | View data |
| 9 | 9 Ireland | 820.39 | 2023 | -17.95% | -0.35% | View data |
| 10 | 10 Slovenia | 442.14 | 2023 | -5.04% | -1.91% | View data |
