The employment in the Travel Agency and Tour Operator Activities sector in France showed a volatile trend from 2013 to 2023, with significant fluctuations. Over the last decade, the sector experienced a notable dip in 2020 due to the pandemic, significantly reducing employment by nearly 50%. Post-recovery saw a gradual increase, with employment figures reverting to nearly pre-pandemic levels by 2023 at 28.98 thousand Full-Time Equivalents (FTE). Year-on-year variations reflect this recovery, showing an 11.46% increase in 2023 and an average annual growth rate (CAGR) of 0.16% over the last five years.
Looking forward, the estimated CAGR from 2024 to 2028 is predicted at 0.25%, suggesting modest yet steady growth. The employment level is forecasted to reach 29.43 thousand FTE by 2028, representing a cumulative growth rate of 1.24% over the five-year period.
Future Trends to Watch:
- The impact of digital transformation and automation on employment levels.
- The role of sustainable tourism and its influence on sector growth.
- Changes in consumer behavior and travel preferences post-pandemic.
- Regulatory changes and their effects on the tourism industry.
