The European turnover of tour operator services in 2024 reveals Germany leading significantly with a value of 29.47 billion Euros, followed by the UK at 14.39 billion Euros. France and Italy contribute considerably at 8.9 and 8.18 billion Euros, respectively. Smaller markets like Cyprus and Luxembourg remain under 0.02 billion Euros. Year-on-year changes highlight Germany's growth at 5.55%, while Poland shows a significant 8.77% rise. Conversely, the Netherlands and Sweden have declined, with -5.96% and -3.42%, respectively. Serbia presents an impressive surge at 59.11%. The 5-year CAGR indicates stable performance with some volatility, like Latvia’s high at 18.66% and Malta’s decline at -1.25%.
Future trends to watch include potential growth trajectories in emerging markets such as Poland and Serbia, given their recent year-on-year increases. The stabilization or reversal of declining markets, including the Netherlands and Sweden, will also be of interest. External factors such as economic conditions and travel policies in the post-pandemic landscape will likely shape future demands and service structures within this sector.
Top countries in Turnover of Tour Operator Services by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 29,470 | 2023 | +19.3% | +5.55% | View data |
| 2 | 2 United Kingdom | 14,390 | 2023 | +0.19% | +2.38% | View data |
| 3 | 3 France | 8,900 | 2023 | +19.74% | +2.48% | View data |
| 4 | 4 Italy | 8,180 | 2023 | +18.31% | +0.91% | View data |
| 5 | 5 Poland | 4,500 | 2023 | +29.59% | +8.77% | View data |
| 6 | 6 Sweden | 3,380 | 2023 | +12.77% | -3.42% | View data |
| 7 | 7 Netherlands | 2,840 | 2023 | +11% | -5.96% | View data |
| 8 | 8 Spain | 2,090 | 2023 | +9.98% | -3.95% | View data |
| 9 | 9 Belgium | 1,790 | 2023 | +15.22% | -2.25% | View data |
| 10 | 10 Denmark | 1,650 | 2023 | +16.5% | -2.21% | View data |
