Production in the Travel Agency Activities sector in France saw varied trends from 2013 through 2023. The peak was in 2014 with a strong year-on-year increase of 29.03%, reaching €4.68 billion. However, from 2015 onwards, the market experienced a downward trajectory, notably plummeting in 2020 by a staggering -64.32% due to the global pandemic. Despite a short rebound with a 56.07% increase in 2021, the value stood at €2.01 billion in 2023. The CAGR over the last five years (2018-2023) reflects an average annual decline of -8.09%.
Looking forward, the sector is projected to continue its decline, with values forecasted to drop to €0.57 billion by 2028. The forecast indicates a 5-year CAGR of -19.87%, translating to a -66.96% reduction from 2023 levels. Key future trends to watch for include recovery measures in the post-pandemic environment, increased digitization of travel services, and potential shifts in travel behaviors and demands influenced by economic conditions and regulatory changes.
