The domestic tourism expenditure on passenger transport services in France has seen a mixed trend over the past decade. In 2013, expenditure stood at €17.2 billion, and experienced fluctuations over the years. Notable peaks included €22.4 billion in 2019, followed by a sharp decline in 2020 to €12.7 billion due to the COVID-19 pandemic. Recovery was swift, with €19.93 billion in 2022, showing a strong rebound. As of 2023, expenditure reached €22.43 billion, illustrating an upward trend.
- Year-on-year variations have been substantial, particularly during economic uncertainties and the pandemic. For instance, 2019 saw a 15.45% rise, while 2020 experienced a 43.3% decline.- The following years indicated recovery with 19.93% in 2022, and 12.51% in 2023.- The average annual growth rate (CAGR) over the last five years is 2.94%.
Forecasts indicate steady growth with domestic tourism expenditure expected to reach €25.35 billion by 2028, implying a 1.94% CAGR over the next five years.
Future trends to watch for include the impact of sustainable tourism practices, digital transformation in the travel sector, and potential economic fluctuations affecting travel spending patterns.
