The travel services share of Switzerland’s service exports is forecasted to decline from 10.29% in 2024 to 8.1% by 2028. In 2023, it stood at 10.85%. The year-on-year percentage variations reflect a consistent decrease: -5.45% from 2024 to 2025, -5.65% from 2025 to 2026, -5.88% from 2026 to 2027, and -6.25% from 2027 to 2028. Over the last two years, this consistent downtrend highlights a weakening share of travel services in overall service exports. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately -5.77%, indicating a steady decline over the five years.
Future trends to watch for include potential impacts of global economic conditions on travel demand, government policies affecting tourism, and competitive pressures from other service sectors. It is also important to monitor technological advancements and shifts in consumer behavior that could influence the travel industry’s performance.
