Forecast: International Tourism Expenditures for Travel Items in Germany

Germany's international tourism expenditures for travel items have shown variability over the past decade. Between 2013 and 2019, there were fluctuations with both increases and decreases. The COVID-19 pandemic in 2020 caused a significant drop in expenditures, with a recovery starting in 2021 and accelerating through 2022 and 2023. As of 2023, the value stood at $94.895 billion, a 13.93% increase from the previous year.

From 2024 onwards, the forecast data indicates a stable growth trend in tourism expenditures, with a CAGR of 0.47% over the next five years, resulting in a cumulative growth rate of 2.38% by 2028. The average growth rate per year for the past five years (2019-2023) has been slightly negative at -0.064%.

Future trends to watch for:

• Economic factors that may impact discretionary spending on travel.
• Potential resurgence or decline of pandemic-related effects on travel behaviors.
• Changes in consumer preferences towards sustainable and eco-friendly travel options.