The historical data for the output of travel services in Denmark shows moderate fluctuations from 2013 to 2019, exhibiting an average yearly growth before the sharp decline in 2020 due to the COVID-19 pandemic. Recovery started in 2021, with significant growth continuing into 2022 and stabilizing in 2023 at 19.27 billion Danish Krones. Year-on-year variation was notably high in 2021 at 62.96%, reflecting recovery, and then stabilized to 1.31% in 2023. Over the last two years, the output grew, while the average annual growth over the past five years was 1.11% due to the pandemic dip in 2020.
Future projections (2024-2028) indicate a steady upward trend with a forecasted 5-year CAGR of 1.06%, reaching 20.46 billion Danish Krones by 2028. Key trends to watch for include shifts in consumer travel behavior post-pandemic, technological integration in travel services, and the potential impact of geopolitical and economic factors on travel demand.
- 2024 forecast at 19.41 billion Danish Krones
- 2025 forecast at 19.68 billion Danish Krones
- 2026 forecast at 19.94 billion Danish Krones
- 2027 forecast at 20.2 billion Danish Krones
- 2028 forecast at 20.46 billion Danish Krones
