In 2023, the United Kingdom led Europe in travel intermediary services with a production value of 52.36 billion euros, showcasing minimal growth compared to other countries. Germany and Switzerland also play significant roles, contributing 15.79 and 15.15 billion euros, respectively. Ledger countries like Poland, Croatia, and the Czech Republic experienced notable growth in production values, with Poland increasing by 6.18%, Croatia by 6.43%, and the Czech Republic by 7.69%. However, Belgium and Malta faced declines, with values dropping by 0.67% and 3.05% respectively.
Looking forward, expect digitalization and innovation in travel tech to drive future growth in the European market. Countries with smaller current production values might see higher percentage growth rates as they leverage technology to expand their services and market presence. Areas of potential growth include online booking platforms, mobile integration, and personalized travel services, with Eastern European countries likely becoming key players due to their anticipated rapid development.
Top countries in Production Value of Travel Intermediary Services by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 52,360 | 2023 | +0.4% | +0.6% | View data |
| 2 | 2 Germany | 15,790 | 2023 | +16.74% | +2.83% | View data |
| 3 | 3 Switzerland | 15,150 | 2023 | +22.91% | +2.78% | View data |
| 4 | 4 Italy | 13,620 | 2023 | +17.23% | +1.16% | View data |
| 5 | 5 France | 13,340 | 2023 | +15.7% | +1.13% | View data |
| 6 | 6 Sweden | 6,130 | 2023 | +15.26% | +0.39% | View data |
| 7 | 7 Spain | 5,790 | 2023 | +18.47% | +2.48% | View data |
| 8 | 8 Poland | 5,490 | 2023 | +24.6% | +6.18% | View data |
| 9 | 9 Belgium | 5,240 | 2023 | +16.27% | -0.67% | View data |
| 10 | 10 Czech Republic | 5,050 | 2023 | +26.32% | +7.69% | View data |
