Employees in the Travel Agency and Tour Operator sector in Spain have experienced fluctuating trends over the last decade. Following steady growth from 2013 to 2019, the sector faced a significant downturn in 2020 and 2021 due to the COVID-19 pandemic, with employee numbers dropping drastically. The sector rebounded in 2022 and continued to grow in 2023, reflecting a strong recovery. As of 2023, employment stood at 55.4 thousand persons.
Short-term variations highlight that 2022 saw a substantial year-on-year growth of 50.58%, followed by a 6.95% increase in 2023. The five-year compound annual growth rate (CAGR) from 2018 to 2023 was modest at 1.2%, indicating a recovery trend.
Forecasts for the next five years show a positive but slower growth trajectory, with a forecasted CAGR of 0.32% from 2024 to 2028, reaching an employee count of 56.5 thousand by 2028.
Future trends to watch for:
- Potential impact of digitalization and automation on employment rates.
- Effects of geopolitical and economic factors on the travel industry.
- Consumer behavior shifts towards sustainable and experience-oriented travel.
