From 2013 to 2019, internal tourism consumption in France showed a steady increase, peaking at 130.6 billion Euros in 2019. The year-on-year growth varied between 1.71% and 6.23%. The impact of the COVID-19 pandemic resulted in a sharp decline of -36.68% in 2020, dropping the value to 82.7 billion Euros. A significant rebound was observed in 2021, with a 32% increase, continuing to rise in 2022 and reaching a forecasted 139.79 billion Euros for 2023, marking a 10.31% year-on-year growth. Presently, internal tourism consumption stands at 139.79 billion Euros.
The year-on-year variation over the last two years highlights a substantial recovery: 16.08% in 2022 and 10.31% in 2023. Over the past five years, the average annual growth rate (CAGR) was 2.6%. Looking forward, the projected CAGR for the next five years stands at 1.59%, with an overall growth rate of 8.22% by 2028.
Future trends to watch for include the impacts of inflation on tourism costs, potential geopolitical uncertainties, and the role of sustainable travel. Additionally, technology's influence on personalized travel experiences and the likely increase in domestic tourism promotion are significant areas to monitor.
