The turnover in the Travel Agency and Tour Operator Activities sector in Finland has shown significant fluctuations over the past decade. From 2013 to 2019, the sector experienced marginal yearly changes with occasional drops and recoveries. However, the industry's turnover was severely impacted in 2020 due to the global pandemic, witnessing a steep decline of 64.26%. The sector started recovering in 2021 with an 84.66% increase year-on-year and continued this recovery into 2022 and 2023 with respective growths of 27.98% and 14.41%. As of 2023, the turnover stood at 1.22 billion euros.
Looking ahead, the forecasted data from 2024 to 2028 indicates stabilization with minimal annual changes in turnover, maintaining around 1.21 to 1.22 billion euros. The average variation per year over the next five years (CAGR) forecasts a slight decline of 0.19%.
Future trends to watch for include the sector's response to evolving travel preferences post-pandemic, the impact of technological advancements, and sustainability concerns influencing both consumer choices and regulatory frameworks.
- 2013-2019: Marginal yearly variations with occasional declines
- 2020: Severe impact due to the pandemic
- 2021-2023: Recovery phase with significant year-on-year growth
- 2024-2028: Stabilization phase with minor fluctuations
- Key future trends: Post-pandemic travel preferences, technological advancements, sustainability
