The European wages and salaries of travel agencies exhibit noticeable disparities by country. As of 2023, the leading countries in terms of value are the United Kingdom with €27.78 million and Germany with €21.5 million. Positive trends are seen in countries like Spain (+2.68%), Italy (+3.42%), Austria (+2.13%), and Portugal (+2.78%), while negative trends are evident in the United Kingdom (-0.68%), France (-0.88%), and Belgium (-1.16%). Emerging growth is notable in Eastern Europe, particularly in Romania (+13.18%) and Lithuania (+24.0%). Additionally, substantial annual growth was observed in Serbia (+16.01%) and Hungary (+11.89%).
Future trends to watch:
- Growth potential in Eastern European countries like Romania, Lithuania, and Serbia, suggests significant future market opportunities.
- Markets with declining values, such as the United Kingdom, France, and Belgium, require strategic interventions to reverse trends.
- The potential impact of economic and geopolitical factors on these trends, considering the forecast data from 2024.
Top countries in Wages and Salaries of Travel Agency Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 27.78 | 2023 | -0.35% | -0.68% | View data |
| 2 | 2 Germany | 21.5 | 2023 | +11.75% | +0.8% | View data |
| 3 | 3 Spain | 17.15 | 2023 | +11.88% | +2.68% | View data |
| 4 | 4 France | 6.44 | 2023 | +4.79% | -0.88% | View data |
| 5 | 5 Italy | 5.31 | 2023 | +13.22% | +3.42% | View data |
| 6 | 6 Austria | 4.02 | 2023 | +5.42% | +2.13% | View data |
| 7 | 7 Portugal | 2.68 | 2023 | +7.24% | +2.78% | View data |
| 8 | 8 Belgium | 2.36 | 2023 | +8.07% | -1.16% | View data |
| 9 | 9 Sweden | 2.24 | 2023 | +3.45% | +1.21% | View data |
| 10 | 10 Greece | 2.16 | 2023 | +11.97% | +1.1% | View data |
