Forecast: Employment in Travel Agency and Tour Operator Activities Sector in Norway

The employment in the Travel Agency and Tour Operator Activities sector in Norway experienced significant fluctuations over the last decade. Since 2013, the sector showed a varied trend, with notable declines in certain years. By 2023, employment stood at 2.75 thousand FTEs, reflecting a marginal recovery post the significant drop in 2020 due to the pandemic. Year-on-year variations over the last two years indicated moderate growth, with a 4.97% increase in 2023. However, over the last five years, the sector displayed a slight downturn with a CAGR of -2.05%.

Forecasts indicate a gradual decline in employment, with a projected CAGR of -2.08% from 2024 to 2028, leading to an overall 9.98% decrease by 2028.

Future trends to watch for:

  • Impact of technological advancements and automation on job reductions.
  • Changes in consumer behavior and preferences post-pandemic affecting demand.
  • Regulatory changes within the travel industry and their effects on operational costs.
  • Environmental sustainability trends influencing travel patterns and job profiles.

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