The data on inbound tourism expenditure on transport equipment rental services in Spain shows a notable recovery and growth over recent years. From 2016 to 2019, there was a steady but minimal increase each year. The year 2020 saw a drastic 78.42% decline due to the pandemic, followed by significant rebounds in 2021 (186.05%) and 2022 (39.7%). By 2023, the value reached 713.9 million euros, with a year-on-year increase of 19.26%. The CAGR from 2021 to 2023 was an impressive 68.28%. Over the forecast period up to 2028, the market is expected to see slow but steady growth, with a five-year CAGR of 0.21%.
Future trends to watch for include the impact of sustainable tourism practices, technological advancements in transport rentals, and potential economic fluctuations that could affect tourism patterns. Enhanced digitalization and changes in global travel preferences may also influence expenditure dynamics in the coming years.
