In 2023, the number of travel agencies in Italy stood at approximately 5.14 thousand enterprises. The forecast from 2024 to 2028 suggests a steady increase, reaching 5.34 thousand by 2028. This indicates a consistent year-on-year growth of approximately 0.77%. The compound annual growth rate (CAGR) over the last five years is approximately 0.77% as well, highlighting a smooth upward trend.
Future trends to watch for:
- Impact of digitalization on traditional agency models.
- Potential market consolidation due to increased competition and economic factors.
- Shifts in consumer preferences towards personalized travel experiences.
