In 2023, the turnover of travel intermediary services in Spain stood at 28.8 billion Euros. From 2024 onwards, the series expresses forecasted data. The turnover is expected to grow consistently with a year-on-year increase of 4% from 2024 to 2025, 3.8% from 2025 to 2026, 3.64% from 2026 to 2027, and 3.48% from 2027 to 2028. Over the last five years, the Compound Annual Growth Rate (CAGR) averages out to approximately 4%.
Future trends to watch for:
- The increasing adoption of digital platforms among consumers for travel bookings.- Potential impacts of economic fluctuations on discretionary travel spending.- Developments in AI and machine learning to personalize travel experiences.- Emerging competition from disruptive startups and alternative booking platforms.
