The European travel intermediary services sector exhibits notable diversity in high growth enterprises by country. In 2023, Italy led with a 34.64% share, followed by Hungary with 16.4%. Portugal and Czech Republic represented 12.91% and 8.61% respectively. Slovakia showed a strong year-on-year growth of 26.37%, while Hungary displayed a 25.21% increase. Conversely, Norway saw a decline of 2.82%. Over the last five years, the sector witnessed varying Compound Annual Growth Rates, indicating fluctuating dynamics across different nations.
Looking forward, key trends to watch include:
- The continued strong performance of Slovakia and Hungary, building on their recent impressive growth.
- Potential rebound opportunities for Norway to reverse its negative trend.
- Italy's potential for sustained leadership given its significant share and steady growth.
- The embrace of digital transformation and emerging technologies could be pivotal in shaping future growth trajectories across Europe.
Top countries in Number of High Growth Enterprises in Travel Intermediary Services Share by Country (Units (Enterprises))
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 34.64 | 2023 | +30% | +8.97% | View data |
| 2 | 2 Hungary | 16.4 | 2023 | +35.59% | +25.21% | View data |
| 3 | 3 Portugal | 12.91 | 2023 | +28.57% | +4.73% | View data |
| 4 | 4 Czech Republic | 8.61 | 2023 | +23.53% | +0.48% | View data |
| 5 | 5 Romania | 7.38 | 2023 | +33.33% | +9.37% | View data |
| 6 | 6 Lithuania | 6.76 | 2023 | +26.92% | +8.45% | View data |
| 7 | 7 Slovakia | 5.94 | 2023 | +52.63% | +26.37% | View data |
| 8 | 8 Norway | 2.66 | 2023 | +30% | -2.82% | View data |
