Forecast: Domestic Tourism Expenditure on Air Passenger Transport Services in Spain

The domestic tourism expenditure on air passenger transport services in Spain stood at 4.04 billion euros in 2023, marking a significant recovery from the COVID-19 pandemic's impact. The year-on-year variation saw a 16.92% increase from 2022 to 2023. Examining the last five years, the compound annual growth rate (CAGR) from 2018 to 2023 was 8.98%, indicating robust recovery trends post-pandemic. The forecasted data from 2024 to 2028 shows a steady growth rate with a forecast 5-year CAGR of 0.78%, reflecting stabilization in domestic air travel expenditure.

Future trends to watch for:

  • Potential impact of inflation and fuel prices on air travel costs.
  • Recovery and growth in international tourism that could affect domestic travel.
  • Increased adoption of sustainable and eco-friendly travel options.
  • Technological advancements in the travel industry enhancing customer experience.

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