The number of enterprises in travel agency and tour operator services in Germany is projected to increase steadily from 12,570 in 2024 to 13,490 in 2028. This represents a compound annual growth rate (CAGR) of approximately 1.8% over these five years. The year-on-year growth trends are consistent, with each year showing a growth of around 1.78%. In contrast, the year 2023 recorded a slightly lower number of enterprises, standing at approximately 12,340, suggesting continued industry recovery and growth post the disruptions caused by the global pandemic.
Future trends to watch for include:
- The impact of technological advancements like AI in improving efficiency and customer experiences.
- Sustainable travel trends influencing business models and operations.
- Potential market consolidation as larger players acquire smaller operators to expand market reach.