International tourist expenditures for passenger transport items in Germany saw a significant decline from 2013 to 2023, dropping from $11.357 billion to $7.4668 billion. After a notable dip in 2014 and continuous decreases through 2019, the COVID-19 pandemic led to a sharp drop in 2020. A partial recovery occurred in 2021 and 2022, but 2023 saw a slight dip again, standing at $7.4668 billion.
Year-on-year variation over the last two years was 9.11% in 2022 and -1.8% in 2023, indicating some recovery followed by a small decline. The CAGR for the past five years is -2.1%.
Looking forward, tourist expenditures are forecasted to decrease slightly, with a five-year CAGR of -1.57%. As a result, by 2028, expenditures are projected to further drop to $6.7081 billion. Future trends to watch include the potential resurgence of travel as global conditions stabilize and the impact of sustainable tourism practices on travel preferences.
