The number of employees in the Travel Agency and Tour Operator sector in Denmark has shown significant variations from 2013 to 2023. The sector experienced a period of growth from 2013 to 2019, peaking at 9.42 million hours in 2017. However, a sharp decline occurred in 2020 and 2021, attributed to the impact of the COVID-19 pandemic, leading to a reduction of over 50% in employment hours between 2019 and 2021. A recovery phase began in 2022 with a notable year-on-year increase of 36.08%, though it slightly retracted by 6.12% in 2023, standing at 6.72 million hours for the year.
The forecast from 2024 to 2028 indicates a gradual but consistent decline, with an average annual decrease of 1.01% (CAGR). By 2028, the employment hours are expected to fall to 6.31 million hours, amounting to an overall reduction of 4.96% compared to 2023.
Future trends to watch for include:
- The sector's response to potential economic recoveries or downturns.
- The impact of digital transformation and automation on employment.
- Trends in international travel demand post-pandemic.
- Policy changes within Denmark’s travel and tourism regulations.
