Forecast: Production Value of Tour Operator Services in Italy

The production value of tour operator services in Italy has experienced significant fluctuations from 2013 to 2023. Starting at €6.85 billion in 2013, there was a steady increase up until 2019, reaching €8.32 billion. However, the sector suffered a sharp decline in 2020 due to the pandemic, plummeting by 73.72% to €2.19 billion. Following this, the market showed strong recovery, with a notable year-on-year rise of 141.06% in 2021 and a return to pre-pandemic levels by 2022 at €7.14 billion. As of 2023, the value stands at €8.4 billion, with a year-on-year growth of 17.67% and a 5-year CAGR of 1.23%.

Future projection shows a stable and moderate growth trend from 2024 to 2028, with slight annual increases. By 2028, the market is expected to reach €8.52 billion, with a forecasted 5-year CAGR of 0.23% and a growth rate of 1.18%. Key trends to watch include the impact of technological advancements, evolving consumer preferences, and potential global disruptions that could influence market stability and growth trajectories.

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