As of 2023, the self-employed individuals in UK travel services stood at approximately 17,000. Forecasts predict a gradual increase with the number reaching 18,000 in 2024 and growing to 20,000 by 2028. This reflects 5.9% growth from 2023 to 2024, and a compound annual growth rate (CAGR) of approximately 4.3% from 2024 to 2028.
Future trends to watch for:
- Influence of technology: Digital transformation could aid self-employed expansion through improved customer reach and streamlined operations.
- Economic conditions: Economic shifts may impact disposable income, affecting demand for travel services.
- Policy changes: Any changes in self-employment regulations or travel industry policies could significantly influence forecasts.