Analyzing the number of employees in the travel services sector in Turkey reveals nuanced trends between 2014 and 2023, measured in Thousand Units (Persons). The figure in 2023 stood at 40.0, reflecting stability with no year-on-year variation from 2022. Despite occasional fluctuations, such as a notable increase of 7.32% in 2015 and a drop of 8.7% in 2018, the sector displayed a general decline over the decade. The Compound Annual Growth Rate (CAGR) from 2014 to 2023 averaged at -0.97%, indicating a slow but steady reduction in workforce size.
Regarding future trends, forecasts suggest a slight downward trajectory with a projected CAGR of -0.51% from 2024 to 2028, culminating in a 2.5% reduction over these five years. This forecast indicates potential challenges for the sector, requiring adaptation strategies to sustain workforce levels.