In 2024, Germany leads European international travel expenditure with a share of 22.18 million euros, followed by the UK with 17.31 million and France at 12.46 million. Among the larger economies, Spain and Portugal showed significant growth in 2023, with a 7.47% and 7.44% increase respectively. In contrast, Belgium witnessed a slight decline.
Notably, Greece, Luxembourg, and Hungary demonstrated positive growth rates in the previous year. Over the past five years, the average annual growth rate (CAGR) shows stable increases, indicating consistent expansion in the travel sector across Europe.
Future trends to watch include the impact of economic fluctuations and geopolitical stability on travel patterns. Additionally, emerging travel markets within Europe, along with digital innovations in travel services, are likely to influence expenditure shares. Environmental sustainability and eco-friendly travel options could also play a significant role in shaping tourist preferences and expenditure distribution in the future.
Top countries in International Travel Expenditure Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 22.18 | 2023 | +15.71% | +1.63% | View data |
| 2 | 2 United Kingdom | 17.31 | 2023 | +19.63% | +2.92% | View data |
| 3 | 3 France | 12.46 | 2023 | +14.76% | +3.27% | View data |
| 4 | 4 Spain | 8.13 | 2023 | +25.39% | +7.47% | View data |
| 5 | 5 Italy | 7.67 | 2023 | +18.97% | +3.56% | View data |
| 6 | 6 Netherlands | 5.52 | 2023 | +17.76% | +2.51% | View data |
| 7 | 7 Sweden | 4.32 | 2023 | +17.2% | +5.14% | View data |
| 8 | 8 Norway | 4.06 | 2023 | +21.73% | +2.12% | View data |
| 9 | 9 Belgium | 3.92 | 2023 | +7.34% | -0.17% | View data |
| 10 | 10 Austria | 2.95 | 2023 | +18.46% | +3.12% | View data |
