The employment in the travel services sector in Germany has shown significant fluctuations over the past decade, reaching 120.61 thousand employees in 2023. From 2013 to 2019, employment experienced mostly steady growth with some minor dips, peaking just before a steep decline in 2020 due to the pandemic. This decrease was followed by a recovery trend, with a notable 17.85% increase in 2021 and subsequent growth, with 7.02% year-on-year growth recorded in 2023.
Looking towards the future, the forecast suggests continued growth in employment, with an estimated 134.96 thousand employees by 2028. The forecasted compound annual growth rate (CAGR) from 2024 to 2028 stands at 1.78%, indicating a stable but moderate pace of growth.
Future trends to watch for:
- Recovery and stabilization post-pandemic.
- Potential impact of technological advancements on service delivery and employment structures.
- Regulatory changes and sustainability efforts in the travel sector.