Forecast: Employees in Travel Agency and Tour Operator Sector in Germany

The Travel Agency and Tour Operator sector in Germany saw significant changes over the last decade. Between 2013 and 2019, there was a stable increase in the number of employees, peaking in 2019 at 93,000 persons. This growth period saw moderate year-on-year increases averaging between 1% to 3.57%. However, from 2020 onward, the sector faced severe declines. Impacted by global disruptions, the number of employees plummeted, with a sharp year-on-year decrease of 15% in 2023, standing at 51,000 persons. The CAGR from 2018 to 2023 shows an average yearly decline of 11.32%.

Looking ahead, forecast data suggests a continued downtrend leading to 2028, with a forecasted CAGR of -10.69% over the next five years. The number of employees is anticipated to drop to 25,000 persons by 2028, marking a 43.18% decline from 2023.

Future trends to watch for include:

• Technological advancements and automation potentially reducing the need for human employees.
• Changing consumer preferences for self-service and digital solutions.
• Economic recovery patterns and their impact on travel demand.