Forecast: Employment in Tour Operator Activities Sector in Spain

From 2013 to 2023, employment in the Tour Operator Activities sector in Spain displayed significant volatility. Employment peaked in 2019 at 5.33 thousand FTEs, followed by a dramatic drop in 2020 due to the pandemic. Subsequent years have seen slight recovery, culminating in 4.53 thousand FTEs in 2023. The trend over the last two years shows a marginal decline of 0.26% in 2023 from the previous year. The CAGR of -1.11% over the last five years highlights a slow decline.

Moving forward, forecasted data suggest a continual downward trend with a projected 2.95% annual decline in employment, leading to 3.76 thousand FTEs by 2028. This reflects a 13.9% decrease over the five-year period.

Trends to monitor:

• Technological advancements in the tourism industry impacting employment.
• Economic recovery post-pandemic and its influence on travel and tourism sectors.
• Policy changes and their effect on the tourism industry in Spain.