In 2023, the turnover in the travel agency, tour operator, reservation service, and related activities sector in Germany stood at approximately 43.0 billion Euros. The forecasted data from 2024 to 2028 indicates a steady growth within this industry, with a year-on-year increase ranging from 3.36% to 2.67%. The compound annual growth rate (CAGR) over the next five years is projected at around 3.17% per annum.
- Anticipate digital transformation impacts.
- Watch for fluctuations due to geopolitical and economic factors.
- Monitor sustainable travel demand increases.