In 2023, Lithuania leads with the highest share of young high-growth enterprises (gazelles) in the travel agency and tour operator services sector at 5.7%. Latvia follows with 4.01%, while the Czech Republic, Hungary, Italy, Romania, and Portugal showcase more modest shares at 1.62%, 1.29%, 0.87%, 0.51%, and 0.39%, respectively. The data from previous years reveal minimal variations, indicating a stable trend over the last two years, with a negligible compound annual growth rate (CAGR) over the last five years.
Looking forward, significant trends to monitor include the impact of digital transformation and sustainable travel initiatives on the growth of young enterprises within this sector across Europe. Additionally, macroeconomic conditions and travel demand will play a crucial role in shaping the competitive landscape for these businesses.
Top countries in Share of Young High Growth Enterprises (Gazelles) in the Population of Active Enterprises in Travel Agency and Tour Operator Services by Country
| # | 7 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Lithuania | 5.7 | 2023 | View data |
| 2 | 2 Latvia | 4.01 | 2023 | View data |
| 3 | 3 Czech Republic | 1.62 | 2023 | View data |
| 4 | 4 Hungary | 1.29 | 2023 | View data |
| 5 | 5 Italy | 0.87 | 2023 | View data |
| 6 | 6 Romania | 0.51 | 2023 | View data |
| 7 | 7 Portugal | 0.39 | 2023 | View data |
