The travel agency sector in Germany is forecasted to see a modest growth from 2024 to 2028. The number of enterprises is expected to rise annually, starting at approximately 9.67 thousand in 2024 and reaching about 10.39 thousand by 2028. This reflects a year-on-year growth rate of around 1.86%, indicating a stable but gradual increase in the number of travel agencies. The compound annual growth rate (CAGR) over these five years is estimated at 1.83%.
Future trends to watch for in this sector include:
- Increasing digitalization and use of technology in operations and customer service.
- Growing focus on sustainable and eco-friendly travel options.
- Potential consolidation as smaller agencies might merge or partner with larger players.