In 2023, Italy led with 8 young high growth enterprises (gazelles) in travel intermediary services, reflecting a 21.67% growth compared to the previous year. Lithuania, Romania, Hungary, Latvia, and Iceland reported stable numbers, while the Czech Republic experienced a 14.87% growth. Portugal saw a decline of 12.94%, bringing its total to 1 enterprise. These trends indicate a mixed performance across the region, with some countries like Italy and the Czech Republic showing notable growth.
Future Trends to Watch:
- Economic recovery and digital transformation may fuel further growth in this sector.
- Watch for increased investment and policy support in fostering innovation and entrepreneurship.
- Potential for market consolidation as larger players may acquire smaller firms to expand portfolios.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Travel Intermediary Services by Country
| # | 8 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 8 | 2023 | +33.33% | +21.67% | View data |
| 2 | 2 Lithuania | 3 | 2023 | +50% | View data | |
| 3 | 3 Romania | 2 | 2023 | +100% | 0% | View data |
| 4 | 4 Hungary | 2 | 2023 | +100% | View data | |
| 5 | 5 Czech Republic | 2 | 2023 | 0% | +14.87% | View data |
| 6 | 6 Latvia | 1 | 2023 | 0% | View data | |
| 7 | 7 Portugal | 1 | 2023 | 0% | -12.94% | View data |
| 8 | 8 Iceland | 1 | 2023 | 0% | 0% | View data |
