The number of persons employed in Travel Agencies in Spain stood at 40.35 thousand employees in 2023. Over the past decade, the employment trend exhibited fluctuations. Following a decline in 2013, there was a period of steady growth until 2018, with the most notable increase happening from 2016 to 2018. In 2020, employment levels suffered a significant drop of 9.68% likely due to the global pandemic's impact on the travel industry. The subsequent years have seen a slow recovery, but the overall trend from 2019 to 2023 indicates a declining pattern.
The forecast for the next five years (2024-2028) suggests a continual decrease in employment numbers, with the compound annual growth rate (CAGR) expected to be -0.88%. By 2028, the projected employment is anticipated to be 38.19 thousand employees, reflecting a 4.31% reduction compared to 2023 levels.
Future trends to watch for include technological advancements in travel booking processes, shifts in consumer travel behavior post-COVID-19, and the potential for automation reducing employment needs in the sector. Adaptations to these trends will be crucial for travel agencies’ survival and growth.