Forecast: Number of Persons Employed of Travel Agency in Spain

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.

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