In 2023, Italy led the European countries in the number of high-growth enterprises in Travel Agency and Tour Operator Services with 162 entities, reflecting a 10.58% growth. Hungary posted a significant 25.29% increase, highlighting its growing industry. Slovakia also saw substantial growth at 26.37%, reaching 29 enterprises. Portugal and Czech Republic observed slight variations, while Romania and Lithuania showed steady increases. Norway, with 9 enterprises, experienced a notable 24.57% growth.
Future trends to watch include the increasing digitalization of travel services, the growing demand for sustainable tourism, and the potential impact of geopolitical factors on travel patterns in Europe. These elements are likely to influence the dynamics and growth opportunities within the sector across different European countries.
Top countries in Number of High Growth Enterprises in Travel Agency and Tour Operator Services by Country
| # | 8 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 162 | 2023 | +32.79% | +10.58% | View data |
| 2 | 2 Hungary | 71 | 2023 | +33.96% | +25.29% | View data |
| 3 | 3 Portugal | 41 | 2023 | +28.13% | -0.24% | View data |
| 4 | 4 Czech Republic | 37 | 2023 | +23.33% | +0.55% | View data |
| 5 | 5 Romania | 31 | 2023 | +29.17% | +9.16% | View data |
| 6 | 6 Lithuania | 31 | 2023 | +34.78% | +5.53% | View data |
| 7 | 7 Slovakia | 29 | 2023 | +52.63% | +26.37% | View data |
| 8 | 8 Norway | 9 | 2023 | +28.57% | +24.57% | View data |
