The turnover of Travel Agency and Tour Operator Services in Germany saw a significant decline in 2020 due to the pandemic, dropping by 63.09%. However, the sector demonstrated a robust recovery with an 83.79% increase in 2021 and continued growth in 2022 and 2023, where it stood at 38.23 billion euros, showing an 18.5% year-on-year increase. The forecast from 2024 indicates a continued upward trend, with a projected average annual growth rate (CAGR) of 2.44% over the next five years, culminating in a turnover of 44.59 billion euros by 2028.

Future Trends to Watch For:

Development of digital transformation within travel agencies and tour operators.
Increasing demand for personalized and bespoke travel experiences.
Growing importance of sustainability in tourism services.
Potential impact of geopolitical factors on travel patterns.