Forecast: Turnover of Tour Operator Services in Italy

From 2013 to 2019, the turnover of tour operator services in Italy exhibited moderate growth with a few minor fluctuations, reaching a peak of 8.21 billion Euros. The COVID-19 pandemic caused a dramatic decrease in turnover to 1.91 billion Euros in 2020, representing a -76.68% year-on-year decline. The sector began recovering in 2021 with a 162.55% increase, continuing to grow until it almost reached pre-pandemic levels in 2022 at 6.91 billion Euros. In 2023, the turnover stood at 8.18 billion Euros, marking an 18.31% year-on-year increase, achieving near full recovery from the pandemic.

From 2024 onwards, the forecast data shows stable and minor growth with a CAGR of 0.12% anticipated over the next five years. By 2028, the turnover is projected to reach 8.24 billion Euros, indicating a modest rise.

Future trends to watch for:

  • Potential impacts of new travel regulations and market dynamics post-COVID recovery.
  • Technological advancements and digitalization in the tourism sector.
  • Increases in demand for sustainable and eco-friendly tourism services.
  • Economic factors influencing discretionary spending on travel and tourism.

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