In 2023, the turnover of travel agencies in France was valued at 2.04 billion Euros. Forecasts predict a significant decline in the coming years, with the turnover expected to drop to 1.77 billion Euros in 2024, 1.48 billion Euros in 2025, 1.19 billion Euros in 2026, 0.9058 billion Euros in 2027, and 0.6251 billion Euros in 2028.
Year-on-year variations indicate:
- From 2023 to 2024: a decrease of 13.24%
- From 2024 to 2025: a decrease of 16.38%
- From 2025 to 2026: a decrease of 19.59%
- From 2026 to 2027: a decrease of 23.88%
- From 2027 to 2028: a decrease of 31.01%
The last CAGR from 2023 to 2028 shows an average annual drop of approximately 20.73%.
Future trends to watch for include the increasing impact of digitalization on travel agencies, changes in consumer behavior favoring online booking platforms, and the potential recovery influence of global travel stabilization post-pandemic. It will be crucial for travel agencies to innovate and adapt to these trends to mitigate the decline in turnover.
