Based on the 2024 forecast data for European travel services output, Germany leads with 41.51 billion euros, followed by the Netherlands with 18.85 billion euros. Greece and Belgium trail with 3.12 billion and 2.78 billion euros respectively, while Austria reaches 2.35 billion euros. Smaller outputs are noted in Croatia, Slovakia, Slovenia, Lithuania, and Estonia, ranging from 1.08 to 0.23 billion euros. Examining year-on-year percentage changes from 2023, Germany, the Netherlands, and Estonia show significant growth rates of 2.69%, 3.44%, and 3.54% respectively. Conversely, Belgium and Austria exhibit slight decreases. Over the last five years, Compound Annual Growth Rate (CAGR) data indicate varying growth stability across countries.
Future trends in European travel services may see digital transformation impacting market dynamics, with an increased emphasis on sustainability and tailored experiences. Monitoring geopolitical shifts, economic health, and technological advancements will be crucial for anticipating future performance and growth opportunities in this sector.
Top countries in Output of Travel Services by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 41,510 | 2023 | +19.51% | +2.69% | View data |
| 2 | 2 Netherlands | 18,850 | 2023 | +3.46% | +3.44% | View data |
| 3 | 3 Greece | 3,120 | 2023 | +1.61% | +1.18% | View data |
| 4 | 4 Belgium | 2,780 | 2023 | +13.17% | -3.08% | View data |
| 5 | 5 Austria | 2,350 | 2023 | +15.14% | -0.34% | View data |
| 6 | 6 Croatia | 1,080 | 2023 | +23.76% | +3.78% | View data |
| 7 | 7 Slovakia | 974.5 | 2023 | +23.94% | +2.48% | View data |
| 8 | 8 Slovenia | 546.93 | 2023 | +21.1% | +1.16% | View data |
| 9 | 9 Lithuania | 355.92 | 2023 | +22.69% | +1.97% | View data |
| 10 | 10 Estonia | 233.46 | 2023 | +22.65% | +3.54% | View data |
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