In 2023, Spain led the market with a share of €34.92 million, despite a 5.19% decline. Among other major markets, Italy saw a substantial dip of 16.07%, and the Netherlands dropped by 12.48%. Conversely, Greece experienced a notable increase of 6.84%. Minor fluctuations were observed in smaller markets like Latvia (+1.78%) and Slovenia (-1.91%). Over the last five years, the Compound Annual Growth Rate (CAGR) reflected diverse trends across various countries.
Looking forward, market analysts should keep an eye on emerging preferences for sustainable and experiential travel, as well as the impact of economic fluctuations and political stability within the EU. The rise of digital platforms for holiday bookings may also influence future expenditure patterns.
Top countries in Household Expenditure on Package Holidays Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 34.92 | 2023 | -23.44% | -5.19% | View data |
| 2 | 2 Italy | 12.72 | 2023 | -0.6% | -16.07% | View data |
| 3 | 3 France | 8.62 | 2023 | -21.38% | -2.88% | View data |
| 4 | 4 Netherlands | 8.26 | 2023 | -37.57% | -12.48% | View data |
| 5 | 5 Belgium | 7.78 | 2023 | +0.0056% | -7.78% | View data |
| 6 | 6 Austria | 7.29 | 2023 | -19.03% | -5.37% | View data |
| 7 | 7 Greece | 4.15 | 2023 | +2.66% | +6.84% | View data |
| 8 | 8 Finland | 4.14 | 2023 | +1.29% | -7.1% | View data |
| 9 | 9 Ireland | 3.6 | 2023 | -17.95% | -0.35% | View data |
| 10 | 10 Slovenia | 1.94 | 2023 | -5.04% | -1.91% | View data |
