Forecast: Tourism Employment in Spain

The data from 2013 to 2023 shows that tourism employment in Spain has experienced upward growth with a few fluctuations. By 2023, tourism employment stood at 2.7336 million employees. From 2013 to 2019, there was consistent year-on-year growth, peaking in increments of around 2-5%. In 2020, the COVID-19 pandemic caused a stark decline of 12.71%. Recovery followed in 2021 and accelerated with an 11.29% increase in 2022, continuing to grow by 3.75% in 2023. The compound annual growth rate (CAGR) over the past five years averaged around 0.97%.

Future trends indicate a steady but modest increase in tourism employment from 2024 to 2028, with a forecasted CAGR of 0.82% and total projected growth of 4.19%. This suggests a stable yet slow growth trajectory for the industry.

Future trends to watch for:

• The impact of geopolitical stability and economic policies on tourism.
• Changing consumer travel preferences and technological advancements in the tourism sector.
• Potential influence of climate change and sustainability measures on tourism employment.
• Emergence of new travel destinations and competition affecting Spain's tourism employment rates.