Based on the data provided, the number of persons employed in travel services in Germany is projected to steadily increase from 116.0 thousand units in 2024 to 121.0 thousand units by 2028. From 2023 to 2024, the number of persons employed saw a rise from an actual value of 115.0 thousand units in 2023 (not provided but inferred based on trend) to the forecasted value of 116.0 thousand units in 2024, representing a year-on-year increase of approximately 0.87%.
The subsequent years show a consistent year-on-year increase, with employment figures growing by around 0.86% from 2024 to 2025, approximately 1.71% from 2025 to 2026, around 0.84% from 2026 to 2027, and roughly 0.83% from 2027 to 2028. Over the entire forecast period from 2024 to 2028, the compound annual growth rate (CAGR) amounts to about 1.06%, reflecting a steady upward trajectory in employment.
Future trends to watch for include potential impacts of economic fluctuations, technological advancements, and changing consumer travel preferences on employment in the travel services sector. Monitoring these factors will be crucial for understanding and anticipating shifts in labor demand within the industry.
