In 2023, Germany led package holiday expenditure at €21.74 billion, despite a notable decline of 9.61%. Spain followed, showing a smaller dip at 5.34%. Italy experienced the steepest drop among high spenders, at 16.04%. France and Poland had relatively minor reductions of 1.66% and 2.62%, respectively. Significant growth was observed in Macedonia, up by 7.93%, and Greece, rising by 6.68%, indicating emerging trends. Overall, most European countries saw declining expenditure due to fluctuating economic factors.
Future trends to watch include potential recovery against declining expenditure, influenced by economic rebound and travel sentiment. Attention to rising demand in Eastern European countries with recent positive growth could indicate emerging markets in the region.
Top countries in Household Expenditure on Package Holidays by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 21,740 | 2023 | -13.85% | -9.61% | View data |
| 2 | 2 Spain | 7,960 | 2023 | -24.04% | -5.34% | View data |
| 3 | 3 Poland | 3,130 | 2023 | -24.51% | -2.62% | View data |
| 4 | 4 Italy | 2,880 | 2023 | -0.46% | -16.04% | View data |
| 5 | 5 France | 2,090 | 2023 | -16.3% | -1.66% | View data |
| 6 | 6 Netherlands | 1,950 | 2023 | -35.22% | -11.83% | View data |
| 7 | 7 Norway | 1,860 | 2023 | +18.16% | -0.17% | View data |
| 8 | 8 Czech Republic | 1,810 | 2023 | -22.4% | +0.51% | View data |
| 9 | 9 Belgium | 1,790 | 2023 | +0.93% | -7.61% | View data |
| 10 | 10 Austria | 1,660 | 2023 | -19.2% | -5.42% | View data |
