Europe Travel and Tourism Market Summary and Forecast
Summary
Travel & Tourism in Europe industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The travel & tourism industry consists of revenues generated by passenger airlines, passenger rail, hotels & motels, foodservice, travel intermediaries, and casinos & gaming.
- The European travel & tourism industry had total revenues of $898.8 billion in 2022, representing a negative compound annual growth rate (CAGR) of 2.9% between 2017 and 2022.
- The hotels & motels segment accounted for the industry's largest proportion in 2022, with total revenues of $274.7 billion, equivalent to 30.6% of the industry's overall value.
- The growth of the industry is attributed to rising leisure and business tourism, growth in the hotel and motel industry, an increasing number of global events attracting large visitors, boosting infrastructure development, easing mobility, and emerging adventure tourists. For instance, according to Eurostat, Spain, with an increase of 41.4 million nights (in absolute terms), recorded the highest increase in nights spent by domestic tourists. According to the UNWTO, in January–July 2022, Europe showed one of the fastest recoveries, with arrivals reaching 74% of 2019 levels.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the travel & tourism market in Europe
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the travel & tourism market in Europe
- Leading company profiles reveal details of key travel & tourism market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Europe travel & tourism market with five year forecasts by both value and volume
- What was the size of the Europe travel & tourism market by value in 2022?
- What will be the size of the Europe travel & tourism market in 2027?
- What factors are affecting the strength of competition in the Europe travel & tourism market?
- How has the market performed over the last five years?
- Who are the top competitiors in Europe's travel & tourism market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the strengths of leading players?
- 8 Company Profiles
- 8.1. Accor SA
- 8.2. Deutsche Lufthansa AG
- 8.3. Booking Holdings Inc
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Europe travel & tourism industry value: $ million, 2017–22
- Table 2: Europe travel & tourism industry category segmentation: % share, by value, 2017–2022
- Table 3: Europe travel & tourism industry category segmentation: $ million, 2017-2022
- Table 4: Europe travel & tourism industry geography segmentation: $ million, 2022
- Table 5: Europe travel & tourism industry value forecast: $ million, 2022–27
- Table 6: Accor SA: key facts
- Table 7: Accor SA: Annual Financial Ratios
- Table 8: Accor SA: Key Employees
- Table 9: Accor SA: Key Employees Continued
- Table 10: Deutsche Lufthansa AG: key facts
- Table 11: Deutsche Lufthansa AG: Annual Financial Ratios
- Table 12: Deutsche Lufthansa AG: Key Employees
- Table 13: Deutsche Lufthansa AG: Key Employees Continued
- Table 14: Booking Holdings Inc: key facts
- Table 15: Booking Holdings Inc: Annual Financial Ratios
- Table 16: Booking Holdings Inc: Key Employees
- Table 17: Europe size of population (million), 2018–22
- Table 18: Europe gdp (constant 2005 prices, $ billion), 2018–22
- Table 19: Europe gdp (current prices, $ billion), 2018–22
- Table 20: Europe inflation, 2018–22
- Table 21: Europe consumer price index (absolute), 2018–22
- Table 22: Europe exchange rate, 2018–22
- List of Figures
- Figure 1: Europe travel & tourism industry value: $ million, 2017–22
- Figure 2: Europe travel & tourism industry category segmentation: $ million, 2017-2022
- Figure 3: Europe travel & tourism industry geography segmentation: % share, by value, 2022
- Figure 4: Europe travel & tourism industry value forecast: $ million, 2022–27
- Figure 5: Forces driving competition in the travel & tourism industry in Europe, 2022
- Figure 6: Drivers of buyer power in the travel & tourism industry in Europe, 2022
- Figure 7: Drivers of supplier power in the travel & tourism industry in Europe, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in Europe, 2022
- Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in Europe, 2022
- Figure 10: Drivers of degree of rivalry in the travel & tourism industry in Europe, 2022
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