Travel & Tourism in Finland
Summary
Travel & Tourism in Finland industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Travel & tourism industry is segmented into passenger airlines, passenger rail, foodservice, hotels & motels, and travel intermediaries.
- The Finnish travel & tourism industry recorded revenues of $9.9 billion in 2023, representing a negative compound annual growth rate (CAGR) of 3.6% between 2018 and 2023.
- The passenger airlines segment accounted for the industry's largest proportion in 2023, with total revenues of $3.2 billion, equivalent to 32.6% of the industry's overall value.
- Increasing capital investment in the travel & tourism industry is a key driver of growth, particularly in sectors such as airlines, railways, foodservice, and accommodation. Investors are channelling more funds into expanding travel infrastructure to meet rising demand. According to the World Bank, the capital investment in travel and tourism in Finland reached $3.1 billion in 2023, reflecting a 4.7% increase from 2022.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the travel & tourism market in Finland
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the travel & tourism market in Finland
- 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 Finland travel & tourism market with five year forecasts
- What was the size of the Finland travel & tourism market by value in 2023?
- What will be the size of the Finland travel & tourism market in 2028?
- What factors are affecting the strength of competition in the Finland travel & tourism market?
- How has the market performed over the last five years?
- What are the main segments that make up Finland'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 are the strategies of the leading players?
- 7.3. What are the recent developments in the industry?
- 8 Company Profiles
- 8.1. Finnair Oyj
- 8.2. McDonald’s Oy (Finland)
- 8.3. Booking Holdings Inc
- 8.4. Scandic Hotels Oy
- 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: Finland travel & tourism industry value: $ million, 2018-23
- Table 2: Finland travel & tourism industry category segmentation: % share, by value, 2018-23
- Table 3: Finland travel & tourism industry category segmentation: $ million, 2018-23
- Table 4: Finland travel & tourism industry geography segmentation: $ million, 2023
- Table 5: Finland travel & tourism industry value forecast: $ million, 2023-28
- Table 6: Finnair Oyj: Key Facts
- Table 7: Finnair Oyj: Annual Financial Ratios
- Table 8: Finnair Oyj: Key Employees
- Table 9: McDonald’s Oy (Finland): Key Facts
- Table 10: McDonald’s Oy (Finland): Key Employees
- Table 11: Booking Holdings Inc: Key Facts
- Table 12: Booking Holdings Inc: Annual Financial Ratios
- Table 13: Booking Holdings Inc: Key Employees
- Table 14: Scandic Hotels Oy: Key Facts
- Table 15: Scandic Hotels Oy: Key Employees
- Table 16: Finland Size of Population (million), 2019-23
- Table 17: Finland real GDP (Constant 2010 Prices, $ billion), 2019-23
- Table 18: Finland GDP (Current Prices, $ Billion), 2019-23
- Table 19: Finland Inflation, 2019-23
- Table 20: Finland Consumer Price Index (Absolute), 2019-23
- Table 21: Finland Exchange Rate, 2018-23
- List of Figures
- Figure 1: Finland travel & tourism industry value: $ million, 2018-23
- Figure 2: Finland travel & tourism industry category segmentation: $ million, 2018-23
- Figure 3: Finland travel & tourism industry geography segmentation: % share, by value, 2023
- Figure 4: Finland travel & tourism industry value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the travel & tourism industry in Finland, 2023
- Figure 6: Drivers of buyer power in the travel & tourism industry in Finland, 2023
- Figure 7: Drivers of supplier power in the travel & tourism industry in Finland, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in Finland, 2023
- Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in Finland, 2023
- Figure 10: Drivers of degree of rivalry in the travel & tourism industry in Finland, 2023
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