The package holiday segment was the largest revenue generator in the travel and tourism market in Europe in 2021 at 78.65 billion U.S. dollars. This revenue was a significant increase from the 2020 figure due to the beginning lifting of covid-19 restrictions across the continent. All segments saw a similar development. The revenue from cruises for example more than doubled since the previous year. The Statista Mobility Market Outlook estimates that by 2026, revenue in this segment will increase to over 10 billion dollars, while the revenue of the hotel segment is estimated to reach around 128 billion U.S. dollars.
Revenue of the travel and tourism market in Europe from 2017 to 2026, by segment (in million U.S. dollars)
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Statista. (January 18, 2022). Revenue of the travel and tourism market in Europe from 2017 to 2026, by segment (in million U.S. dollars) [Graph]. In Statista. Retrieved May 24, 2022, from https://www.statista.com/forecasts/891263/revenue-in-the-reisen-and-tourismus-market-in-europe
Statista. "Revenue of the travel and tourism market in Europe from 2017 to 2026, by segment (in million U.S. dollars)." Chart. January 18, 2022. Statista. Accessed May 24, 2022. https://www.statista.com/forecasts/891263/revenue-in-the-reisen-and-tourismus-market-in-europe
Statista. (2022). Revenue of the travel and tourism market in Europe from 2017 to 2026, by segment (in million U.S. dollars). Statista. Statista Inc.. Accessed: May 24, 2022. https://www.statista.com/forecasts/891263/revenue-in-the-reisen-and-tourismus-market-in-europe
Statista. "Revenue of The Travel and Tourism Market in Europe from 2017 to 2026, by Segment (in Million U.S. Dollars)." Statista, Statista Inc., 18 Jan 2022, https://www.statista.com/forecasts/891263/revenue-in-the-reisen-and-tourismus-market-in-europe
Statista, Revenue of the travel and tourism market in Europe from 2017 to 2026, by segment (in million U.S. dollars) Statista, https://www.statista.com/forecasts/891263/revenue-in-the-reisen-and-tourismus-market-in-europe (last visited May 24, 2022)