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Travel Agencies & Tour Operators in Luxembourg - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

LU-N791 April 2024 Factsheet

Revenue

€51.8m

2019-2024 18.8 %
2024-2029 X.X %

Employees

515

2019-2024 2.9 %
2024-2029 X.X %

Businesses

70

2019-2024 2.1 %
2024-2029 X.X %

Wages

€XX.Xm

2019-2024 XX.X %
2024-2029 X.X %

Travel Agencies & Tour Operators in Luxembourg market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Luxembourg compared to Europe?

Country Benchmarking

Industry Data Luxembourg

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#34 In Europe
Business
#35 In Europe
Employees
#35 In Europe
Wages
#32 In Europe

The Travel Agencies & Tour Operators in Luxembourg ranks 34 in Europe with regards to its 2024 revenue (€51.8m). Revenue received by operators in Luxembourg has been high in volatility over the past five-year period, with the average annual change in revenue (18.8 %) most comparable to...

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Enterprises
Number of businesses in 2024

Revenue per Enterprise
Value (€ Million) in 2024

Top Questions Answered in this Report

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What is the market size of the Travel Agencies & Tour Operators industry in Luxembourg in 2024?

The market size of the Travel Agencies & Tour Operators industry in Luxembourg is €51.8m in 2024.

How many businesses are there in the Travel Agencies & Tour Operators in Luxembourg industry in 2024?

There are 70 businesses in the Travel Agencies & Tour Operators industry in Luxembourg, which has declined at a CAGR of 2.1 % between 2019 and 2024.

Has the Travel Agencies & Tour Operators industry in Luxembourg grown or declined over the past 5 years?

The market size of the Travel Agencies & Tour Operators industry in Luxembourg has been declining at a CAGR of 18.8 % between 2019 and 2024.

What is the forecast growth of the Travel Agencies & Tour Operators industry in Luxembourg over the next 5 years?

Over the next five years, the Travel Agencies & Tour Operators industry in Luxembourg is expected to grow.

What does the Travel Agencies & Tour Operators in Luxembourg include?

Online travel booking services and Travel agency services are part of the Travel Agencies & Tour Operators industry.

How competitive is the Travel Agencies & Tour Operators industry in Luxembourg?

The level of competition is high and increasing in the Travel Agencies & Tour Operators industry in Luxembourg.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

The industry includes companies that sell travel, tour, transportation and accomodation services to households and commercial clients. This industry is composed of agencies that provide booking, reservation and information services. Tour operators arrange, assemble and conduct tours in Europe and other countries around the world.

What's included in this industry?

Online travel booking servicesTravel agency servicesDomestic tours and excursionsTours to the rest of the worldTours for oversears visitors

Industry Code

ISIC 2006

791 - Travel agency and tour operator activities in Luxembourg

Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Current Performance

Charts
  • Revenue in the Travel Agencies & Tour Operators in Luxembourg
  • Employees in the Travel Agencies & Tour Operators in Luxembourg
  • Business in the Travel Agencies & Tour Operators in Luxembourg
  • Profit in the Travel Agencies & Tour Operators in Luxembourg

Current Performance

Analysis

How does this country's performance compare to Europe?


Life Cycle

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

International Trade

Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power
ANALYSIS

What is the competitive landscape in Europe?

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Travel Agencies & Tour Operators in Luxembourg industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Travel Agencies & Tour Operators in Luxembourg industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

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