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Tour Operators in Europe - Market Size, Industry Analysis, Trends and Forecasts (2025-2030)

ISIC 7912 May 2025 Spotlight Report

Revenue

€69.0bn

2020-2025 13.5 %
2025-2030 X.X %

Employees

188k

2020-2025 8.9 %
2025-2030 X.X %

Businesses

30,986

2020-2025 3.9 %
2025-2030 X.X %

Wages

€X.Xbn

2020-2025 X.X %
2025-2030 X.X %

Tour Operators in Europe industry analysis

Revenue in the Tour Operators industry in Europe is anticipated to grow at a compound annual rate of 13.5% to €69 billion over the five years through 2025. The decline in revenue for much of the period is predominantly due to the damage the COVID-19 outbreak inflicted on the travel sector over the two years through 2022. Customers were unable to travel abroad or domestically. Since restrictions were eased (at different intervals across different countries), holiday numbers have increased both domestically and internationally, which has seen an influx in bookings for European tour operators. Travel in Europe was 6.2% higher in 2024 than its pre-pandemic 2019 level, as recorded by the European Travel Commission, and many Europeans have sought advice and booked tours to travel to their dream destinations. Revenge travel was a trend tour operators became quickly accustomed to, with customers hungry for trips after being locked in for so long during the COVID-19 outbreak. Whilst high inflation in recent years has curbed demand with people’s pockets squeezed, savings during COVID-19 and people’s prioritisation of travel as their luxury purchase has kept bookings high. People are still booking lots of trips in 2025, but are looking for value for money. This is raising bookings in lesser frequented countries, which is encouraging tour operators to offer more packages in new countries to offer budget getaways for price sensitive customers. As a result, tour operator’s revenue is set to grow 0.3% in 2025. The weather continues to dictate seasonal demand, despite an uptick in off-season holidays, and destinations that tour operators target for trips, whilst geopolitical tensions have customers wanting the protection of booking through a travel operator.

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Industry Statistics and Trends

Tour Operators in Europe key trends

Tour operators that keep updating their travel technology will nudge ahead of competitors.

 

Investing and building easy-to-use online booking systems will ensure customers continue to enjoy booking their trips with certain operators.

Travel has remained popular but people are cost-savvy.

 

Many people remain eager to travel to their bucket list destinations but want value for money and those adventuring to new locations want more travel protection and advice.

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Tour Operators in Europe

Industry Revenue

Total value and annual change from 2012-2030. Includes 5-year outlook.

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Tour Operators in Europe market size (2020-2025)

Industry revenue has grown at a CAGR of 13.5 % over the past five years, to reach an estimated €69.0bn in 2025.

Trends and Insights

Tourism across Europe and internationally is back

  • Travel to Europe eclipsed its pre-pandemic level by 1% in 2024, according to UN Tourism. The relatively speedy return to 2019 tourism levels demonstrates the recovery in bookings that tour operators have witnessed in the last few years. Rising arrival numbers correspond to more tourists booking trips and tours, which is increasing sales for European tour operators. Tour operators are offering more tours to popular destinations like Spain, France and Portugal to capitalise on expanding visitor numbers. Trips in the final quarter of 2024 to Portugal and Greece were 17.8% and 13.7% higher than in 2019, according to the European Travel Commission. With travel booming, tour operators are directly reaping the benefits.

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Tour Operators in Europe outlook (2025-2030)

Market size is projected to grow over the next five years.

Online bookings will continue to be a staple of the industry

  • The majority of tour operators have already welcomed the importance of online bookings and marketing to remain competitive, but plenty of operators will continue to invest in their websites and improve their online customer service to stand out to travellers in a crowded market. Offering tour packages that align with customers travel needs, activity ideals and budgets will remain the key to boosting bookings, making the importance of having reliable local partners and the ability to run tours smoothly and safely in a wide variety of locations essential. In a price-sensitive operating environment, tour operators who dominate the online travel scene with value-for-money tours that offer authentic experiences will attract the largest share of European travellers. Having a website that is easy to use, with loyalty perks will then be the difference-maker.

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Revenue

€69.0bn

2020-2025 13.5 %
2025-2030 X.X %

Employees

188k

2020-2025 8.9 %
2025-2030 X.X %

Wages

€X.Xbn

2020-2025 X.X %
2025-2030 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 8.9 % *
  • Job Growth

Top 5 Countries

  1. Belgium +7.4%
  2. Portugal +7.1%
  3. Germany +6.5%
  4. Spain +5.4%
  5. Slovakia +5.2%

Bottom 5 Countries

  1. Estonia -5.8%
  2. Iceland -4.5%
  3. Malta -4.2%
  4. Norway -2.7%
  5. Serbia -2.2%

* CAGR values are for the years 2020-2025.

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Biggest companies in the Tour Operators in Europe

Company
Market Share (%)
2025
Revenue (€m)
2025
Profit (€m)
2025
Profit Margin (%)
2025
REWE Group
86,203.0
1,625.0
1.9
Rainbow Tours SA
3,719.0
124.0
3.3
Jet2 plc
6,993.0
472.0
6.7

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Tour Operators in Europe

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Top Questions Answered in this Report

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What is the market size of the Tour Operators industry in Europe in 2025?

The market size of the Tour Operators industry in Europe is €69.0bn in 2025.

How many businesses are there in the Tour Operators industry in Europe in 2025?

There are 30,986 businesses in the Tour Operators industry in Europe, which has grown at a CAGR of 3.9 % between 2020 and 2025.

Has the Tour Operators industry in Europe grown or declined over the past 5 years?

The market size of the Tour Operators industry in Europe has been growing at a CAGR of 13.5 % between 2020 and 2025.

What is the forecast growth of the Tour Operators industry in Europe over the next 5 years?

Over the next five years, the Tour Operators industry in Europe is expected to grow.

What does the Tour Operators industry in Europe include?

Domestic tours and excursions within Europe and Tours to the rest of the world are part of the Tour Operators industry in Europe.

Which countries have the most businesses in the Tour Operators industry in Europe?

The European country with the most businesses in the Tour Operators industry is Italy.

How competitive is the Tour Operators industry in Europe?

The level of competition is high and increasing in the Tour Operators industry in Europe.

Related Industries

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Table of Contents

About this industry

Industry definition

Tour operators arrange, assemble and conduct tours in Europe and other countries around the world. These tours can be sold directly by the operators or via travel agencies. Tours may include a combination of transportation, accommodation, food and visits to events or locations.

Related Terms

STAYCATIONPACKAGE HOLIDAY

What's included in this industry?

Domestic tours and excursions within Europe Tours to the rest of the worldTours for overseas visitors

Companies

REWE GroupRainbow Tours SAJet2 plc

Industry Code

ISIC 2006

7912 - Tour operator activities in Europe

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Performance

Key Takeaways

Tourism across Europe and internationally is back

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Revenue Highlights

Trends
  • Revenue
  • 2025 Revenue Growth
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue in the Tour Operators in Europe industry (2012 -2030)
  • Employees in the Tour Operators in Europe industry (2012 -2030)
  • Business in the Tour Operators in Europe industry (2012 -2030)
  • Profit in the Tour Operators in Europe industry (2012 -2030)
Analysis

What's driving current industry performance in the Tour Operators in Europe industry?


Outlook

Analysis

What's driving the Tour Operators in Europe industry outlook?


Volatility

Analysis

What influences volatility in the Tour Operators in Europe industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Tour Operators in Europe industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

By specialising, tour operators can carve out a niche. Targeting a specific age group or specialising in a certain activity tour operators can target younger age groups looking for affordable tours that are filled with fun activities.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Tour Operators in Europe industry's products and services performing?

Analysis

What are innovations in the Tour Operators in Europe industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Tour Operators in Europe industry?


International Trade

Highlights

  • Largest Importer
  • Smallest Importer
  • Total Imports into Europe
  • Largest Exporter
  • Smallest Exporter
  • Total Exports into Europe
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2025)

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Revenue by Region (2025)
  • Share of Total Industry Enterprises by Region (2025)
  • Share of Total Industry Employment by Region (2025)
  • Share of Total Industry Wages by Region (2025)

Industry Geographic Breakdown

Data Tables

Values and annual change provided for 37 European countries:

  • Revenue (2025)
  • IVA (2025)
  • Enterprises (2025)
  • Employment (2025)
  • Exports (2025)
  • Imports (2025)

Competitive Forces

Highlights

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

Key Takeaways

Expanding through acquiring smaller travel agencies is boosting concentration. Larger tour operators do buy up smaller, niche operators that specialise in countries or regions to increase their presence throughout Europe and expand their customer base.

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Supply Chain

Charts

Buyer and supply industries

Companies

Market Share

Charts
  • Industry Market Share by Company (2020-2025)

Companies

Data Tables

Top 11 companies by market share:

  • Market share (2025)
  • Revenue (2025)
  • Profit (2025)
  • Profit Margin (2025)

Data Tables
  • Countries of operation for REWE Group
  • Countries of operation for Rainbow Tours SA
  • Countries of operation for Jet2 plc
  • Countries of operation for Schauinsland-Reisen GmbH
  • Countries of operation for Expedia Group Inc
  • Countries of operation for Booking Holdings Inc
  • Countries of operation for Tui AG
  • Countries of operation for Virgin Holidays Ltd
  • Countries of operation for eDreams ODIGEO SA
  • Countries of operation for Star Tours Europe
  • Countries of operation for Euroventure Travel Ltd

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Operators rely on associations for guidance and legal advice. Associations offering insurance to operators provide guidance to support high service standards, ensure health and safety regulations are met and promote responsible tourism.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Tour Operators in Europe industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

A desire for revenge travel has supported a spike in tour operator bookings. Profit has surged as people continue to prioritise travelling despite the cost of living in many European countries remaining high.

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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 Tour Operators in Europe industry?


Key Ratios

Data tables
  • IVA/Revenue (2015-2030)
  • Imports/Demand (2015-2030)
  • Exports/Revenue (2015-2030)
  • Revenue per Employee (2015-2030)
  • Wages/Revenue (2015-2030)
  • Employees per Establishment (2015-2030)
  • Average Wage (2015-2030)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and bottom five countries listed for each:

  • Revenue Growth (2025)
  • Business Growth (2025)
  • Job Growth (2025)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2025)
  • Imports/Demand (2025)
  • Exports/Revenue (2025)
  • Revenue per Employee (2025)
  • Wages/Revenue (2025)
  • Employees per Establishment (2025)
  • Average Wage (2025)

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 (2015-2030)
  • IVA (2015-2030)
  • Establishments (2015-2030)
  • Enterprises (2015-2030)
  • Employment (2015-2030)
  • Exports (2015-2030)
  • Imports (2015-2030)
  • Wages (2015-2030)

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.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.