PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1368776
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1368776
According to SPER Market Research, 'Europe Tourism Market Size- By Type, By Purpose - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Europe Tourism Market is predicted to reach USD 2067.04 billion by 2033 with a CAGR of 6.01%.
By generating resources and jobs, fostering sustainable development, promoting cultural assets, and fortifying European identity, tourism makes a substantial contribution to the growth of European areas. Infrastructure for the tourism industry contributes more broadly to the expansion of the local economy, creates or maintains jobs, and partially makes up for the decline in the manufacturing sector.
The COVID-19 epidemic has had a severe and long-lasting effect on the European tourism industry. The continent-known for its rich history, numerous cultures, and iconic landmarks-faced unprecedented challenges as travel restrictions, lockdowns, and health concerns immobilized the tourism industry. Many of Europe's heavily tourist-dependent countries, such as Spain, Italy, and Greece, suffered economically as a result of the sharp decline in international visitors.