Market Research Reports - Ken Research Major Travel Agencies in Spain | Page 2

industries. Majorly, if looked upon globally, the European ports have managed to achieve an
affirmative growth rate in the cargo traffic especially at marine ports, which is further expected
to propel the growth of cargo handling industry with the passage of time in major parts of
Europe including Spain.
It has been observed that the recent trends have triggered amplification in number of buyers of
storage and warehousing, like e-commerce, internet retailing, retail and wholesale industries,
and have ultimately contributed to the holistic development of the industry. Huge investments
in port infrastructure coupled with persistent developments of internet retailing and tourism
sectors in the country are expected to speed up the market by 2021. A flourishing tourism
sector is definitely going to have an optimistic impact on the industry’s growth rates.
Furthermore, owing to the positive economic progress, and remarkable growth in the exports;
the industry’s performance has been noted to evolve at a decent CAGR by the end of 2016 and
is anticipated to keep on ameliorating year after year registering improved CAGRs in future.
Considering the travel agencies industry in Spain; in 2016, international tourism spending in the
country was valued somewhere at 58.9 billion Euros and these statistics have further amplified
in 2017 and will continue to rise at an increasing pace, leading to a positive future market
outlook. Lately, it has been noticed that the tourism sector is experiencing a rise in market
demands for travel agencies’ services as a result of which, the market is anticipated to record
more than 1% CAGR by 2021 owing to the infrastructural investments along with ongoing
innovations.
Today, travel and tourism are being treated as the most significant activities in Spanish
economy since they have a direct impact on the overall economic growth of a country
supplemented by booming employment opportunities and thereby, the industry is all set to
proliferate in the coming years.
To know more about the research report:
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-
shipping/cargo-handling-warehousing-travel-agencies-spain-isic-63/144445-100.html
Related Reports:
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-
shipping/vietnam-3pl-market/145653-100.html
https://www.kenresearch.com/automotive-transportation-and -warehousing/logistics-and-
shipping/china-cold-chain-market/145655-100.html
Contact Us: