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Travel Agencies in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Travel Agencies Market Research Report | NAICS 56151 | Oct 2015

All aboard: Continual improvement in the broader economy will boost the industry

IBISWorld’s Travel Agencies market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$35bn
Annual Growth 10-15
3.8%
Annual Growth 15-20
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Profit
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Employment
190,512
Businesses
10,629
Industry Analysis & Industry Trends

The Travel Agencies industry is growing once again, as traditional brick-and-mortar travel agents reinvent themselves to remain relevant in an industry now dominated by online bookings. The rise of online travel websites has completely revolutionized the industry. In the coming years, continual improvement in the broader economy will boost the industry's prospects as travel rates lift. Growth in per capita income, rising consumer sentiment and declining unemployment will lead to growth in domestic and international travel. However, consumers will continue to remain price conscious and more likely to book travel online... purchase to read more

Industry Report - Industry Analysis Chapter

The Travel Agencies industry comprises two distinctly different segments, with both growing at starkly different rates over the past five years. Online travel websites are growing quickly, as consumers move online in increasing numbers to book travel. Meanwhile, many traditional brick-and-mortar travel agents are struggling due to fierce price competition from their online counterparts. The business model of travel agents has changed; they now rely more on service fees charged to clients, rather than vendor commissions, meaning they have to justify the fees they charge... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Travel Agencies Industry?

This industry includes businesses that sell, book and arrange travel, tour and accommodation services for the general public and commercial clients. The industry also encompasses companies primarily engaged in providing travel arrangement and reservation services, including online-only booking systems.

Industry Products
International and domestic airline bookingsTour and packaged travel bookingsAccommodation bookingsCruise bookingsCar rentalOther services
 
Industry Activities
Retailing and reserving travel ticketsRetailing and reserving toursRetailing and reserving travel accommodations


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