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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 | Dec 2013

All aboard: Improved travel rates and online bookings will lead to industry growth

IBISWorld’s Travel Agencies market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$33bn
Annual Growth 08-13
-0.8%
Annual Growth 13-18
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Profit
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Employment
203,872
Businesses
11,763
Industry Analysis & Industry Trends

As the economy moves into recovery and traveling trends pick up, demand will increase and fuel growth for the Travel Agencies industry. Internet technology will drive revenue growth, as consumers increasingly choose online travel agencies for flexibility and efficiency. While this trend will effectively eliminate many smaller brick-and-mortar establishments, profitability for online operators is expected to grow... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Travel Agencies industry is in the mature phase of its industry life cycle. The face of this industry is changing rapidly and moving away from the traditional fixed retail sales outlet to one that has a significant internet-based booking component. The trend is customer-led, but has been assisted by the emergence of online-only booking engines that provide comprehensive information (both air and ground travel) and the ability to book, pay for, confirm and change reservations. These websites also allows travelers to search out the best prices, opening up information that was once unavailable to the average consumer... 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 airline travel reservationsDomestic airline travel reservationsCruise reservationsTours and packaged reservationsLodging reservationsVehicle rental reservations
 
Industry Activities
Travel tickets and reservationsTour and reservationsAccommodation and reservations


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