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 Investment Chapter
The Travel Agencies industry has a low level of capital intensity. For every dollar spent on wages and associated labor costs in 2014, operators in the industry will spend about $0.04 on the use and replacement of capital.
The industry is labor intensive because a high level of personal contact is required of successful operators in order to win and retain business. Sales staff need to have significant travel-product knowledge and must be able to tailor packages depending on the client's needs. The average industry wage is $55,700 per person in 2014, reflecting the relatively skilled labor force the industry employs. Staff need to be adept at sales, client relations and have a specialized knowledge of the travel industry... purchase to read more