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 - Starting a New Business Chapter
The Travel Agencies industry has low barriers to entry, with no restrictive factors prohibiting new players from entering the industry. There are no obstructive licensing requirements that preclude new travel agents from starting a new business and capital requirements are relatively low compared with other industries.
The industry has a medium level of concentration with a few large, dominant players. However, beyond these large players the industry is highly fragmented with a large number of small, independent operators, many of which are owner-operators with no employees. Over the past five years the industry has become increasingly specialized, giving rise to a number of new firms entering the industry to focus on niche segments... purchase to read more