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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 | Apr 2015

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

IBISWorld’s Travel Agencies market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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
188,323
Businesses
10,575
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 Key Buyers Chapter

IBISWorld estimates that in 2015, the industry's top four players will account for over 17.2% of the available market, giving this industry a low level of concentration. There are a number of large firms in the industry that control significant market share and earn billions in revenue annually, namely the big online reservation systems, Expedia and priceline.com. However, small, independent and privately owned companies serving niche markets comprise the majority of players. Market share concentration has increased over the past five years as industry consolidation has intensified, especially with the growing online booking engines segment. Smaller players have banded together to use their combined knowledge to better serve new and existing clients... 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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