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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 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
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 Products Chapter

Traditionally, travel agents earned revenue through vendor commissions, mainly from airlines, as tickets were expensive, in demand and could only be ticketed by agents or the airlines. Travel agents also made commissions from hotel, cruise, car rental and packaged tour sales. However, this model changed dramatically in the mid-1990s, when airlines capped and then eliminated commissions paid to agents. This lack of vendor commissions severely disrupted the industry, and many agents were forced to close their doors. Today, travel agents make a greater proportion of their revenue through service fees charged to clients, rather than vendor commissions... 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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