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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 | Jun 2014

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

The Travel Agencies market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$34bn
Annual Growth 09-14
1.2%
Annual Growth 14-19
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Profit
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Employment
209,244
Businesses
11,992
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 two main segments of the Travel Agencies industry are in distinctively different stages of their life cycles. Travel websites are in the growth stage of their life cycle, as consumers flock to the internet to make travel bookings directly. Meanwhile, traditional brick-and-mortar travel agents have reached maturity and face increasing threats from travel websites and vendors that take online bookings directly. Overall, the industry is mature. Industry value added, which measures the industry's contribution to the overall economy, is expected to remain flat, exhibiting growth of 1.2% per year on average over the ten years to 2019. This compares with a GDP growth rate of 2.7% per year on average over the same period... 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
Travel tickets and reservationsTour and reservationsAccommodation and reservations


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