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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 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

 


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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