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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 | Nov 2014

All aboard: Online booking increases will drive industry growth in the years ahead

IBISWorld’s Travel Agencies market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 - 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

 


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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