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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 | Dec 2013

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
Industry Statistics & Market Size
Revenue
$33bn
Annual Growth 08-13
-0.8%
Annual Growth 13-18
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Profit
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Employment
203,872
Businesses
11,763
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 Analysis Chapter

IBISWorld estimates that the Travel Agencies industry's revenue will decline at an average of 0.8% per year to $33.1 billion over the five years to 2013. In the early half of the five-year period, travel agencies had to contend with a drop in travel spending due to the recession. Nevertheless, online travel agencies weathered the storm better than their more traditional brick-and-mortar competitors, with some experiencing growth in revenue and profit margins in 2009. Overall, industry revenue declined 8.7% in 2009, and a further 1.3% in 2010. This downward trend has reversed since 2011, with revenue growing as travel spending has increased. Revenue is forecast to grow an additional 2.5% in 2013... 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 airline travel reservationsDomestic airline travel reservationsCruise reservationsTours and packaged reservationsLodging reservationsVehicle rental reservations
 
Industry Activities
Travel tickets and reservationsTour and reservationsAccommodation and reservations


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