Overview

Such great sights: As travel spending returns, demand for sightseeing tours will rise

IBISWorld’s industry research report on Sightseeing Transportation can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$4bn
Annual Growth
12-17
3.5%
Annual Growth
17-22
Profit
Employment
33,013
Business
8,552

Industry Threats & Opportunities

  • Increased disposable income will boost demand for sightseeing transportation
  • A strong online presence and positive internet reviews are key factors for operators
  • Travel spending is projected to increase over the next five years as the economy improves

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    Industry Analysis & Industry Trends

    The Sightseeing Transportation industry has improved over the past five years, spurred by rising demand following recessionary lows. Improving employment conditions have boosted consumer incomes and precipitated an increase in demand for recreational activities such as sightseeing tours. Consequently, industry revenue is estimated to grow over the five years to 2016. Over the five years to 2021, the industry is forecast to experience continued growth, with industry operators responding favorably and more looking to enter the market to partake in the rising demand. Despite rising total industry revenue, some industry segments are expected to experience more growth than others.


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    Industry Report - Starting a New Business Chapter

    The Sightseeing Transportation industry is characterized by moderate barriers to entry. The industry's most prohibitive barriers are the high costs of purchasing, operating and maintaining vehicles such as boats, buses, trains, helicopters and airplanes. However, start-up costs can vary depending on the type of transportation a company employs. For example, capital inputs for a company planning to conduct sightseeing tours by rickshaw would be much lower than the inputs for a company that uses buses, boats or airplanes.

    Additionally, an establishment must be located near sightseeing-worthy attractions. In some cases, operating licenses may be prohibitively expensive for areas that are highly populated, historic or highly commercialized. The..

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    Additional Insights for the Sightseeing Transportation Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Sightseeing Transportation Industry are

  • Proximity to key markets
  • Ability to pass on cost increases
  • Having a good reputation
  • IBISWorld analysts also discuss how external factors such as Domestic trips by US residents and Total recreation expenditure in the Sightseeing Transportation industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Sightseeing Transportation Industry?

    Operators in this industry provide ground, nautical and aerial sightseeing transportation for everyday consumers. Examples of services include: sightseeing buses and trolleys; steam train excursions; horse-drawn sightseeing rides; helicopter rides; hot air balloon rides and boat and dinner cruises. The services provided are usually local and involve same-day return to the place of origin.

    Industry Products
    Aerial services
    Nautical services - excluding Cruises
    Cruises
    Ground services
    Industry Activities
    Charter fishing boat operation
    Dinner cruises
    Sightseeing boat operation
    Whale-watching excursions
    Buses, scenic and sightseeing operation
    Cable car, land, scenic and sightseeing operation
    Carriage, horse-drawn operation
    Rail transportation, scenic and sightseeing operation
    Trolley, scenic and sightseeing operation
    Helicopter, scenic and sightseeing operation

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Domestic trips by US residents
  • Total recreation expenditure
  • Inbound trips by non-US residents
  • Per capita disposable income
  • Time spent on leisure and sports

  • Current Performance
  • Rising demand from tourists
  • Technology increases revenue and profit
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Improving consumer conditions
  • Online reviews and rising wages
  • Noise complaints threaten aerial operators
  • Table: Sightseeing Transportation Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Sightseeing Transportation Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Tour Operators
  • Convention & Visitor Bureaus
  • Hotels & Motels
  • Tourism

  • Key Selling Industries
  • Automobile Wholesaling
  • Boat Building
  • Gasoline & Petroleum Wholesaling
  • Navigational Instrument Manufacturing
  • Train, Subway & Transit Car Manufacturing

  • Products & Services
  • Nautical services - excluding Cruises
  • Ground services
  • Cruises
  • Aerial services
  • Other
  • Chart: Sightseeing Transportation Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 40 to 59
  • Consumers aged 25 to 39
  • Consumers aged 60 and older
  • Consumers aged 24 and under
  • Chart: Major Market Segmentation for the Sightseeing Transportation Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesRent and utilitiesDepreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Sightseeing Transportation

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Sightseeing Transportation Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Sightseeing Transportation Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Sightseeing Transportation Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Total recreation expenditure (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Global Positioning System (Gps)
  • A device using satellites to determine the precise location of a vessel, vehicle or object.
  • Hop-On, Hop-Off Bus Tour
  • A type of bus tour where tourists can use their ticket to get on or off any tour bus at any of the stops along the buses' routes.
  • Trolley
  • A wheeled vehicle that runs on rails and is propelled by electricity. Trolleys can also be buses that are designed to look like trolleys.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Sightseeing Transportation:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Sightseeing Transportation market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Sightseeing Transportation, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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