Travel Agencies & Services

First Research, Inc.
October 13, 2014
10 Pages - SKU: FRRS5351840
Countries covered: United States

Travel Agencies & Services

Brief Excerpt from Industry Overview Chapter:

Companies in this industry arrange travel and traveler accommodations and include travel agents, tour operators, and other travel services like time-share exchanges, visitors bureaus, and ticket offices. Major companies include Expedia, Priceline, and Sabre Holdings (all based in the US), as well as Kuoni Travel (Switzerland), Thomas Cook (UK), and TUI Travel (Germany).

Annual revenue from worldwide tourism, which includes travel agency services, is about $1.2 trillion, according to the World Tourism Organization. Travel agency services are prevalent in the countries that spend the most on tourism; tourist receipts, which includes travel arrangements and reservation services, are highest in the US, Spain, France, China, and Italy.

The US travel services industry includes about 17,000 companies with combined annual revenue of about $40 billion.


Demand is driven by business and leisure travel, which depends on the economy. The profitability of individual companies depends on marketing. Large companies have an advantage in being able to provide a wider range of services, especially to corporate customers, and to afford sophisticated websites. Small companies can compete effectively by providing service to a few large customers, specializing in a service niche, or serving a local market. The industry is concentrated: the 50 largest companies account for about 60 percent of revenue.

Two major factors have shaped the industry in recent years: sophisticated pricing schemes developed by the airlines to maximize profitability, and the emergence of the Internet as a widely available information and...

More United States Travel Agents reports

Travel Booking - US - August 2014 by Mintel International Group Ltd.
“The market for travel booking in the US is growing due to a relatively stable and improving economy that, in turn, boosts both businesses ...
Market Update : United States Travel Intermediaries by Timetric
United States Travel Intermediaries: Market UpdateSynopsisThe report presents detailed data on market growth dynamics for the travel intermediaries market in United States. It also provides ...
Travel Agencies - Industry Market Research Report - in the US by IBISWorld
Travel Agencies in the USAs the economy moves into recovery and traveling trends pick up, demand will increase and fuel growth for the Travel Agencies ...
2014 Value of Travel Agents Study by ASTA
2014 Value of Travel Agents Study The Value of Travel Agents study surveyed U.S. leisure and business travelers on their travel agent usage and satisfaction ...
See all reports like this >>

More United States reports

The 2013-2018 Outlook for Collagen and (hyaluronic Acid) HA-Based Biomaterials in the United States by Icon Group International, Inc.
The 2013-2018 Outlook for Collagen and (hyaluronic Acid) HA-Based Biomaterials in the United StatesThis econometric study covers the latent demand outlook for collagen and (hyaluronic ...
The 2013-2018 Outlook for Relish in the United States by Icon Group International, Inc.
This econometric study covers the latent demand outlook for relish across the states and cities of the United States. Latent demand (in millions of U.S. ...
See all reports like this >>



    Online Download  USD 129  
US: 800.298.5699
Int'l: +1.240.747.3093

Share this report

    Other tasks

    Join Alert Me now!
    Receive bi-weekly email alerts on new market research

    Sign up today!