Cruise & Travel Agency Franchises
The Cruise and Travel Agency Franchises industry has performed well over the five years to 2018 compared with the US economy and the broader Travel Agencies industry. Many travel agencies have struggled due to rising external competition from travel websites, which enable consumers to research locations, compare prices and manage reservations without the assistance of an expert. However, many travel agency franchises have grown due to their specialization in selling cruises and other complex travel packages. The industry will continue to endure significant external threats from travel websites and consumers booking directly through suppliers, as well as from a range of independent travel agents and other member agencies. However, the popularity of cruises among Americans will continue to benefit the industry.
This industry includes franchised travel agent establishments that sell travel, tour and accommodation services and packages. Online sales are excluded from this industry. Reports in the IBISWorld Business Franchise collection focus solely on franchised outlet operations and exclude nonfranchise data. These reports show the total number of franchise outlets, total franchise revenue, the average profit margin earned by franchisees and the largest franchisers by market share.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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