The Tour Operators industry has grown over the past five years, benefiting from improved disposable income levels and a strengthening global economy. As unemployment steadily declined and consumer spending grew, both domestic and international trips taken by US residents increased, driving demand for tour packages assembled by industry operators. Additionally, inbound trips made by foreigners also grew strongly. Over the next five years, both domestic and outbound travel by US residents and inbound trips by foreigners are expected to continue increasing, boosting demand for tour packages. To satisfy growing demand for luxury tour packages and appeal to consumers with other specialized interests, a number of niche operators are expected to enter the market.
Businesses in this industry are engaged primarily in assembling and arranging tour packages. This industry also includes travel and wholesale tour operators, which means industry operators may include travel and accommodations within the package of their provided tours. However, businesses that primarily provide accommodations are not included in the industry and travel agencies that sell tour packages, but do not provide the actual tours themselves are not included in this industry.
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.