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Travel Agency and Tour Arrangement Services in New Zealand - Industry Market Research Report

Publisher IBISWorld
Published Sep 03, 2024
Length 72 Pages
SKU # IBSS19343081

Description

Travel Agency and Tour Arrangement Services in New Zealand - Industry Market Research Report


Travel Agency and Tour Arrangement Services in New Zealand

The Travel Agency and Tour Arrangement Services industry comprises many different players along the travel supply chain. Travel consolidators, shopfront travel agencies, online travel agencies, travel management companies and inbound tour operators (ITOs) all sell travel packages to consumers, businesses and government departments. Travel consolidators act as wholesalers, selling travel products to retail travel agencies. Online and shopfront travel agencies sell leisure travel products to consumers, which typically include transport, accommodation and other services. ITOs package New Zealand tour products to onsell to overseas travel agencies. Recently, tourist activity in New Zealand was slashed by the COVID-19 pandemic, leading to a revenue crash. Restrictions imposed by the Central Government (Te Kawanatanga o Aotearoa) dismantled demand for travel packages across the board, as inbound and outbound travel was essentially halted by the closure of New Zealand's international border. Overall, the industry has slumped by 10.5% to $658.3 million over the five years to 2022-23. However, this decline includes a recovery-leading upturn of 63.1% in 2022-23, as the international border reopened and demand from both domestic and international tourists continues to return

Industry players primarily assist individual customers and businesses with booking travel, which typically includes accommodation, transport and tour services. The industry also includes tour wholesalers and operators, and both online and bricks-and-mortar travel agencies.

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."

Table of Contents

72 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

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