Travel Agencies & Services Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 10/5/2015
SIC Codes: 4724, 4725, 4729, 7389
NAICS Codes: 5615
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
View Full Sample Add To Cart

Excerpt from Travel Agencies & Services Industry Profile

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 Carlson Wagonlit, Expedia, Priceline, and Sabre Holdings (all based in the US), as well as BCD Travel (the Netherlands), 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, China, France, and Italy.

The US travel services industry includes about 23,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $45 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% of revenue.

Two major factors have shaped the industry in recent years: sophisticated ...

View Full Sample Add To Cart Return to the Industry Profile Menu

Related Profiles

Here are a few profiles related to Travel Agencies & Services that you also might be interested in viewing:

Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

Learn More About Subscription Options