The decline of the domestic economy and increase in unemployment forced people to become more selective in how they spent their income. As a result, they became less likely to spend money on nonessential travel. As the US economy recovers, however, the industry is expected to return to steady growth. Favorable consumer conditions are expected to bolster the industry as consumers are more likely to use sightseeing transportation services, and companies are more likely to stay profitable in the five years to 2019.
This industry provides scenic and sightseeing transportation on land, air and sea, such as: sightseeing buses and trolleys; steam train excursions and horse-drawn sightseeing rides; helicopter rides and hot air balloon rides; and boats and dinner cruises. The services provided are usually local and involve same-day return to the place of origin. A business in this industry organizes and operates scenic transportation directly for consumers.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.