Despite growing competition from online-based travel companies, tour operators are recovery-bound. Improved disposable income levels and a strengthening global economy will encourage more US residents to travel domestically and internationally. Developing markets will further provide tour operators new avenues for growth. To increase their competitiveness, operators will also try to incorporate more exotic destinations and unique experiences into their travel packages.
Businesses in this industry plan, package, market and sell multiple vacation elements, including air or surface transportation arrangements and accommodations. Package tours are generally sold to the public through travel agents, and tour or wholesale operators are included in this industry. Suppliers that primarily provide accommodations, such as owners or operators of hotels, resorts and cruise lines, are not included in this industry.
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.