Tour Industry Report (1)

Tour Industry Report (1) - WWW.IBISWORLD.COM November 2010...

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IBISWorld Industry Report 56152 Tour Operators in the US November±2010± Nima±Samadi Bon voyage: Despite competition, rebounding travel rates keep the industry recovery-bound About±this±Industry 2 Industry Definition 2 Main Activities 2 Similar Industries 2 Additional Resources Industry±at±a±Glance Industry±Performance 4 Executive Summary 4 Key External Drivers 5 Current Performance 7 Industry Outlook 9 Industry Life Cycle 11± Products±&±Markets 11 Supply Chain 11 Products & Services 12 Demand Determinants 13 Major Markets 14 International Trade 15 Business Locations 18± Competitive±Landscape 18 Market Share Concentration 18 Key Success Factors 19 Cost Structure Benchmarks 20 Basis of Competition 21 Barriers to Entry 22 Industry Globalization 23± Major±Companies 23 Flight Centre Ltd. 24 The Mark Travel Corporation 27± Operating±Conditions 27 Capital Intensity 28 Technology & Systems 29 Revenue Volatility 29 Regulation & Policy 30 Industry Assistance 32± Key±Statistics 32 Industry Data 32 Annual Change 32 Key Ratios 33± Jargon±&±Glossary www.ibisworld.com ±±|±± 1-800-330-3772 ±±|±± info @ ibisworld.com
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WWW.IBISWORLD.COM± Tour±Operators±in±the±US November 2010 2 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, but tour and wholesale operators are included in the industry. Suppliers that primarily provide accommodation, such as owners or operators of hotels, resorts and cruise lines, are excluded from the industry. The±primary±activities±of±this±industry±are Tour operators (i.e., arranging and assembling tours) Travel tour operators Wholesale tour operators 56151 Travel±Agencies±in±the±US Travel agencies plan trips, book travel arrangements and sell tour packages as well as a la carte travel options that compete with tour operators. Industry±Definition Main±Activities± Similar±Industries Additional±Resources About±this±Industry For±additional±information±on±this±industry www.astanet.com± American Society of Travel Agents www.tia.org± Travel Industry Association of America www.census.gov± US Census Bureau The±major±products±and±services±in±this±industry±are Arranging, assembling and marketing package tours (domestic) Arranging, assembling and marketing package tours (international) Commissions and fees from the sale of transport or accommodations Other Reselling tours acquired from other tour operators ± IBISWorld writes over 700 US industry reports that are updated up to four times a year. To see all reports, go to www.ibisworld.com
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WWW.IBISWORLD.COM± Tour±Operators±in±the±US November 2010 3 % change 4 -1 0 1 2 3 15 03 05 07 09 11 13 Year Consumer spending SOURCE: WWW.IBISWORLD.COM % change 10 -15 -10 -5 0 5 16 02 04 06 08 10 12 14 Year Revenue Employment Revenue vs. employment growth Products and services segmentation (2010) 47% Arranging, assembling and marketing package tours (international) 34%
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