Travel Agencies in the US - Industry Market Research Report

Travel Agencies in the US - Industry Market Research Report


Travel Agencies in the US

Travel agencies contended with significant contractions in profit and sales over the five years to 2023 when COVID-19 halted domestic and international travel. Still, the pandemic precipitated a trend of revenge tourism once health and safety restrictions were eased, which has been a boon to travel agents. As various international borders reopened in 2022, international trips made by US residents grew by more than 100.0%. A strong recovery in travel has caused industry revenue to increase at an estimated CAGR of 4.0% to $76.1 billion over the past five years, including a 6.9% increase in 2023 alone.

This industry includes businesses that sell, book and arrange travel, tour and accommodation services for the general public and commercial clients. The industry also encompasses companies primarily engaged in providing travel arrangement and reservation services, including online-only booking systems.

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.


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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