Industry Analysis & Industry Trends
The Tour Operators industry includes enterprises that arrange, assemble and conduct tours both domestically and internationally. Tours may incorporate transportation, accommodation, food and visits to events or locations. The industry has faced both structural and economic challenges over the five years through 2013-14. As a result, industry revenue has fallen substantially. With significant economic uncertainty, fewer UK residents booked tours overseas, while the number of foreign tourists booking UK tours also fell. A combination of weak household disposable income growth and plummeting consumer confidence led to fewer trips being made abroad and a switch to cheaper destinations... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Tour Operators industry comprises about 1,753 different enterprises, which vary from sole operators in niche locations or markets to larger companies with broader product offerings. According to figures from the ONS, 80.3% of enterprises classified in this industry employ fewer than 10 people, whereas only 2% employ more than 100 people. This indicates the large share of the industry accounted for by small operators.
Concentration in the Tour Operators industry is quite low, partly because firms are scattered across the United Kingdom and partly because their tours cater to such a range of customers... purchase to read more