Industry Analysis & Industry Trends
The Tour Operators industry includes operators that arrange, assemble and conduct tours both domestically and internationally. Tours may incorporate transportation, accommodation, food and visits to select locations or special events. Niche tour operators may specialise in certain destinations, activities or experiences.
Revenue fell at the start of the five-year period, as households continued to rein in holiday expenditure following the downturn. Although an increase in stay-at-home holidays cushioned the blow, a sharp fall in the number of UK residents booking tours overseas and a concurrent drop in the number of foreign tourists booking UK tours significantly hindered the performance of tour operators. Natural disasters and political unrest further damaged outbound tourism... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry in the UK Tour Operators industry are considered to be moderate. The scale and breadth of the services many tour operators must provide poses a significant barrier to establishing a tour operator business. The requirements for the average British holidaymaker have evolved over recent years and package holidays now incorporate many different aspects of a holiday. Operators have had to make their programmes more flexible and adapt to a much more sophisticated clientele. Recruiting experienced staff with thorough knowledge of specific tour itineraries can be challenging. The level of competition in this industry is high, as many other providers already service major routes and destinations... purchase to read more