Industry Analysis & Industry Trends
The Tour Operators industry includes firms that arrange, assemble and conduct tours both domestically and internationally. Tours may incorporate transportation, accommodation, food and visits to select locations or special events. The industry has faced both operational and economic challenges over the five years through 2014-15. Industry revenue fell substantially in the first half of the past five years as economic adversity introduced financial insecurity that hampered demand for holidaymaking. Economic uncertainty meant fewer UK residents booking tours overseas, while the number of foreign tourists booking UK tours also fell. A... 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 services many tour operators must provide poses a significant barrier to establishing a tour operator business. 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.
Initial investment costs can vary from very little in some instances to millions of pounds in others. If the intended tours involve boats, aeroplanes or other expensive provisions, the costs can rapidly mount. The industry is subject to a number of regulations that a new company must abide by to provide package holidays... purchase to read more