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. Niche tour operators may specialise in certain destinations, activities or experiences.
Industry revenue fell substantially during the first half of the past five years, as a result of recessionary contraction. Tightened disposable income, a weakened pound and a lack of consumer confidence all hampered demand for holidaying. Although an increase in stay-at-home holidays cushioned the blow, tour operators were significantly hindered by a sharp fall in the number of UK residents booking tours overseas and the number of foreign tourists booking UK tours... purchase to read more
Industry Report - Industry Products Chapter
Products and services have been segmented based on the chosen location of purchased tour packages. The majority of revenue is derived from the mainstream business sector, which incorporates a wide range of holiday packages directed at the general consumer market. Many tour operators also focus on specialist packages and activity oriented packages, although this contributes a smaller amount to industry revenue. These operators provide cycling, skiing, sailing, mountain biking and hiking oriented tours, in addition to many other unique travel experiences.
Tours for UK residents to Europe
Package tours to Europe account for the largest proportion of expenditure by UK residents, at an estimated 45.6% of total revenue... purchase to read more