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Tour Operators in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Tour Operators Market Research Report | SIC N79.120 | Mar 2014

Feeling adventurous: Operators targeting niche markets are likely to fare best over the coming years

IBISWorld’s Tour Operators market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Thomas Cook Group plc Thomas Cook Group plc market share
TUI Travel plc TUI Travel plc  market share
Virgin Holidays Limited Virgin Holidays Limited market share
Industry Statistics & Market Size
Revenue
£10bn
Annual Growth 09-14
-2.9%
Annual Growth 14-19
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Profit
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Employment
23,176
Businesses
1,753
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 Analysis Chapter

Overall, UK tour operators have faced a tough five years because global economic pressures and increased employment uncertainty contributed to greater volatility. Using the internet has allowed more adventurous customers to assemble their own tour packages independently of mainstream operators, while the financial crisis that engulfed the developed world removed a substantial amount of organic growth.

Industry revenue is estimated to fall at a compound annual rate of 2.9% over the five years through 2013-14, reaching £9.7 billion. This weak performance is largely due to significant contractions in revenue during 2010-11 and 2011-12, when revenue fell by 10.6% and 12.5% respectively... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Tour Operators Industry?

Operators in the industry arrange, assemble and conduct tours in the United Kingdom and in other countries around the world. These tours can be sold directly by the operators or via travel agencies. Tours may include a combination of transportation, accommodation, food and visits to events or locations.

Industry Products
Tours for UK residents to the rest of the worldTours for UK residents to EuropeDomestic tours for overseas visitorsDomestic tours for UK residents
 
Industry Activities
Taking bookingsDevising and assembling tour packagesConducting toursProviding other customer services


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