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 - 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 pose 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 equipment, the costs can rapidly accumulate. The industry is subject to a number of regulations that a new company must abide by to provide package holidays... purchase to read more