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.
Industry revenue fell in the first few years of the five-year period through 2015-16, as households continued to reign in holiday expenditure following the downturn. 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 Key Buyers Chapter
The Tour Operators industry is comprised of an estimated 1,865 different enterprises, which vary from sole operators in niche locations or markets to larger companies with broader product offerings. According to figures from the ONS, 78.7% of establishments classified in the industry employed fewer than 10 people in 2014. This demonstrates the large share of the industry accounted for by small operators. Following the troubles of the economic downturn, consumers have developed lower brand loyalty, which means they are now more likely to shop around for the best deal on a relatively cheap holiday. This is expected to have stimulated competition in the industry. In addition, the staycation phenomenon has acted to maintain competition in the short break market... purchase to read more