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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 | Oct 2014

A step forward: Operators travel in the right direction with help from economic acceleration

IBISWorld’s Tour Operators market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 10-15
-2.7%
Annual Growth 15-20
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Profit
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Employment
20,208
Businesses
1,745
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 - Industry SWOT Analysis Chapter

The Tour Operators industry is in the decline stage of its life cycle. This is evident in relatively flat enterprise growth and falling industry contribution to the wider economy. Over the 10 years through 2019-20, industry value added, which measures industry GDP contribution, is forecast to grow at a meagre compound annual rate of 0.2%. This is substantially lower than expansion expected of the overall economy over the same period and indicates falling economic contribution. GDP is forecast to rise at a compound annual rate of 2.1% in the decade through 2019-20.

The industry suffered as a result of adverse economic conditions that squeezed discretionary spending. It has also battled with the growth threat of available substitutes... 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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