Flying high: Economic growth has supported consumer spending, propelling revenue

The Travel Agencies and Tour Operators industry is expected to move in line with trends in the overall Irish economy. Demand is sensitive to consumers' ability and willingness to spend on travel, owing to its discretionary nature. Consequently, when real wages, employment and consumer confidence fall, industry services are expected to be quickly struck off consumers budgets. Conversely, rising incomes, employment and confidence tend to translate into greater demand for the industry. Over the past five years, the Irish economy has performed exceptionally well, increasing personal consumption expenditure and supporting industry demand. As a result, industry revenue is expected to rise at a compound annual rate of 15.6% over the five years through 2018...read more.

Industry Statistics & Market Size
Revenue
€4.1bn
Annual Growth 13-18
15.6%
Forecast Growth 18-23
Profit
Employment
6,901
Businesses
1,247
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Strong growth in the Irish economy has supported discretionary spending, boosting industry demand
  • Though flight prices have increased, growing wages in Ireland have maintained demand for holidays
  • A potential fall in demand from UK visitors could be mitigated by strong demand from other EU countries
  • Industry Report - Industry Investment Chapter

    The Travel Agencies and Tour Operators industry is service based, with a high level of personal contact necessary for day-to-day operations. However, industry operators also rely heavily on IT systems, which are used in every stage of the main business processes for most firms. Club Travel Ltd, one of the largest firms in the industry, claims that it must invest in disaster recovery and business continuity arrangements to mitigate the risk of IT failure which could halt businesses operations. In 2018, IBISWorld expects the industry to have a capital intensity ratio of 1:7.57, which means that for every €1.00 spent on technology, €7.57 is expected to be spent on wages. Consequently, the industry has a moderate level of capital intensity...purchase to read more.

    Additional Insights for the Travel Agencies and Tour Operators Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Travel Agencies and Tour Operators Industry are

  • Ability to alter goods and services produced in favour of market conditions
  • Ability to pass on cost increases
  • Aggressive marketing/franchising - given the high level of competition
  • IBISWorld analysts also discuss how external factors such as International tourist numbers and Real personal consumption expenditure in the Travel Agencies and Tour Operators industry impact industry performance..

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    What's in this report

    What is the Travel Agencies and Tour Operators in Ireland Industry?

    This industry is composed of agencies that provide booking, reservation and information services to UK residents travelling domestically and internationally. This includes agencies that are solely or partially online or shop-front operators. Operators also arrange, assemble and conduct tours in the Ireland and other countries around the world. Operators mainly generate their income from commissions.

    Industry Products
  • Online booking services
  • Travel agency services
  • Tours and excursions
  • Corporate travel services
  • Industry Activities
  • Providing travel information
  • Making travel arrangements
  • Booking flights and accommodation
  • Selling travel packages
  • Conducting tours
  • Assembling and selling tour packages
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • International tourist numbers
  • Real personal consumption expenditure
  • Gross disposable income of households
  • Real effective exchange rate
  • Total domestic tourism

  • Current Performance
    Ongoing expansionPlane sailingParticipation and profit
  • Chart: Revenue Growth

  • Industry Outlook
    Exchange rate effectsTravel trendsOperating online
  • Table: Travel Agencies and Tour Operators Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Travel Agencies and Tour Operators Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Rail Transport in Ireland
  • Sea & Coastal Passenger Water Transport in Ireland
  • Hotels in Ireland
  • Passenger Air Transport in Ireland

  • Key Selling Industries
  • Banks in Ireland

  • Products & Services
  • Online booking services
  • Tours and excursions
  • Travel agency services
  • Corporate travel services
  • Chart: Travel Agencies and Tour Operators Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • International tourists
  • Corporate clients
  • Domestic tourists
  • Chart: Major Market Segmentation for the Travel Agencies and Tour Operators Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Marketing
  • Rent and utilities
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Travel Agencies and Tour Operators

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Travel Agencies and Tour Operators Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Travel Agencies and Tour Operators Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Travel Agencies and Tour Operators Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Ecotourism
  • A form of tourism involving visiting relatively undisturbed natural areas as opposed to commercial mass tourism, intended to support conservation efforts.
  • Global Distribution System
  • A computerised reservation system used by travel agents to help them with information, bookings, reservations and payments.
  • Voip
  • Voice over Internet Protocol. Technology enabling operators to place calls over the internet as opposed to landline.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Travel Agencies and Tour Operators in Ireland 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.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Travel Agencies and Tour Operators in Ireland:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Travel Agencies and Tour Operators in Ireland market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Travel Agencies and Tour Operators in Ireland, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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