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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 | Feb 2017

Slight turbulence: Revenue is expected to fall in the current year due economic uncertainty

IBISWorld’s Tour Operators market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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
£12bn
Annual Growth 12-17
1.6%
Annual Growth 17-22
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Profit
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Employment
23,422
Businesses
1,885
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.

Revenue fell prior to the five-year period through 2016-17, as households continued to rein in holiday expenditure following the downturn. However, the industry has rebounded over the past five  years, benefiting from the economic recovery and an increase in spending on tourism. This is expected to result in the industry growing at a compound annual rate of 1.6% over the five years through 2016-17... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Tour Operators industry is in the mature stage of its life cycle. Over the 10 years through 2021-22, industry value added, which measures the industry's contribution to GDP, is forecast to grow at a compound annual rate of 1.4%. GDP is forecast to rise at a compound annual rate of 2.3% in the decade through 2021-22. A strengthened consumer backdrop and a strong pound over much of the past five years has spurred demand for holiday packages, leading to rising revenue. Revenue growth over the next five years is expected to attract a number of smaller enterprises to the industry, whilst the larger operators are expected to undertake merger and acquisition activity.

Despite strong recent conditions, the industry has had to face the growing threat of available substitutes. Hei.. 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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