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