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 Products Chapter
Products and services have been segmented based on the chosen location of purchased tour packages. The majority of revenue is derived from the mainstream business sector, which incorporates a wide range of holiday packages directed at the general consumer market. Many tour operators also focus on specialist packages and activity oriented packages, although this contributes a smaller amount to industry revenue. These operators provide cycling, skiing, sailing, mountain biking and hiking oriented tours, in addition to many other unique travel experiences.
Tours for UK residents to Europe
Package tours to Europe account for the largest proportion of expenditure by UK residents, at an estimated 45.6% of total revenue. Des.. purchase to read more