Tour Operators in the US - Industry Research Report

Extra baggage: Niche operators will enter the market to satisfy growing demand

Tour operators encountered growth over most of the five years to 2023 and immense volatility in recent years. The industry is highly susceptible to geopolitical and global health events, which can dampen demand for tour packages in specific countries or regions. The pandemic led to mandatory government lockdowns and travel restrictions to curb the spread of the virus. This resulted in consumer confidence declining severely and inbound trips by non-US residents and domestic trips by US residents to plunge, causing revenue to plummet.

Businesses in this industry are engaged primarily in assembling and arranging tour packages. This industry also includes travel and wholesale tour operators, which means industry operators may include travel and accommodations within the package of their provided tours. However, businesses that primarily provide accommodations are not included in the industry and travel agencies that sell tour packages, but do not provide the actual tours themselves are not included in this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.