research
AnythingResearch
Industry Data & Market Research
AnythingResearch

2024 U.S. Industry Statistics & Market Forecast - Travel Arrangement and Reservation Services


Market Size & Industry Statistics

The total U.S. industry market size for Travel Arrangement and Reservation Services: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


Order at top of page
Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.





Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Travel Arrangement and Reservation Services industry is constantly evolving, and several key trends are driving this transformation. One significant trend is the shift from traditional brick-and-mortar travel agencies to online booking platforms. With the rise of digitalization, consumers can book flights, hotels, and tours through online travel agencies, making it easier and convenient for them to plan their trips.

Another trend is increased personalization in travel itineraries. Travel companies are utilizing customer data to offer tailored travel experiences that cater to individual preferences and interests. This includes curated sightseeing tours, customized accommodation recommendations, and personalized activity suggestions.

Sustainability is another trend that has gained momentum in the travel industry. Consumers are becoming more environmentally conscious, and they expect travel companies to follow suit. For instance, airlines are increasingly adopting eco-friendly practices, such as using sustainable aviation fuel and reducing plastic waste.

Finally, the COVID-19 pandemic has significantly impacted the industry, leading to a greater emphasis on health and safety measures. This includes enhanced cleaning protocols in hotels and airlines, the adoption of touch-less check-ins and payments, and the use of digital health passports for international travel.

Overall, the Travel Arrangement and Reservation Services industry is responding to changing consumer preferences and adopting technologies that make travel easier, more personalized, and sustainable. Companies that successfully adapt to these trends are well-positioned to thrive in the future.



Product & Services Breakdown

Research products and services in the Travel Arrangement and Reservation Services industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Trip Planning Services

Arranging, Assembling, And Marketing Pre-Packaged Tours

Arranging, Assembling, And Marketing Pre-Packaged Tours - International Travel

Arranging, Assembling, And Marketing Pre-Packaged Tours - Domestic Travel

Assembling, Organizing, And Reserving Customized Group Tour Packages

Assembling, Organizing, And Reserving Customized Group Tour Packages - International Travel

Assembling, Organizing, And Reserving Customized Group Tour Packages - Domestic Travel

Convention Planning And Assistance Services

Visitor Information And Sightseeing Tour Services

Convention Support Services

Automobile Club Services

Condominium Time-Share Exchange Services

Travel Insurance Services

Other Travel Related Services

Commissions And Fees For Reservation And Travel Services

Airline Seats - International Travel

Airline Seats - Domestic Travel

Rail Seats

Vehicle Rental

Cruises - More Than One Day

Lodging - Domestic

Lodging - International

Packaged Tours - Domestic

Packaged Tours - International

Event Tickets

Computerized Reservation System Services

Other Reservation Services

All Other Receipts

All Other Operating Receipts



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

Order at top of page
Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Travel Arrangement and Reservation Services company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Travel Arrangement and Reservation Services industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Travel Arrangement and Reservation Services measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 11%

Order at top of page
Top Executives 5%
Chief Executives0%
General and Operations Managers 5%
General and Operations Managers5%
Business and Financial Operations Occupations 9%
Business Operations Specialists 7%
Computer and Mathematical Occupations 5%
Personal Care and Service Occupations 6%
Sales and Related Occupations 33%
Sales Representatives, Services 29%
Travel Agents 24%
Travel Agents 24%
Office and Administrative Support Occupations 29%
Information and Record Clerks 19%
Customer Service Representatives 8%
Customer Service Representatives 8%
Reservation and Transportation Ticket Agents and Travel Clerks 10%
Reservation and Transportation Ticket Agents and Travel Clerks 10%
Source: Bureau of Labor Statistics


Travel Arrangement and Reservation Services Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Travel Arrangement and Reservation Services industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Travel Arrangement and Reservation Services industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Travel Arrangement and Reservation Services industry.
Source:
IncFact




Innovation News



Recent Federal Contracts for Travel Arrangement and Reservation Services

  • Feb 27, 2024: C W WORLDWIDE MEETINGS, INC. (Clifton Park, NY) awarded $414,827
  • Feb 27, 2024: DULUTH TRAVEL, INC (Duluth, GA) awarded $1,078
  • Feb 26, 2024: CORPORATE LODGING CONSULTANTS INCORPORATED (Wichita, KS) awarded $56,584,812
  • Feb 26, 2024: INTERNATIONAL-BUSINESS CENTER TOV (Kiev, ) awarded $177,628
  • Feb 26, 2024: UZ TURIZM-OTELCILIK INSAAT TAAHHUT BILISIM HAYVANCILIK VE TEKSTIL TICARET LIMITED SIRKETI (Erzurum, ) awarded $12,455
  • Feb 23, 2024: BLUEWATER MANAGEMENT GROUP, LLC (Chesapeake, VA) awarded $320,742




Related Reports

Can't find what you're looking for? We have over a thousand market research reports. Ask us and an analyst will help you find what you need.

Industries Related to Travel Arrangement and Reservation Services