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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.
| 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 | ||
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 (%) | |||||
Industry Insights
Major trends affect the Travel Arrangement and Reservation Services industry include:- Increased use of mobile booking platforms
- Greater emphasis on sustainable and eco-friendly travel options
- Personalization through AI and data analytics
- Rise in experiential and adventure travel
- Growth of the sharing economy impacting traditional bookings
- Expansion of virtual and augmented reality offerings
- Heightened demand for health and safety measures
- Rising popularity of customized and off-the-beaten-path tours
- Incorporation of blockchain technology for secure transactions
- Enhanced focus on wellness tourism
- Shift towards local and domestic travel
- Increasing reliance on online reviews and social media influence
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 Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Trip Planning Services |
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Arranging, Assembling, And Marketing Pre-Packaged Tours |
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Arranging, Assembling, And Marketing Pre-Packaged Tours - International Travel |
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Arranging, Assembling, And Marketing Pre-Packaged Tours - Domestic Travel |
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Assembling, Organizing, And Reserving Customized Group Tour Packages |
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Assembling, Organizing, And Reserving Customized Group Tour Packages - International Travel |
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Assembling, Organizing, And Reserving Customized Group Tour Packages - Domestic Travel |
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Convention Planning And Assistance Services |
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Visitor Information And Sightseeing Tour Services |
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Convention Support Services |
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Automobile Club Services |
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Condominium Time-Share Exchange Services |
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Travel Insurance Services |
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Other Travel Related Services |
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Commissions And Fees For Reservation And Travel Services |
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Airline Seats - International Travel |
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Airline Seats - Domestic Travel |
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Rail Seats |
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Vehicle Rental |
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Cruises - More Than One Day |
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Lodging - Domestic |
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Lodging - International |
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Packaged Tours - Domestic |
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Packaged Tours - International |
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Event Tickets |
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Computerized Reservation System Services |
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Other Reservation Services |
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All Other Receipts |
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All Other Operating Receipts |
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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.
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 Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| 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 | ||
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 Ratios | Industry 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. |
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| 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). |
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| 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. |
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| Liquidity Ratios | Industry 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. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry 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. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| 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. |
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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.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 11% | Order at top of page |
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| Top Executives | 5% | |||
| Chief Executives | 0% | |||
| General and Operations Managers | 5% | |||
| General and Operations Managers | 5% | |||
| 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% | |||
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:
Innovation News
- Apr 25, 2024: Expedia patents Tesselation-based Proximity System
- Apr 25, 2024: Expedia patents Tesselation-based Proximity System
- Apr 25, 2024: Gray Consulting patents A Privacy Enabled System And Method For Managing Logistics For Clinical Study Participants
- Jan 19, 2024: Amawaterways trademarks "LET'S GO SELL SOME RIVER CRUISES!" - River cruises
- Jan 09, 2024: Mondee Holdings trademarks "ABHIVERSE" - Providing online nondownloadable software for searching and locating rates for transportation, lodging, and travel packages, for creating travel itineraries, and for making travel reservations and booking transportation, lodging, and travel packages; providing temporary use of online non-downloadable chatbot software for locating, booking and modifying transportation, lodging and travel offerings and providing general information in the field of travel
- Dec 26, 2023: Expedia trademarks "" - Providing entertainment information and making and arranging for ticket reservations and bookings for shows and other entertainment events, museum tickets, city bus tours, and other attractions and activities in connection with customer loyalty and incentive rewards programs
- Nov 17, 2023: Virdee raises $12 million in funding.
- Jan 20, 2023: ExperienceNow raises $1 million in funding.
- Dec 09, 2022: ExperienceNow raises $1 million in funding.
Recent Federal Contracts for Travel Arrangement and Reservation Services
- Apr 02, 2024: BLUEWATER MANAGEMENT GROUP, LLC (Chesapeake, VA) awarded $320,742
- Apr 02, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $100,000
- Apr 01, 2024: CORPORATE LODGING CONSULTANTS INCORPORATED (Wichita, KS) awarded $56,584,812
- Apr 01, 2024: CSI AVIATION INC (Killeen, TX) awarded $33,965
- Mar 28, 2024: WILLIAMS ADLEY & CO DC LLP (Washington, DC) awarded $500,000
- Mar 28, 2024: CONGRESS TRAVEL (Podgorica, ) awarded $13,077
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