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US
Travel Service Industry Revenues to
Climb
4.9% Annually Through 2020
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Cleveland,
OH – December 2016 / Newsmaker Alert / US travel service industry
revenues are forecast to climb 4.9% annually through 2020. Travel service
providers will benefit from higher volumes of leisure travel, supported
by rising disposable personal income levels both in the US and abroad.
Increasing demand from business travelers, underpinned by the expanding
number of companies operating over geographically dispersed areas, will
further support gains. Even so, the increasing ease with which travelers
can book transport or accommodations directly with the providers of such
services will restrain faster advances.
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These
findings are featured in Travel Services: United States, a
report recently released by Freedonia Focus Reports, a division of
The Freedonia Group.
The report forecasts US
travel service revenues in US dollars to 2020. Total revenue is segmented
by source in terms of:
-
lodging commissions
-
event ticket commissions
-
airline seat commissions
-
cruise commissions
-
other commissions such as those
from booking tours, other forms of transport, and use of electronic reservation
systems
-
tours
-
trip planning
-
other travel services such as
automobile club fees, travel insurance, and provision of traveler’s checks
-
other sources such as advertising
and sale of products.
For the purpose of the report,
commissions refer to remittances made by other travel companies (eg, airlines,
hotels, tour operators), such as those made for the referral of customers.
Fees paid directly to the travel service provider by the customer for arranging
services (eg, accommodations, entertainment, transport) are included in
trip planning revenue. US travel service revenues include income from all
domestic locations primarily engaged in providing travel services. The
revenues of both employer and nonemployer firms are included.
Total revenue is also
segmented by market in terms of:
To illustrate historical trends,
total revenue and the various segments are provided in annual series from
2005 to 2015.
Please link any media or
news references to our reports or data back to www.freedoniagroup.com.
About Freedonia Focus
Reports
Each month, The Freedonia
Group – a division of MarketResearch.com – publishes over 20 new or updated
Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety
of markets and industries. Published in 20-30 pages, Focus Report coverage
ranges from raw materials to finished manufactured goods and related services
such as freight and construction. Analysis is intended to guide the busy
reader through pertinent topics in rapid succession, including:
-
total historical market size
and industry output
-
segmentation by products and
markets
-
identification of market drivers,
constraints, and key indicators
-
segment-by-segment outlook in
five-year forecasts
-
a survey of the supply base
-
suggested resources for further
study.
Reports can be purchased at
www.freedoniagroup.com and
are also available on www.marketresearch.com
and www.profound.com.
Press Contact:
Corinne
Gangloff
440-684-9600
The Freedonia Group |