Travel Agencies in Canada - Industry Market Research Report

Travel Agencies in Canada - Industry Market Research Report

  • August 2018 •
  • 34 pages •
  • Report ID: 4564422 •
  • Format: PDF
Staying home: The industry has struggled due to the rise of internet travel booking

Abstract

Travel Agencies in Canada
The Travel Agencies industry has struggled over the past five years, as the traditional core services of the industry have been negated by the rise of internet travel booking. The industry has been tipped on its head, as consumers have increasingly flocked to online travel websites to research and book travel. For this reason, many agents have sought to specialize in certain destinations or forms of travel to showcase the value they provide to travelers. Growth in per capita income and declining unemployment over the next five years will fail to contribute any substantial boost for the Travel Agencies industry because many consumers are used to making their own travel reservations and will be aided by improved web interfaces and seamless transactions.

This industry acts as agents for tour operators, transportation companies and accommodation establishments in selling travel, tour and accommodation services to the general public and commercial clients.

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.
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