Staying home: Growth in disposable income and declining unemployment are expected to facilitate industry recovery
Travel Agencies in Canada The Travel Agencies industry in Canada has struggled over the five years to 2019 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. While the number of brick-and-mortar establishments has increased slightly alongside overall international travel during the period, brick-and-mortar travel agents have been forced to reinvent themselves to remain relevant as online booking engines have expanded their role. Growth in per capita income and declining unemployment over the five years to 2024 is expected to fail to contribute any substantial boost for the industry’s revenue or profit. This will likely be due to many consumers used to making their own travel reservations, and this is anticipated to be aided by improved internet interfaces and seamless transactions.
The Travel Agencies industry in Canada 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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The president, Xi Jinping, is set to strengthen his position emphatically at the five-yearly national congress of the Chinese Communist Party (CCP) in October 2017. The Economist Intelligence Unit expects Mr Xi to use this enhanced power to maintain his conservative political agenda while overseeing a more aggressive effort...
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