Market Research Report
The North American Travel Intermediaries Market
|Published by||Timetric||Product code||258741|
|Published||Content info||148 Pages
|The North American Travel Intermediaries Market|
|Published: December 26, 2012||Content info: 148 Pages||
The report provides top-level market analysis, information and insights, including:
The North American travel intermediaries industry began to recover in 2010 after a major downturn in 2009, when industry revenue declined by 6.3% and traditional agencies lost sales to online channels. The economic recession and rise in unemployment forced people to restrict their spending on discretionary purchases such as travel, and as demand weakened, companies reduced margins and commissions to retain business and maintain cash flow.
With the slow economic recovery during 2010 and 2011, consumer spending increased marginally as more leisure and business customers booked travel. However, traditional agencies registered continued declines in their revenues as they were increasingly replaced by online services. Traditional agencies are also being threatened by disintermediation. Suppliers such as airlines and hotels are taking several measures to cap or reduce the commissions paid to intermediaries, in order to reduce their distribution costs. Suppliers are encouraging customers to contact them directly for travel bookings by creating their own websites and by introducing a variety of price policies and loyalty programs. However, traditional channels continue to play vital role in developing customized travel packages.
This report provides an extensive analysis related to the tourism demands and flows in North America: