US Tour Operators Market Size, Trends and Insights By Service (Lodging Commission, Event Ticket Commission, Airline Seat Commission, Cruise Commission, Other Commission), By Type (Business, Leisure), By Tour (Trip Planning, Other Travel Services), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | USA |
| Largest Market: | USA |
Major Players
- Collette
- Bindlestiff Tours
- G Adventures
- Amadeo
- Globus
- Cosmos
- Others
Reports Description
The US Tour Operators Market was estimated at USD 7.5 billion in 2022 and is anticipated to reach around USD 30 billion by 2032, growing at a CAGR of roughly 17% between 2023 and 2032.
CMI research report offers a 360-degree view of the US Tour Operators market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the US Tour Operators market.
- Over the five years leading up to 2023, the conditions for the tour operator sector have been inconsistent. Due to the discretionary nature of leisure travel, consumer spending and travel frequency are heavily influenced by disposable income levels. Operators serve both domestic and international customers. Thus, as the domestic and international economies have expanded, so have consumer discretionary income levels. The significant impact of the COVID-19 (coronavirus) pandemic on internal and international travel, however, has tempered the US tour operator industry’s growth.
- Up to 2019, the tour operators sector expanded due to increased disposable income levels and a reinforcing global economy. Demand for vacation packages soared as consumer spending and unemployment rates rose, and more Americans traveled domestically and abroad. Despite the industry’s success, operators have faced a number of difficulties. Political unrest, armed conflicts, and infectious disease outbreaks all have the potential to drastically reduce demand for travel packages in particular nations or regions.
- Domestic and international travel by US citizens and inbound travel by foreigners is anticipated to continue growing over the following five years, raising demand for tour packages and expanding profit margins. Along with an increase in travel, it is projected that as income levels improve, more people will look for more opulent vacation options.
Report Scope
The US Tour Operators market research report offers an in-depth analysis of the global market size, which is further segmented into segmentation market growth. Also, it provides market share, sales analysis, competitive landscape, the impact of domestic and global market participants, trade regulations, value chain optimization, recent key developments, strategic market growth analysis, opportunities analysis, product launches, and technological innovations. The scope of the study includes market sizing and forecast for segmentation by service, tour, and type.
| Feature of the Report | Details |
| Market Size in 2023 | USD 9.75 Billion |
| Projected Market Size in 2032 | USD 30 Billion |
| Market Size in 2022 | USD 7.5 Billion |
| CAGR Growth Rate | 17% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Service, Type, Tour and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Market Dynamics
- Revenue for the US travel services sector is anticipated to increase by 11% by 2023. Revenues for the US travel service industry are predicted to increase at a more gradual rate of 5.6% each year from now through 2026. The growth in the tourism industry is expected to boost the market for tour operators in the US.
- After the COVID-19 pandemic-related limitations, delays, and cancellations, leisure travelers have “cabin fever” and pent-up demand, which drive the US tour operators market. Rising disposable personal income levels will also aid growth in the industry, and corporate travel is anticipated to increase.
- The growth of commission-based revenue from travel services is exemplary. The traditional and online travel agencies that account for a large portion of industry income are included in this section. Examples include Expedia and Booking Holdings.
- The popularity of travel vloggers on YouTube, TikTok, and Instagram has increased consumer demand for travel. Additionally, the demand for business travel could increase as more companies spread out geographically. However, the availability of Zoom and Microsoft Teams will reduce the necessity for business travel.
Leisure Travel to Witness a Significant CAGR in the US Tour Operators Market During 2024-2033
- Spending on travel will go up overall. Even though customers are becoming more concerned about rising airfares and hotel prices, 28% of travelers intend to spend more than they did in 2019, an increase of 6% from 2022.
- American Airlines’ airline business has altered. The tour operator market is driven by so-called blended excursions or those that combine business and leisure components.
- Airlines’ routes have changed as a result of the concept of blended journeys and, more broadly, the work-from-anywhere culture that rose to prominence during the pandemic.
- Beaches and mountains that are geared toward outdoor recreation have recovered the quickest; several of these locations now have more air service than they did in 2019; in contrast, conventional business-travel hubs like New York and San Francisco have lagged.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
|
US Tour Operators Market |
||
|
CAGR 17% (Approx) |
CAGR 27% (Approx) |
CAGR 17% (Approx) |
|
US$ 30 billion by 2032 |
US$ 115.37 Billion by 2032 |
USD 9 Billion by 2032 |
Competitive Landscape
Businesses in this sector are mostly involved in putting together and organizing tour packages. Travel and wholesale tour operators are also a part of this sector. Therefore, tour providers may include travel and lodging as part of the overall package. Travel agencies that sell tour packages but do not provide the excursions themselves are not included in this category, nor are enterprises that focus exclusively on providing lodging.
The competitive landscape of the US Tour Operators industry gives information about the competitors. The company’s financials, revenue generated, market potential, investment in technology, global presence, new market initiatives, players’ capacities, company strengths and weaknesses, product release, product width and breadth, and application dominance are among the details included. The data points mentioned above only pertain to the companies’ market focus on US Tour Operators.
- 2023: Three of TTC Tour Brands’ tour operators, Trafalgar, Insight Vacations, and Costsaver, are now offering new itineraries in the United States for 2023, along with additional active adventure and indigenous tourism experiences.
List of the prominent players in the US Tour Operators market:
- Collette
- Bindlestiff Tours
- G Adventures
- Amadeo
- Globus
- Cosmos
- Southwest Adventure Tours
- Trafalgar
- Contiki
- Insight Vacations
- Growth International Volunteer Excursions
- Others
The US Tour Operators market is segmented as follows:
By Service
- Lodging Commission
- Event Ticket Commission
- Airline Seat Commission
- Cruise Commission
- Other Commission
By Type
- Business
- Leisure
By Tour
- Trip Planning
- Other Travel Services
By Device
- Mobile
- Desktop
On the basis of US Geography
- Northeast Region
- Southeast Region
- Midwest Region
- West Coast Region
- Southwest Region
- Mountain States
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 US Tour Operators Market, (2024 – 2033) (USD Billion)
- 2.2 US Tour Operators Market : snapshot
- Chapter 3. US Tour Operators Market – Industry Analysis
- 3.1 US Tour Operators Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 International travel
- 3.2.2 Foreign travelers
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Service
- 3.7.2 Market attractiveness analysis By Type
- 3.7.3 Market attractiveness analysis By Tour
- Chapter 4. US Tour Operators Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 US Tour Operators Market: company market share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. US Tour Operators Market – Service Analysis
- 5.1 US Tour Operators Market overview: By Service
- 5.1.1 US Tour Operators Market share, By Service, 2022 and – 2033
- 5.2 Lodging Commission
- 5.2.1 US Tour Operators Market by Lodging Commission, 2024 – 2033 (USD Billion)
- 5.3 Event Ticket Commission
- 5.3.1 US Tour Operators Market by Event Ticket Commission, 2024 – 2033 (USD Billion)
- 5.4 Airline Seat Commission
- 5.4.1 US Tour Operators Market by Airline Seat Commission, 2024 – 2033 (USD Billion)
- 5.5 Cruise Commission
- 5.5.1 US Tour Operators Market by Cruise Commission, 2024 – 2033 (USD Billion)
- 5.6 Other Commission
- 5.6.1 US Tour Operators Market by Other Commission, 2024 – 2033 (USD Billion)
- 5.1 US Tour Operators Market overview: By Service
- Chapter 6. US Tour Operators Market – Type Analysis
- 6.1 US Tour Operators Market overview: By Type
- 6.1.1 US Tour Operators Market share, By Type, 2022 and – 2033
- 6.2 Business
- 6.2.1 US Tour Operators Market by Business , 2024 – 2033 (USD Billion)
- 6.3 Leisure
- 6.3.1 US Tour Operators Market by Leisure, 2024 – 2033 (USD Billion)
- 6.1 US Tour Operators Market overview: By Type
- Chapter 7. US Tour Operators Market – Tour Analysis
- 7.1 US Tour Operators Market overview: By Tour
- 7.1.1 US Tour Operators Market share, By Tour, 2022 and – 2033
- 7.2 Trip Planning
- 7.2.1 US Tour Operators Market by Trip Planning, 2024 – 2033 (USD Billion)
- 7.3 Other Travel Services
- 7.3.1 US Tour Operators Market by Other Travel Services, 2024 – 2033 (USD Billion)
- 7.1 US Tour Operators Market overview: By Tour
- Chapter 8. US Tour Operators Market – Regional Analysis
- 8.1 US Tour Operators Market Regional Overview
- 8.2 US Tour Operators Market Share, by Region, 2022 & – 2033 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 Collette
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Bindlestiff Tours
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 G Adventures
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Amadeo
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Globus
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Cosmos
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 Southwest Adventure Tours
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 Trafalgar
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Contiki
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Insight Vacations
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 Growth International Volunteer Excursions
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 Others
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.1 Collette
List Of Figures
Figures No 1 to 20
List Of Tables
Tables No 1 to 2
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
|
| Demand-side |
|
|
Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|
|
FAQs
The key factors driving the market are international travel and Foreign travelers.
The key players operating in the US Tour Operators market are Collette, Bindlestiff Tours, G Adventures, Amadeo, Globus, Cosmos, Southwest Adventure Tours, Trafalgar, Contiki, Insight Vacations, Growth International Volunteer Excursions, Others.
The US Tour Operators market is expanding growth with a CAGR of approximately 17% during the forecast period (2023 to 2032).
The US Tour Operators market size was valued at USD 7.5 Billion in 2022 and it is projected to reach around USD 30 Billion by 2032.