Industry Analysis & Industry Trends
Over the past five years, travel agencies have experienced changes that have led to consolidation and structural change in the travel sector. The global financial crisis dramatically decreased corporate spending on industry services and depressed international arrivals. In this challenging environment, revenue is expected to contract at a compound annual rate of 1.5% in the five years through 2012-13. As price competition continues within the industry, revenue is forecast to decline by 0.6% to $2.98 billion in 2012-13.
The Travel Agency and Tour Arrangement Services industry is marked by internal price competition and growing external competition for its share of tourism spending... purchase to read more
Industry Report - Industry Locations Chapter
Agency numbers are a function of population numbers and the business or commercial structure of each state. This is particularly relevant to New South Wales and Victoria, with their larger share of major businesses and corporate head offices. New South Wales also has a large number of head offices of international airlines. Queensland and Western Australia's large number of agencies relates to the greater propensity for its residents to travel overseas on holidays due to its proximity to Asia... purchase to read more