2014-01-27 06:40:01 - Travel Agency Activities in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com
The UK Travel Agency Activities industry has been taken over by online travel agents, which have grown rapidly over the past decade and are expected to account for just less than half the industry´s total revenue in 2013-14.
Customers are mostly UK residents looking to travel abroad for leisure purposes, such as going on holiday, visiting family and friends or travelling to events. Around one-fifth of industry revenue is generated from business travellers. Leisure travel is influenced by trends in disposable income, consumer confidence and the exchange rate of the pound. These factors negatively affected demand for the industry´s services in the early part of the period, but have since swung in the industry´s favour. Overall, industry revenue is expected to
grow at a compound annual rate of 0.6% over the five-year period.
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