The US Tour Operators Market size 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.
US Tour Operators Market: Overview
In order to get to a foreign nation, many tourists take tours. As a result, many foreign visitors to the United States use tour operator services, especially those whose first language is not English. Tour operators have a broader pool of potential consumers when more foreign nationals go to the US. Inbound travel by non-US citizens is predicted to rise in 2023, offering the sector a possible opportunity.
Browse the full “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 2023–2032″ report at https://www.custommarketinsights.com/report/us-tour-operators-market/
The study covers all the key trends and important driving factors that will have an impact on the expansion of the US tour operator industry throughout the anticipated time period. It also emphasizes the challenges and opportunities anticipated to have an impact on the market within the aforementioned time period.
For the US economy, international travel is essential. Prior to the COVID-19 pandemic, foreign tourists spent $233.5 billion in 2019, contributing roughly $640 million per day to the American economy. The travel and tourism sector in the United States supported 9.5 million American jobs, generated $1.9 trillion in economic production, and contributed 2.9% of the country’s GDP. Foreign travelers spend more money in the US than any other nation, accounting for 14.5% of all international travel expenditures worldwide.
The market for US Tour Operators is segmented into type, tour, and service.
Based on type, the market is bifurcated into leisure and business. The business segment dominated the market in 2022, however, the leisure segment is anticipated to witness a high CAGR during the forecast period.
Based on the service, the market is categorized into lodging commission, event ticket commission, airline seat commission, cruise commission, and other commissions. The airline seat commission led the US tour operator market in 2022.
Based on tour, the market is segmented into trip planning and other travel services. The other travel services are expected to notice substantial growth during the forecast period.
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Competitive Landscape/ Key Players Insights
Leading businesses in the US Tour Operators sector are focusing on ongoing innovation to differentiate themselves from the competition and tailor their product offerings for prospective clients. These businesses mostly use mergers and acquisitions, product launches, and partnerships to enter and compete in the travel industry.
Some of the prominent players
- Bindlestiff Tours
- G Adventures
- Southwest Adventure Tours
- Insight Vacations
- Growth International Volunteer Excursions
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