Research and Markets: United Kingdom Travel Agents & Overseas Tour Operators Market Update 2014

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/h58mt5/travel_agents_and) has announced the addition of the "Travel Agents & Overseas Tour Operators Market Update 2014" report to their offering.

The UK travel and tourism market consists of two main sectors: outbound tourism, and domestic tourism. The outbound market accounts for the larger share of overall expenditure and revenue, although its share declined somewhat as a result of the recession, as holidaymakers looked to make savings and increasingly opted for domestic holidays in favour of overseas travel. This has increased pressure on travel agents and tour operators, many of whom rely on outbound travel as their primary source of revenue, which in turn has caused numerous businesses to close down. The Internet has also played a significant role, making it easier for holidaymakers to plan and book a holiday independently, mitigating the need for travel agents and tour operators.

One of the major issues currently impacting travel agents and tour operators, and also the wider travel and tourism industry as a whole, is the rising cost of air travel. Alongside inflation-related price rises and the historically high cost of fuel, the UK air industry is subject to some of the highest air taxes in the world, in the form of Air Passenger Duty (APD). Although the tax was simplified in the March 2014 Budget, and the tax on long-haul travel is set to reduce, the high taxes, particularly when compared to competitor countries, can ultimately reduce the attractiveness of the UK as a holiday destination and, in addition, can serve to discourage UK residents from travelling abroad.

Key Topics Covered:

1. Market Definition

2. Market Size

3. Strengths, Weaknesses, Opportunities and Threats

4. Current Issues

5. Forecasts

6. Company Profiles

  • Acromas Holidays Ltd
  • British Airways Holidays Ltd
  • Holidaybreak Ltd
  • Kuoni Travel Ltd
  • Southall Travel Ltd
  • Tcct Retail Ltd
  • Thomas Cook Group Plc
  • Thomas Cook Retail Ltd
  • Trailfinders Ltd
  • Tui Travel Plc

For more information visit http://www.researchandmarkets.com/research/h58mt5/travel_agents_and.

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Travel and Tourism

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Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Travel and Tourism