Question: How much is the travel industry worth?
Answer: The industry has brought in approximately $2 billion in revenue with a 4.7 percent annual growth rate each year since 2013. The industry employs more than 13,000 people and is comprised of more than 6,500 different businesses.
Question: Is the travel industry booming?
Answer: Yes! Over the past five years, the travel franchise industry has reported consistently positive progress, according to Ibis World. In fact, the cruise and travel franchise industry have presented superior performance to the overall travel agency industry. In the past few years, customers have begun to seek authentic cultural experiences in their travel, much to the benefit of travel franchises. According to the Cruise Line International Association, 27.2 million people are estimated to use cruise lines for their form of vacation and travel this year.
Question: How can I request more information about travel franchises?
Answer: Visit our client pages to learn more about a specific franchise and request information! You can also check out our “Travel Industry Analysis” under our Franchise Industry tab.