Franchise Opportunities in Travel Business

Here are some statistics about travel agencies:

• As of 2023, there are 49,420 travel agencies in the US, which is a 0.3% increase from 2022.
• As of 2023, there are 89,353 people employed in the travel agencies industry in the US.
• Between 2018 and 2023, the number of people employed in the travel agencies industry in the US has declined by an average of 8.4% over the past five years.
• In 2020, independent agencies saw a significant decrease in revenue, with home-based agencies seeing their average revenue drop from $899,000 in 2018 to $346,000 in 2020.
• According to a 2019 survey by MMGY Global, 16% of American travelers reported using a traditional travel agent in the past 12 months, and 24% said they would likely use a travel agent within the next two years.
• The global traditional travel agency market size was valued at $143.9 billion in 2022, and is projected to reach $212.9 billion by 2032.
• The global online travel industry market size was estimated at over $470 billion in 2022.
• Statista Market Forecast projects a 3.47% annual growth rate in revenue from 2024-2028, resulting in a projected market volume of US$1,063.00bn by 2028