The Travel Professor
Join me on a journey across the broad spectrum of interesting travel topics. We’ll discuss destinations domestic and abroad, some familiar and some off the beaten path. We take a look at suppliers like cruise lines, air carriers and tour operators and find their bargains and special offerings. Got questions? Email thetravelprofessor@gmail.com.

Wednesday, August 27, 2008

More research bullish on the roles of travel agents

PhosCusWright research recently documented the vital role of travel agents. According to their research travel agents are not only here to stay but how important their role will be in growing the travel industry. PhosCusWright projects:
  • Travel agent cruise sales will grow from $9.6 billion in 2007 to $10.9 billion in 2011.
  • Travel agent sales in hotel/tour sales will grow from $13.3 billion to $17.2 billion in the same period.
  • Travel agent sales for car rentals will remain stagnant through 2011.
  • Travel agent of air sales will continue to decline through 2011 when they will total $9.7 billion.

PhosCusWright is bullish about the entire travel business even though our economy is sluggish and predicts travel agents will play an even larger role in selling vacations. They conclude their report by stating "Agents are in control of their own destiny because the market is there"

Be kind to your travel agent & get out of town.