The UK tour operators market is set to see increased revenues in the future as higher disposable inc

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The UK tour operators market has seen revenues decline over the last five years as the economic troubles combined with reduced disposable downtown los angeles answering service incomes forced UK tourists to limit their overseas travel bookings. Over the same period the volume of foreign tourists visiting the UK also reduced. Unfavourable exchange rates did not help the situation as fewer trips abroad were made resulting in a switch to cheaper destinations.
According to a new report titled Tour Operators in the UK - Industry Market Research Report , the decline in the tourist revenues over recent years has seen a re-structuring of the industry especially as consumer preferences over how they book their holiday has changed significantly. An increasing proportion of consumers book holidays independently or online using companies such as Expedia, Opodo and lastminute.com. The move towards online and independent booking has squeezed profit margins further with tour operators forced to adapt and reduce prices.
Over the period 2008 to 2013, the market reduced by an average annual rate of 4.0% to total only £9.2 billion in 2013. The UK tour operator market downtown los angeles answering service is set to recover slightly over the next few years to total £9.6 billion by the start of 2019 as the industry records an increase of 0.8% CAGR over the period.
The companies operating in the UK tour operators market downtown los angeles answering service have seen profit margins decline from 5.0% to only 3.2% during the period 2008 to 2013. Further competition in the UK market is set to see companies forced to adapt structurally and in some cases the market will see further consolidation as the smaller players are unable to compete in a sector with such tight margins.
The UK tour operators market is set to see increased revenues in the future as higher disposable income growth and consumer confidence are likely downtown los angeles answering service to lead travellers further afield to destinations where they are more likely to rely on the services of industry operators. Specialist and niche operators downtown los angeles answering service are likely to be in the best position to thrive in the increasingly downtown los angeles answering service competitive market.
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