In the last year, 22 percent of Americans from households earning more than $50,000 booked travel through a travel agent, an increase from 14 percent just three years ago, according to new research from the American Society of Travel Agents (ASTA).
- 1 What percent of people use travel agents?
- 2 How popular are travel agencies?
- 3 How big is the travel agent industry?
- 4 Do Millennials use travel agents?
- 5 How many people still use travel agencies?
- 6 What is a travel agent salary?
- 7 How much do travel agents make per booking?
- 8 How much do first year travel agents make?
- 9 What are the working conditions of a travel agent?
- 10 How can I be a travel agent?
- 11 How profitable are travel agencies?
- 12 Why are travel agents declining?
What percent of people use travel agents?
Among those who took six or more trips in the past three years, 39 percent always/often used a travel advisor, compared to 12 percent who took one or two trips. Good news: After the pandemic is over, nearly half of travelers (44 percent) say they are more likely to use a travel advisor.
How popular are travel agencies?
The number of consumers now booking through a travel company is at its highest point in the last three years, reports the American Society of Travel Agents. The proportion of direct website bookings fell from 79.2% in 2017 to 66.7% in 2018, while marketplace bookings increased to 9.1%, from 3.2%.
How big is the travel agent industry?
The overall U.S. travel agency market is forecast to reach US$127 billion by 2021, up from $112.8 billion in 2017. Driving this growth are air, cruise and specialized sales – and customers who are ready to pay someone to take care of their travel needs (rather than losing hours trying to find the best deal).
Do Millennials use travel agents?
It might seem counterintuitive, but travel agent trends show that millennials, the most online generation, are also the age group most likely to use travel agents and here’s why – they know that an agent can help give them something they cannot get themselves: an authentic, culturally rich, outside the box experience.
How many people still use travel agencies?
And yet, though “the death of travel agents” has been touted since Expedia debuted, they still exist, though greatly diminished in number (the number of freelance travel agents went from 124,030 in 2000 to 66,670 in 2019 ).
What is a travel agent salary?
The BLS currently lists the average travel agent salary in 2019 as $44,690 with a range of $23,360 and $69,420 dividing the lower to upper 10% of travel agents. These results are similar to our most recent income report. We found an average income of $44,312 for hosted travel agents with 3+ years experience.
How much do travel agents make per booking?
Some offer a meager $2 per reservation (regardless of value), while others based on incentives and productivity will pay commissions as high as 20%. Across the board the average commissions are 3% for Internet bookings, 3-5% on promotional rental rates and 10% on leisure rates booked through GDS distribution channels.
How much do first year travel agents make?
The pay isn’t necessarily exorbitant—the median income is $38,700 a year, as reported by the U.S. Bureau of Labor and Statistics, but according to Pindar, it can actually be much higher. “Agents make anywhere from $50K to $100K on the low end and up to $250K to $500K annually,” says Pindar.
What are the working conditions of a travel agent?
Work Environment Travel agents work in an office environment where they spend much of their time on the phone. Travel agents typically spend much of their day sitting, working on the phone and on the computer. Agents may face stress during travel emergencies or unanticipated schedule changes.
How can I be a travel agent?
You could start your career right after high school, or you could put in one to four years to earn a certificate, associate’s, or bachelor’s degree in tourism. Of course, you could also change course from a related job, and morph your experience as, say, a destination wedding planner into a career as a travel agent.
How profitable are travel agencies?
Full time independent agents and independent contractors sold less than half as much travel, an average $388,684, yielding revenues of $47,502, or 12.2%. Corporate agents booked much higher volume, an average $1.11 million per agent, but the percent yield on those sales was much lower, an average $90,713, or 8.1%.
Why are travel agents declining?
This includes doing the heavy-duty work of organizing logistics for corporate travelers. The second reason why many predicted the fall of travel agencies was because of the rough breakup between many corporations — primarily that of the major airline companies — and the agencies themselves.