People will always want or need to go places. This overall desire to travel is shared by average citizens and corporate travelers alike. Americans have a lot more disposable income than ever before and are spending it on travel. Thanks to advancements in technology and an ever-growing global economy, corporate travel continues to be a travel industry mainstay. So, whether it's for business or pleasure - to a business conference, to spend time with family over the holidays, or to enjoy some much-deserved rest and relaxation - the travel industry continues to enjoy robust activity.
The travel industry is huge, contributing more than $10 trillion (US dollars) to the global economy annually. At almost 9% of America's total gross domestic product (GDP), the travel and tourism industry represents a significant portion of the overall economy. Research by the Travel Industry Association of America (TIA) indicates that the travel and tourism industry generates $1.3 trillion in economic activity in the US every year; that is equivalent to about $3.4 billion per day.
A travel business can distinguish themselves by being able to provide services for all of a traveler's needs, particularly those with corporate or luxury/upscale travel needs. Consumers have come to want authenticity, personalization, and on-demand functionality in their travel experiences. In addition to booking airlines and reserving hotel rooms, a professional travel business may offer many services in providing one-stop shopping for all travel arrangements.
If you are considering the purchase of a travel business, Transworld is committed to ensuring the best deal for all parties involved. Transworld's professional business advisors will meet with prospective buyers to determine abilities and interests, provide education about the search and buying process, and connect you with travel business sellers that match your criteria.
If you are interested in selling your travel business, Transworld's experienced advisors will offer you full marketing support, including an expert opinion on value and strict confidentiality, as they introduce you to suitable prospective buyers. Transworld will be involved at all stages until the travel business changes hands and even beyond.
Search our listing of available travel businesses for sale here. We offer a detailed description of each travel business for sale, along with some basic business information such as price, down payment, number of employees, and current inventory.