Travel agencies returning to profitability
The number of travel agencies making a profit last year was 55%, surpassing 2007 levels when 53% reported profits. The significance?
It "indicated continued, albeit slower than anticipated, economic growth," says ASTA’s 2012 Agency Profile study.
The American Society of Travel Agents also found that the number of agencies with sales of less than $2 million (39%) and those with sales of more than $10 million (9%) both grew — some as much as 100 percent in the past ten years.
Agencies in the $1 million to $10 million range did not fare as well, experiencing sales decreases anywhere from 21 percent to 56 percent.
"As the economy makes solid gains, we are seeing both large and small agencies experience revenue growth. It’s fully expected that when the economy begins to grow in earnest, the same will hold true for mid-sized agencies," said ASTA CEO Tony Gonchar. "
By David Wilkening
David
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