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NAICS Code 561510-07 Description (8-Digit)

Travel Agencies & Bureaus are businesses that provide travel-related services to individuals and groups. These services may include booking flights, hotels, rental cars, and other transportation, as well as arranging tours and activities. Travel Agencies & Bureaus act as intermediaries between travelers and travel suppliers, helping to plan and book trips that meet their clients' needs and preferences. They may also provide advice and recommendations on travel destinations, travel insurance, and other travel-related topics.

Hierarchy Navigation for NAICS Code 561510-07

Parent Code (less specific)

Tools

Tools commonly used in the Travel Agencies & Bureaus industry for day-to-day tasks and operations.

  • Global Distribution Systems (GDS)
  • Customer Relationship Management (CRM) software
  • Online booking engines
  • Travel itinerary management software
  • Social media management tools
  • Email marketing software
  • Accounting software
  • Travel insurance comparison tools
  • Language translation software
  • Mobile apps for travel booking and management

Industry Examples of Travel Agencies & Bureaus

Common products and services typical of NAICS Code 561510-07, illustrating the main business activities and contributions to the market.

  • Group travel planning
  • Luxury travel packages
  • Adventure travel experiences
  • Corporate travel management
  • Family vacation planning
  • Honeymoon and romantic getaways
  • Destination weddings
  • Cultural and educational tours
  • Eco-tourism and sustainable travel
  • International travel planning

Certifications, Compliance and Licenses for NAICS Code 561510-07 - Travel Agencies & Bureaus

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • IATA Accreditation: The International Air Transport Association (IATA) accreditation is a certification that travel agencies can earn by meeting certain requirements, such as having a minimum of $20,000 in working capital and passing an on-site inspection. This accreditation allows travel agencies to issue airline tickets and access IATA's billing and settlement plans. More information can be found on the IATA website:
  • ASTA Membership: The American Society of Travel Advisors (ASTA) is a professional organization that provides education, training, and advocacy for travel advisors. Membership in ASTA can provide credibility and networking opportunities for travel agencies. More information can be found on the ASTA website:
  • CLIA Certification: The Cruise Lines International Association (CLIA) offers a certification program for travel agents who sell cruises. This certification provides training on cruise sales and marketing, as well as access to CLIA's resources and events. More information can be found on the CLIA website:
  • ARC Accreditation: The Airlines Reporting Corporation (ARC) accreditation is a certification that allows travel agencies to issue airline tickets and access ARC's settlement system. To become accredited, travel agencies must meet certain financial and operational requirements and pass an on-site inspection. More information can be found on the ARC website:
  • TSA Precheck: The Transportation Security Administration (TSA) PreCheck program allows travelers to expedite the security screening process at airports. Travel agencies can become authorized to offer TSA PreCheck to their clients by completing an application and meeting certain requirements. More information can be found on the TSA website:

History

A concise historical narrative of NAICS Code 561510-07 covering global milestones and recent developments within the United States.

  • The "Travel Agencies & Bureaus" industry has a long history dating back to the 19th century when the first travel agency was established in 1841 in the UK. The industry grew rapidly in the 20th century with the advent of air travel and the rise of tourism. Notable advancements include the introduction of computer reservation systems in the 1960s, which allowed travel agents to book flights and hotels electronically. In recent years, the industry has faced challenges due to the rise of online travel agencies and the COVID-19 pandemic, which severely impacted the travel industry worldwide. However, the industry has adapted to these challenges by offering virtual tours and experiences, and implementing safety measures to ensure the health and safety of travelers. In the United States, the "Travel Agencies & Bureaus" industry has a rich history dating back to the 19th century when Thomas Cook established the first travel agency in the US in 1872. The industry grew rapidly in the 20th century with the rise of air travel and the popularity of package tours. Notable advancements include the introduction of the Global Distribution System in the 1980s, which allowed travel agents to book flights, hotels, and rental cars through a single system. In recent years, the industry has faced challenges due to the rise of online travel agencies and the COVID-19 pandemic, which has severely impacted the travel industry in the US. However, the industry has adapted to these challenges by offering flexible cancellation policies and implementing safety measures to ensure the health and safety of travelers.

Future Outlook for Travel Agencies & Bureaus

The anticipated future trajectory of the NAICS 561510-07 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The travel industry has been hit hard by the COVID-19 pandemic, and travel agencies and bureaus are no exception. However, as the world recovers from the pandemic, the industry is expected to see a gradual increase in demand for travel services. According to a report by IBISWorld, the travel agency industry is expected to grow at an annualized rate of 3.5% to $19.3 billion over the next five years. The report also suggests that the industry will benefit from an increase in international travel, as well as the growing popularity of experiential travel. However, the industry will continue to face challenges such as competition from online travel agencies and the need to adapt to changing consumer preferences. Overall, the future outlook for the travel agencies and bureaus industry in the USA is cautiously optimistic, with opportunities for growth and innovation in the coming years.

Industry Innovations for NAICS Code 561510-07

Recent groundbreaking advancements and milestones in the Travel Agencies & Bureaus industry, reflecting notable innovations that have reshaped its landscape.

  • Virtual Reality Travel Experiences: Travel agencies and bureaus are using virtual reality technology to provide customers with immersive travel experiences. This allows customers to explore destinations and hotels before booking their trips, enhancing the overall travel planning experience.
  • Personalized Travel Recommendations: With the help of artificial intelligence and machine learning, travel agencies and bureaus are able to provide personalized travel recommendations to customers based on their preferences and past travel history. This helps customers save time and find the perfect travel itinerary.
  • Sustainable Travel Options: Many travel agencies and bureaus are now offering sustainable travel options, such as eco-friendly hotels and carbon offset programs. This allows customers to travel while minimizing their impact on the environment.
  • Mobile Apps for Travel Planning: Travel agencies and bureaus are developing mobile apps that allow customers to plan and book their trips on-the-go. These apps provide customers with real-time travel information, such as flight updates and hotel availability, making travel planning more convenient.
  • Contactless Travel Services: In response to the COVID-19 pandemic, travel agencies and bureaus are offering contactless travel services, such as virtual consultations and online booking. This allows customers to plan and book their trips without having to visit a physical office, reducing the risk of exposure to the virus.

NAICS Code 561510-07 - Travel Agencies & Bureaus

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