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NAICS Code 561520-08 Description (8-Digit)

Tours (Wholesale) is a subdivision of the Tour Operators industry that involves the arrangement and sale of tours and packages to travel agents, tour operators, and other travel businesses. These tours are typically sold in bulk and at a discounted rate to these businesses, who then resell them to individual travelers or groups. Tours (Wholesale) companies may specialize in a particular type of tour, such as adventure tours, cultural tours, or luxury tours, and may operate in a specific geographic region or offer tours worldwide.

Hierarchy Navigation for NAICS Code 561520-08

Parent Code (less specific)

Tools

Tools commonly used in the Tours (Wholesale) industry for day-to-day tasks and operations.

  • Tour management software
  • Reservation and booking systems
  • Customer relationship management (CRM) software
  • Online payment processing tools
  • Marketing automation tools
  • Social media management tools
  • Travel itinerary planning tools
  • Language translation software
  • GPS navigation devices
  • Tour guide headsets

Industry Examples of Tours (Wholesale)

Common products and services typical of NAICS Code 561520-08, illustrating the main business activities and contributions to the market.

  • Adventure tours
  • Cultural tours
  • Eco-tours
  • Food and wine tours
  • Historical tours
  • Luxury tours
  • Safari tours
  • Scenic tours
  • Sports tours
  • Wildlife tours

Certifications, Compliance and Licenses for NAICS Code 561520-08 - Tours (Wholesale)

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

  • Tour Operator License: A license required by the US Department of Transportation for tour operators that provide transportation services. This license ensures that the operator is compliant with safety regulations and has adequate insurance coverage.
  • International Tour Management Institute (ITMI) Certification: A certification program that provides training in tour management, including itinerary planning, customer service, and risk management. This certification is recognized internationally and can enhance the credibility of a tour operator.
  • Certified Travel Associate (CTA) Certification: A certification program offered by The Travel Institute that provides training in various aspects of the travel industry, including tour operations. This certification can demonstrate a tour operator's knowledge and expertise in the industry.
  • National Association Of Career Travel Agents (NACTA) Membership: A membership organization for travel agents that provides training, networking opportunities, and industry resources. This membership can provide a tour operator with access to a network of travel professionals and resources to enhance their business.
  • Better Business Bureau (BBB) Accreditation: An accreditation program that recognizes businesses that meet certain standards of trust and integrity. This accreditation can enhance a tour operator's reputation and credibility with customers.

History

A concise historical narrative of NAICS Code 561520-08 covering global milestones and recent developments within the United States.

  • The "Tours (Wholesale)" industry has a long and rich history dating back to the early 19th century when Thomas Cook organized the first-ever group tour in Europe. Since then, the industry has grown significantly, with the introduction of new technologies such as airplanes, trains, and automobiles, making travel more accessible and affordable. In the United States, the industry saw a significant boom in the 1960s and 1970s, with the introduction of mass tourism and the rise of the middle class. The industry has continued to evolve, with the introduction of new tour packages, destinations, and experiences, such as adventure tourism, eco-tourism, and cultural tourism. In recent years, the industry has faced several challenges, including the COVID-19 pandemic, which has severely impacted the travel and tourism industry worldwide. However, the industry has shown resilience and adaptability, with many tour operators pivoting to virtual tours and experiences to meet the changing needs of consumers. Additionally, the industry has seen a rise in sustainable and responsible tourism, with a growing focus on environmental and social impact. Overall, the "Tours (Wholesale)" industry has a rich and diverse history, with many notable milestones and advancements, and continues to evolve and adapt to meet the changing needs of consumers.

Future Outlook for Tours (Wholesale)

The anticipated future trajectory of the NAICS 561520-08 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Tours (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for travel and tourism. The rise of the middle class in emerging economies is also expected to contribute to the growth of the industry. The industry is also expected to benefit from the increasing popularity of experiential travel, which involves immersive and authentic experiences. The industry is also expected to benefit from the increasing use of technology, such as virtual reality and augmented reality, to enhance the travel experience. However, the industry may face challenges such as geopolitical risks, natural disasters, and economic downturns. Overall, the industry is expected to continue to grow in the coming years.

Industry Innovations for NAICS Code 561520-08

Recent groundbreaking advancements and milestones in the Tours (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Personalized Travel Experiences: Tour operators are increasingly offering personalized travel experiences to meet the needs and preferences of individual travelers. This includes customized itineraries, unique accommodations, and personalized activities.
  • Sustainable Tourism: Tour operators are increasingly focusing on sustainable tourism practices to minimize the negative impact of tourism on the environment and local communities. This includes eco-friendly accommodations, responsible wildlife viewing, and community-based tourism.
  • Virtual Reality Tours: Tour operators are increasingly using virtual reality technology to provide immersive and interactive tours of destinations. This allows travelers to experience destinations before they visit and can help to increase interest in travel.
  • Mobile Apps: Tour operators are increasingly using mobile apps to provide travelers with real-time information and updates about their travel plans. This includes flight information, hotel reservations, and local recommendations.
  • Social Media Marketing: Tour operators are increasingly using social media platforms to market their services and engage with customers. This includes creating engaging content, responding to customer inquiries, and using social media influencers to promote their services.

NAICS Code 561520-08 - Tours (Wholesale)

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