Is it worth it to become a travel agent in 2023?

Is it worth it to become a travel agent in 2023? The industry is forecast to grow by 7.1% throughout 2023, clearly demonstrating that demand for travel agents remains strong.

Do people still become travel agents?

However, even though the brick-and-mortar agencies with punny names in strip malls have vanished, the career is on-the-rise. New software options are making it easier than ever for people to make money planning trips, either as a side hustle or as a full-time business.

Why will travel agent disappear?

Then along came online booking sites like Travelocity and Expedia. These and other web platforms gave consumers the ability to plan and purchase their own trips. Losing clients to online providers and reduced commissions hurt brick-and-mortar agencies, leading many to downsize or leave the industry altogether.

What are Millennials travel trends for 2023?

70% of Gen Z and millennial respondents agree that they have been inspired to visit a destination after seeing it featured in a TV show, news source, or movie. And 61%of Gen Z and millennials agree that a top motivation for traveling in 2023 is to visit a destination because it looks great in photos and videos.

What is the demand for travel 2023?

International Inbound Travel Year-over-year, inbound travel volume is projected to grow 31% in 2023 and 18% in 2024, while inflation-adjusted spending is projected to grow 34% in 2023 and 19% in 2024. Volume in this sector is projected to recover by 2025, while inflation-adjusted spending will not recover until 2026.

Do people still use travel agents 2023?

People still choose a travel agent to help them book their travel experience, whether it is for business or pleasure. A travel agent helps travelers navigate any issues that may arise. They can even help save travelers money because they know what kinds of discounts and packages are out there.

How will travel change in 2023?

There will likely be a preference for visiting less-crowded destinations in 2023. This is partly due to COVID-19 concerns, but perhaps also due to a growing desire to have a unique experience. Travelers are opting for small group adventure travel, like AAA Club Adventures.

Do travel agents actually make good money?

How much money do travel agents make? This comes down to certain factors such as the type of clients, level of expertise and the ability to offer specialized services. According to Indeed, the average salary of a travel agent in the US is $49,608 but there are many making up to six-figure incomes.

What is the future outlook for travel agents?

Job Outlook Employment of travel agents is projected to grow 3 percent from 2022 to 2032, about as fast as the average for all occupations. About 8,600 openings for travel agents are projected each year, on average, over the decade.

Is it smart to become a travel agent?

If you're looking to earn some money, being a travel agent can be a good way to do so. Note that travel agents operate in a customer-facing role, so you'll also need to be able to build client relationships and be comfortable with sales.

Can you live off being a travel agent?

And being a remote travel agent can be a great way to earn a living while giving you freedom and flexibility. If you've ever felt the desire to travel abroad, working in the travel industry is a smart way to earn travel allowances from an employer while earning a paycheck.

Will travel become cheaper in 2023?

In 2023, I expect that to reverse and year-over-year fares to fall. With China—the last major country with covid travel restrictions—poised to reopen on January 8, I'm anticipating a huge uptick in transpacific flights (which are currently down 50% compared to 2019). More competition = cheaper fares.

Are travel agents declining?

A significant reduction in the number of travel agents. According to the U.S. Bureau of Labor Statistics, full-time agents declined from a peak of 124,000 in 2000 to 82,000 in 2019. From 1997 to 2013, retail travel agency headcount fell by 59 percent—from 22,938 to 9,387, said Skift, a travel media and events company.

Is it hard to get started as a travel agent?

Becoming a travel agent with no experience is possible, but it takes dedication and hard work. By developing your skills, choosing a niche, getting certified, building your network, and gaining experience, you can create a successful career in the travel industry.

What is the average age of travel agents?

Travel agent demographics research summary. There are over 29,992 travel agents currently employed in the United States. 78.1% of all travel agents are women, while 21.9% are men. The average travel agent age is 50 years old.

What are the disadvantages of being a travel agent?

How to make 6 figures as a travel agent?

Is it stressful to be a travel agent?

Being a travel agent is a stressful job. Agents must keep up on all new traveling information as it develops. Those working for themselves will experience tough times if they don't get enough customers. Travel agents market themselves by creating websites, belonging to travel consortiums, and networking.

How big is the travel market in 2023?

Revenue in the Travel & Tourism market is projected to reach US$854.70bn in 2023. Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 4.42%, resulting in a projected market volume of US$1,016.00bn by 2027.

What is the biggest travel trend in 2023?