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Models, Margins, Revenue and Consolidation in the Leisure Hospitality Industry

For more than 50 years, the large majority of European tourists preferred to book their short-haul holidays through Tour Operators and not independently. It was in mid ’60s when the North Europeans started to travel in a more organized way and the traditional tour operators like Thomson, Thomas Cook and Horizon made their first steps into the world travel industry. Package holidays and their distribution through high street travel agents were at the time very popular. The development of the Internet, especially from 2000 onward, where consumers gained access to a wide range of travel sites changed the landscape. Online read more >>>

Source : HuffingtonPost.Com





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