Recent numbers show there’s no time like the present to become a travel professional.
According to a report released by the American Society of Travel Agents and published in Travel Weekly, more than half of its members are seeing an increase in commissions and fees along with growth in the numbers of transactions and customers. And that’s for the second year in a row.
ASTA polled a representative sample of its member agencies and found that 57% of its independent contractors saw an increase in revenue in 2013. What’s more, for 2014 independent agents are forecasting a 13% increase in profits.
Numbers are also up for retail travel, particularly luxury bookings with increases in brick and mortar businesses and corporate and leisure bookings across the board. Host agencies for independent and home-based agents also saw double-digit sales increases.
Reports Travel Weekly: “For the purposes of the study, ASTA defined independent agents as owner/agents, independent contractors or hosted agents. Among this group, 44% reported increased revenue, and 46% reported an increase in the number of clients.”
Not only are profits increasing, many agencies are looking for experienced agents and believe they could increased their profits further with additional staff.
This is all good news for travel agents, who were challenged by the proliferation of Internet booking resources. Many report that customers are returning to travel agents after trying to make plans themselves.
It’s also good news if you’ve been on the fence about becoming a home-based travel agent. Now is the time. The Home-Based Travel Agent Success Course will give you the tools you need the take advantage of this growing market.