Major Group SIC 4724 - Travel Agencies

SIC 4724 - Travel Agencies

SIC 47 - Transportation Services
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs
- SIC 472 - Arrangement Of Passenger Transportation
  SIC 472 - Arrangement Of Passenger Transportation SIC 473 - Arrangement Of Transportation Of Freight And Cargo SIC 474 - Rental Of Railroad Cars SIC 478 - Miscellaneous Services Incidental To Transportation
  - SIC 4724 - Travel Agencies
    SIC 4724 - Travel Agencies SIC 4725 - Tour Operators SIC 4729 - Arrangement of Passenger Transportation, Not Elsewhere Classified

Establishments primarily engaged in furnishing travel information and acting as agents in arranging tours, transportation, rental of cars, and lodging for travelers. Tour operators primarily engaged in arranging and assembling tours for sale through travel agents are classified in Industry 4725.

Industry trends:

The travel agencies industry (NAICS 4724) is experiencing several qualitative trends driven by evolving consumer preferences, technological advancements, and global circumstances. One noticeable trend is an increased emphasis on personalized and experiential travel. Consumers are seeking unique, tailor-made experiences, prompting travel agencies to offer customized itineraries and niche travel opportunities that cater to specific interests like adventure travel, wellness retreats, and cultural immersions.

Digital transformation is also a significant trend. The rise of artificial intelligence and machine learning is enabling travel agencies to provide more efficient and personalized services. Chatbots, virtual assistants, and advanced data analytics are improving customer engagement and satisfaction by offering real-time support and personalized recommendations based on consumer data.

Sustainability in travel is gaining traction as well. Travelers are becoming more conscientious about their environmental impact, pushing agencies to incorporate eco-friendly practices and sustainable travel options. This includes partnerships with green hotels, eco-tours, and promoting low-carbon footprint travel options.

The recent global pandemic has further accelerated the trend towards flexible booking and cancellation policies. In the near future, travel agencies are expected to maintain flexible arrangements to build consumer confidence and adapt to changing travel restrictions and health guidelines.

Forecasts for the near future indicate a gradual recovery in the travel agencies sector, with a notable increase in domestic travel initially, followed by a steady rebound in international travel as vaccination rates improve and travel restrictions ease. The industry's ability to innovate and adapt to these trends and market demands will be crucial for its sustained growth and relevance.

This industry is comprised of:

Tourist agencies for the arrangement of transportation, lodging, and

Travel agencies

Explore related industries:

SIC 4119 - Local Passenger Transportation, Not Elsewhere Classified SIC 6515 - Operators Of Residential Mobile Home Sites SIC 7011 - Hotels And Motels

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