Luxury Coach & Transportation

July 2018

Magazine for the professional limousine, charter and tour industry.

Issue link: https://lctmag.epubxp.com/i/995738

Contents of this Issue

Navigation

Page 16 of 76

14 LUXURY COACH & TRANSPORTATION JULY 2018 WWW.LCTMAG.COM Stats, facts, faces, and products from the chauffeured and motorcoach transportation industries. LuxuryTransportation Scene 7.18 BY THE NUMBERS FOR MORE NEWS GO TO LCTMAG.COM AND FIND LATE BREAKING E-NEWS AND INDUSTRY BLOGS. One of the biggest industry stories of the past decade has been the move into buses of all sizes, especially the motorcoaches ideal for long trips and touring. Based on the stats below, the market shows no signs of abating. Operators who take on this segment and do it right can reap some of the highest profit margins in luxury fleet transportation. Traveling by motorcoach also avoids the hassles of the post- 9/11 heightened security llevels at airports and airlines. Touring Bus Industry Offers Much Potential For Operators Bus registrations grew by 5.1% from 2010 to 2015. Buses owned by schools, churches, and other groups accounted for 71% of bus registrations in 2015 [USDOT FHWA 2016]. Source: US DOT Transportation Statistics Annual Report 2017 Germany-based Distribusion, a global distribution system provider for bus operators in Europe and Asia, estimates the global intercity and shuttle bus travel market is a $74.7 billion industry. Source: Skift The median group travel organizer plans 10 group trips each year, and those tours average 30 passengers each. Of 570 survey respondents, 5% reported average group sizes of more than 55 people, and 10% said they arrange more than 50 group trips per year. The remaining miles were for commuting (4.6%) ; packaged tours (6.6%) ; transport to and from airports (3.7%) ; sightseeing (3.5%) ; and special operations, such as regular-route service to fairs, sports, and other events, and employee transport to work sites (1.8%) . Just under half of all bus passengers in 2014 were either students or senior citizens. Charter service accounted for about 47.5% of motorcoach mileage, and scheduled service accounted for another 32.3% . Retirees still dominate the group travel market, with 41% of respondents saying their travelers are between 60 and 70 years of age, and 17% saying their travelers are older than 70 . But 26% of respondents reported average traveler age between 50 and 60 , and 16% said their average traveler age is under 50 . Source: The Group Travel Leader Survey 2016 Travelers are likely to spend more on sightseeing than on shopping, souvenirs, and nightlife combined. The 5 most common things travelers are willing to spend more on as a treat: Sightseeing (53%) , special dining experiences (41%) , accommodation (41%) , activities (35%) , and shopping (24%) Source: Trip Barometer, 2015

Articles in this issue

Links on this page

Archives of this issue

view archives of Luxury Coach & Transportation - July 2018