American Society of Travel Agents reports number of agencies made 55% in 2011

The number of agencies that made a profit in 2011 (55%) has surpassed 2007 levels, when 53 percent reported a profit, indicating continued -albeit slower than anticipated- economic growth, ASTA’s 2012 Agency Profile Study found.The study also found that the number of agencies with sales of less than $1 million (39%) and sales of more than $10 million (9%) grew in 2011, up respectively from 2002 by 93 percent and 100 percent. Agencies in the $1 million to $10 million range did not fare as well, experiencing sales decreases anywhere from 21 percent to 56 percent. Read article