openPR Logo
Press release

Independent Contractor Model for Tourism: Highlights and Overview

03-21-2017 12:39 PM CET | Tourism, Cars, Traffic

Press release from: Future Market Insights

Independent Contractor Model for Tourism: Highlights

The travel and tourism industry is basking with new ideas and innovations. The global travel industry is skyrocketing and changing its dimension with every passing day. The new era of the travel industry is packed with new technologies and a new army of travellers who dare to challenge the set rules of travelling. Travel insurance, better air traffic and mushrooming travel agencies which lure their customers with a host of new and tailor-made tour packages are fast changing the face of the travel and hospitality industry. Travel agencies play a pivotal role in the evolution of the travel and tourism industry.

The meteoric rise of travel agents has fuelled the growth of the travel industry and made travel easy for millions of travellers around the globe. Travel agents are adapting to the changing climate of the industry and rolling out new ways to provide best possible deals to their customers. The emergence of the Independent Contractors model in tourism is one such model that has become extremely successful for travel agencies. The independent contractor model for tourism not only creates an affordable tourism structure; it also increases the market footprint of an organisation. Travel agencies around the world are changing their way of functioning to increase their customer outreach and to build a new way of functioning through these independent contractors.

Request For Report Sample:

Independent contractors are setting a new trend in the travel industry that is also controlling the rocketing expenses of travel. The new breed of independent contractors are reducing the recurring cost of the brick and mortar travel agencies by slashing the soaring manpower. The surging unemployment around the globe and a steadily growing travel industry is complimenting the growth of independent contractors. Independent contractors are earning their popularity amongst travel agencies because of their affordability and independent way of functioning and they are providing the agencies with the ease of doing business. Massive work pressure and the fright of losing a job is haunting millions of people around the world. Several developing economies are plagued by market meltdown. In the recent years, several people have opted out for a freelance career to balance life and career. This new tendency amongst the working middle-class population of the globe is paving the way for the growth of the independent contractor model. This model has not only complimented the development of tour agencies by creating a lucrative business channel but has also opened a new window of communication with customers. Independent contractors fetch the tax benefits for the agencies and also dip overall expense of the agency which they further use to knit lucrative offers for their target consumers. Most of the travel agencies hire independent contractors for a specific tourism project. This helps the travel agencies to extract maximum profits from a particular project and increase the customer base during a certain period of time. However, the swell in the population of independent contractors around the world is also creating new hurdles for travel agencies, as independent contractors are now demanding a secured job and long term association with the travel agency they deal with.

Independent Contractor Model for Tourism: Game Changers

The independent contractor model of tourism is a true game changer for the travel industry. Presently the independent contractor model for tourism has successfully curated a new and consistent ecosystem within the travel industry. The entire travel industry is immensely benefitted by this new emerging trend. The growing and competitive tourism industry is in dire need of skilled manpower and at the same time, they need to keep their expenses in control. Independent contractors are providing an amicable solution to this problem. The rising risk of economic meltdown is pushing more people towards freelancing. This new bent is extremely beneficial for the development of the independent contractor model of tourism.

Request For TOC:

Independent Contractor Model for Tourism: Restraints

The stringent tax reforms in many countries and demands for better job benefits by independent contractors is restricting the growth of the independent contractor model of tourism.

This comprehensive report equips readers with lucid information and analysis on the sector. Future Market Insights’ experienced travel and tourism analysts bring to you accurate and unbiased information to help you make crucial decisions with confidence.

The report offers a 360° view – bringing to the fore key drivers, restraints, opportunities, and challenges prevailing in the sector. To offer readers actionable insights, detailed information on historical trends, current scenario, and future projections is provided in the report.

Browse Full Report:

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

Membrane Chemical Market Expected to Account for US$ 5,572.8 Mn by 2020
Radiopharmaceuticals Market Will hit at a CAGR of 5.9% by 2016 to 2026
Radiopharmaceuticals Market expected to grow at a CAGR of 5.9% during 2016 to 2026
Radiopharmaceuticals Market to Grow at a CAGR of 5.9% through 2026
Renewable Methanol Market by Primary Source: Biomass, Municipal Waste, Industrial Waste and Others
Hypercalcemia Treatment Market by End-use Application: Formaldehyde, MTBE, Gasoline, Dimethyl Ether and Solvents
Radiopharmaceuticals Market Poised to Rake US$ 8,500 million by 2026
Valuation of Radiopharmaceuticals Market to reach US$ 8,500 million by 2026
Radiopharmaceuticals Market Revenue is expected to US$ 8,500 million by 2026
Future Market Insights has announced the addition of the “Radiopharmaceuticals Market: Global Industry Analysis and Opportunity Assessment, 2016–2026" report to their offering.
Radiopharmaceuticals Market, Radiopharmaceuticals, Radiopharmaceuticals Market sales, Radiopharmaceuticals Market size, Radiopharmaceuticals Market Forecast, U.K Radiopharmaceuticals Market, U.S Radiopharmaceuticals Market, India Radiopharmaceuticals Market.

North America is anticipated to be the most attractive regional market in the global radiopharmaceuticals market
North America accounted for more than 40% market share in the global radiopharmaceuticals market in 2016 and is expected to witness an increase of more than 100 BPS in its market share over the forecast period. In terms of Y-o-Y growth, North America dominated the global radiopharmaceuticals market and was valued at more than US$ 2,000 Mn in 2015. The market is expected to expand at 6.2% CAGR over the projected period to reach more than US$ 4,000 Mn by the end of 2026. The North America radiopharmaceuticals market is estimated to represent absolute $ opportunity of more than US$ 100 Mn in 2017 over 2016. The growth is stagnant and slow due to major reactors having been shut down in Canada and new reactors installed in place of old ones for better production of radioisotope. North America is expected to be the most lucrative market in the global radiopharmaceuticals market, recording an attractiveness index of 3.6.
Significant growth in the number of cancer and cardiovascular diseases patients in North America is expected to boost the global radiopharmaceuticals market
Widespread availability of SPECT and PET scanning machines will result in a growing number of radio diagnostic and radio therapeutics events in North America. For instance, the number of PET scanning machines installed per head of population in North America are more compared to that installed in Europe, thus leading to increased usage of radiotracers in the region. This growth in North America is expected to continue along with continuous technological improvements in PET scanning devices. The high level of awareness and accessibility to these machines is expected to account for high revenue generation in North America. This factor is boosting the overall growth of the global radiopharmaceuticals market. The other factor impacting the global radiopharmaceuticals market is the rising prevalence of cancer in North America. This has significantly increased the number of nuclear medicine procedures performed in the region and this is the precise reason that the market for radiopharmaceuticals is steadily growing in North America. There has been a rising number of cardiovascular diseases among the people in North America due to aging population, unhealthy food habits and rising obesity. The increasing number of cardiovascular patients is expected to boost the sales of radiopharmaceuticals, which would eventually create growth in the global radiopharmaceuticals market.
Request For Report Sample:
Gallium-68 and Lutetium 177 sub-segments of the radioisotope segment are likely to dominate the North America radiopharmaceuticals market
Gallium-68 and Lutetium 177 are dominant sub-segments of the radioisotope segment in North America. Gallium-68 has gained immense popularity since the last one year in the field of nuclear medicine, especially in the diagnosis and evaluation of prostate cancer. This is in heavy reliance with incorporation of several technological leaps and entry of new radiotracer- 68Ga-PSMA-11, developed by the University of Heidelberg. Additionally, marketing authorisation of the first 68Ge/68Ga generator, manufactured by the German company Eckert & Ziegler, has also positively impacted the penetration of 68Ga-PSMA-11 tracer in the treatment of prostate cancer in North America. Despite a shorter half-life, Gallium-68 has an ideal profile as a PET imaging agent. Several manufacturers in North America are focussing on introducing cold kits for the 68Ga-labeling of tracers (ANMI, Belgium), thus opening the gateways for 68Ga in PET scanning. Iodine-131, a therapeutic radiotracer continues to be the ideal tracer for the treatment of not only thyroid cancer but also other therapeutic indications. However it is being slowly replaced by Lutetium-177 (Lu-177) in North America. Lu-177, low-energy β-particle emitter is identified to be one of the emerging radiotracers for the treatment of metastatic castrate-resistant prostate cancer (mCRPC) and neuroendocrine tumors.
Send An Enquiry:

Market share of companies operating in the global radiopharmaceuticals market
The global radiopharmaceuticals market is highly consolidated with a few companies that offer advanced technology systems and nuclear medicines for treating diseases. However, the global market is dominated by top five players accounting for over 89% share. Siemens Healthineers accounted for the largest share of around 41.2% of the global market in 2015. The company dominated the market owing to its diversified product portfolio, extensive geographical presence, and acquisition strategies. GE Healthcare accounted for the second largest share of around 30.1% and Mallinckrodt plc. accounted for the third largest share of around 9% in the global radiopharmaceuticals market.
Browse Full Report Radiopharmaceuticals Market Segmentation by Radioisotope – Technetium-99, Fluorine-18, Iodine-131, Leutetium-177, Yttrium-90, Gallium-68, Gallium-67, Rubidium-82, Iodine-123, Iodine-125, Indium-111; By Source – Cyclotrons, Nuclear Reactors; By Application – Oncology, Cardiology, Gastroenterology, Neuroendocrinology, Neurology, Nephrology; By End User – Hospitals, Diagnostic Imaging Centres, Ambulatory Surgical Centres, Cancer Research Institutes:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Independent Contractor Model for Tourism: Highlights and Overview here

News-ID: 476503 • Views: 534

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases

More Releases for North

Agrochemicals Market in North America
ReportsWorldwide has announced the addition of a new report title North America: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “North America: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the
North American Surgical Gowns Market
The North American Surgical Gowns Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. The global surgical apparels market is growing at a significant rate due to increasing number of surgeries, and technological advancement in the field. Some of the surgical apparels available
Web Design in North London
Darcy Developments has moved to the West Hampstead area of North London. Originally based in Manchester and building up a strong client base there, including the exclusive Manchester Grammar School, they have decided to up shop and make the move to the big city. They specialise in Web Design, with an emphasis on clean, simple layouts with a strong message associated with it. They also provide ecommerce solutions such as Paypal integration
The Jewel of the North
It is fair to say that Blackpool is a well known holiday destination not only in the UK and Ireland but also around the world, and is known as ‘The Jewel of the North’, or some refer to Blackpool as the ‘playground of the North, or even ‘Britain’s Las Vegas’. This ‘Jewel’ has much to offer the tourist, it is a very traditional English Victorian seaside town, boasting many attractions, such
LTC North India Tour Packages
LTC TOURS is one of well known travel tour operator among the tourist from all over the world, touring India, Thailand, Malaysia & Singapore, Srilanka, Dubai, London, Paris and more. Our one of the tour package is LTC North India Tour Packages in which we are exploring the complete beauty of North India like Delhi, Rajasthan, Bikaner, and Jaisalmer. In LTC North India Tour Packages, we cover Rajasthan culture, heritage, forts
06-08-2009 | Sports
ClickCulture Promotes North Carolina Worldwide
Race Team Sponsorship Includes North Carolina Flag Vehicle Wrap RALEIGH, N.C. (June 8, 2009)—ClickCulture Inc. (, a Raleigh-based Web technologies, design and integrated marketing firm, announces today its sponsorship of Creation Autosportif ( The sponsorship includes the North Carolina state flag graphically wrapped on Creation's Le Mans race car. The newly wrapped car will debut at the 77th running of the Le Mans 24 Hour race, held June 13 and 14