This yr, Host Company Opinions has expanded the report scope to incorporate the newest information on know-how use and host company relationships along with analyzing present earnings, charge, and demographic tendencies.
MINNEAPOLIS – Host Company Opinions lately printed its annual Hosted Journey Advisor, 2023 Report. The 70+ web page report contains information from 1,700+ hosted advisors, trying on the newest tendencies amongst that distribution channel.
Regardless of lingering pandemic impression (23% of hosted advisors reported their 2022 gross sales had not but recovered to pre-pandemic ranges), hosted journey advisors are accelerating previous a restoration mindset.
“By all accounts, there may be extra alternative for advisors proper now than I’ve ever seen in my whole 30-plus years within the journey enterprise,” stated Perry Lungmus, VP of Luxurious at Journey Leaders. “Journey gross sales proceed to be very sturdy; provider pricing and advisor commissions tendencies are nice.”
Certainly, Host Company Opinions’ report displays this rebound. Common earnings elevated 42% over 2021 earnings. Earnings for the latest advisors* had been 1 / 4 of their extra skilled friends**, which was fourteen factors greater than final yr’s outcomes.
- Right here’s a number of different key takeaways:
- Common annual earnings for all skilled hosted advisors was $47,179
- 49% of hosted advisors charged a charge
- 34% of all hosted advisors had been new-to-industry (<3 years expertise)
- 54 was the median age and 5 was the median years of {industry} expertise for hosted advisors
- Ocean cruise was the preferred product offered
“Hosted advisors are a tough section to trace. The fragmented nature of the hosted sector makes them underrepresented in standard third-party sources such because the Bureau of Labor and Statistics and even conventional {industry} stories,” stated Steph Lee, founding father of Host Company Opinions. “With strong participation and assist, we discover uncharted territory on the subject of hosted advisor tendencies. Advisors are beneficiant within the time they spend money on taking our complete survey, and the depth of our report—70+ pages—is a mirrored image of their time funding! Professionals from all sectors can profit from the info, whether or not they’re a solo advisor, massive company proprietor, provider, DMC or DMO, journey tech firm, or a number company or consortium.”
*Hosted advisors with fewer than 3 years of {industry} expertise
**Hosted advisors who’ve 3+ years of expertise
Vicky is the co-founder of TravelDailyNews Media Community the place she is the Editor-in Chief. She can be answerable for the every day operation and the monetary coverage. She holds a Bachelor’s diploma in Tourism Enterprise Administration from the Technical College of Athens and a Grasp in Enterprise Administration (MBA) from the College of Wales.
She has a few years of each tutorial and industrial expertise inside the journey {industry}. She has written/edited quite a few articles in varied tourism magazines.
