Demi - my daughter has been offered the same (touring company & waiting list). She really had her heart set on the main company so is a bit disappointed, but she also knows how fortunate she is that it isn’t a ‘no’. The standard is so high . . .
I suspect that occasionally waiting list places do come up, but I doubt there’s much movement as the main company places are so prized!
I’m sure the touring company will be a great experience for them.