The travel agencies continue to flourish and remain adamant in spite of the many economic challenges facing the industry. One of the things that you need to have to succeed in establishing your agency is a travel business strategy. It has to be written by a professional who has the necessary training, academic qualification, and most importantly experience.
Do you need a sample travel agency business plan template or feasibility study? Do you want to know what it takes to start a travel and tour company? If YES, then i advice you read on. The Service industry is a key industry in the economy of most countries; and loads of entrepreneurs build their businesses around this industry.
Travel agency happens to be part of the service sector and to say the least; this line of business is a contributor to the economies of most countries of the world, especially countries that attracts loads of visitors all through the year or countries whose citizens travel a lot.
The average human wants to see other parts of the world, he wants to relax and have fun too. If you are able to catch a glimpse of the list of things most people want to do before they pass on, traveling to some part of the world would most likely be on the list for most people.
For others, the need to travel is not born out of pleasure but for businesses, conferences or due to the nature of their jobs. Whichever one it is, the travel industry remains a multi-billion dollar industry that continues to boom and double in size on a yearly basis.
The travel industry is a big industry within the tourism industry. Everyday, people are traveling from one part of the world to the other. And we all know that where there is demand, money is bound to flow and wherever money flows; entrepreneurs are there to tap into such opportunities.
The major players is this industry are the transportation companies Airline, Cruise and Shipping companies and other transporters and a special category of people that work behind the scenes to ensure that travelers are comfortable on their trips and get value for their money.
These people are known as travel agents. Their duties include but are not limited to-: Hunting for the best prices on services from travel tickets to hotel accommodations and even event tickets.
Travel ticket booking and reservations. Hotel booking and reservations. Provision of ground transportation through car rental service companies for clients during their stay in foreign countries.
Arranging special tours for people who wish to travel or go on vacations.
Arranging for travel insurance for their clients. Providing visa assistance and travel advisory services to clients. Providing any form of service or assistance that would improve the travel experience of clients.
Since you are interested in starting your own traveling agency, it is important to have a good grasp of what traveling agency does and how they make their money.
Of course one of the best means to know how travel agent work and make their money is to work and understudy a successful travel agent. It is easier to know the trade secret of a business when you are involved in the day — to — day running of the business; that is, when you are employed in the business.
So, if you want to know how travel agents work and make their money, your best choice is to seek employment in a traveling agency company.
Some travel agents might be creative enough to be able to create non — conventional ways of making money, which is the reason why you should understudy a successful travel agent around you. It makes it easier for you to learn the ropes before starting out as a travel agent. Now let us consider how travel agent work and how they make their money as well; a.
Travel Agent Sell Transportation Part of what travel agent do is that they sell transportation to individual who wants to travel. Most people find it easier, faster and convenient to buy their flight tickets, train tickets and ship — cruise tickets from traveling agency.
What travel agents do is that they buy this ticket at a discount price and when they sell the ticket they make their money or they enter an agreement with the transport company and they sell their tickets and make commissions as agreed.Plan examples and service plan examples are further shown in the page to serve as additional material you can base on in the making of your business plan.
Remember that there are no definitive guides in the plan examples for any business. Blank Simple business plan template can be downloaded in various formats. It is a well organized template in which you can fill details according to your type of business.
This template enables you to form an effective business plan.
Oct 03, · A Standard Business Plan Outline [Updated for ] You can click each of the above links to jump directly to that business plan section.
See an example of a completed business plan here, and learn even more about writing a business plan here. Simple business plan outline: 1. Executive summary/5(). Starting a Travel Agency – Sample Business Plan Template. UK, Nigeria, Ghana, etc. Without wasting your time, below are creative ways on how to start your own travel agency business from home with little or no money.
1. Starting an Escort Service Agency – Sample Business Plan Template. The biggest problem most entrepreneurs have with writing a business plan is that they don’t know where or how to start. If you’re one of those who’s looking for a simple, effortless and straightforward way to write a great business plan, today’s your lucky day!
This article contains a long. Designed for entrepreneurs who are itching to get started, this simple business plan template asks a handful of questions that you can easily answer in one or two sentences.