Travel agency business plan: needed or not?

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Few people don't like to travel. And the majority of citizens at least once a year, but finds the opportunity to have a good rest. And this holiday is often carried out abroad. Therefore, starting your own travel agency can be a very lucrative business. You can, of course, become a tour operator, but this is more expensive, because in this case you will have to find and develop new routes. And if 15 years ago any trip to Turkey or the Emirates was considered almost a unique vacation, today even the most remote corners of the globe

Few people can be surprised. Therefore, it will be easier to sell a ready-made tourist product. Your commission as a travel agent will be 10-15% of each package sold.

To get started, you must first draw up a business plan for a travel agency. It must be worked out with the utmost care. It should provide for everything to the smallest detail, starting with directions andending with calculations of profit and even possible losses. It is necessary to take into account seasonality. Indeed, in some countries it is best to travel in the summer, in some - in the winter. Try to think over the travel agency business plan in such a way that your company, if possible, opens shortly before the May holidays. After all, the competition is huge, and more well-known and established companies can “swallow” a newcomer at the very beginning. It has long been known that the most active people go to resorts in the summer. And if you don't want your firm to completeby February

your existence, try to accumulate a financial reserve during the spring-summer, which is enough to survive the winter. Only in this way will you be able to “roll out” and get the expected results.

Write down all the important points in the business plan. Please note that during the holidays, the demand for vouchers also increases, especially on New Year's Eve, March 8, May holidays. The clientele can also be very different: from business people and individual tourists to corporate customers. It is very important to know as much information about competitors as possible, so it will not be superfluous to monitor their activities, study the service, quality and cost of services, customer reviews.

What else should your travel agency business plan contain? Of course, goals and objectives. The main goal of the company is to maximize profits. This cannot be done right away, so it would be good to describe the stages that contribute to the increase in capital, and indicate specific deadlines that you must meet by all means,if you don't want to burn out. First, you need to at least recoup the initial investment, so start your work by selling the most popular destinations. It is desirable to choose the best tour operator. Advertising plays a very important role, so you should not feel sorry for it financially either

funds. Your mission is to provide high quality services at affordable prices. Make a name for yourself.

Also, the business plan of a travel agency may contain additional services that you are ready to provide on your own, without the participation of an operator. For example, you can book hotels and tickets, organize business trips, excursions, engage in domestic tourism (that is, within your city or country). Do not underestimate the importance of creating a business plan, because only by strictly following it will you be able to stay on track in the first year of operation.