Travel Franchise: An Exciting Business Opportunity

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Travel Franchise: An Exciting Business Opportunity

Posted On : Nov-25-2011 | seen (142) times | Article Word Count : 1129 |

The growing Indian travel and tour industry is likely to spawn US $ 128 billion by 2016.Generally people consult the travel agency to plan the trip as they need advice regarding their tour.

The growing Indian travel and tour industry is likely to spawn US $ 128 billion by 2016.Generally people consult the travel agency to plan the trip as they need advice regarding their tour. Many travel agents work for the travel agency. The travel agent is extremely knowledgeable on several tourist locations and destinations. A great way to make a fortune in travel industry is to own a Tour and Travel Franchise.

As per estimates, the industry growing at rate of 8.1 percent per annum will expressly pitch in two per cent in the GDP for 2011-2021 and its total contribution is pegged at 4.5 per cent of GDP. Further, the annual growth rate of the industry is expected to be 8.8 per cent for 2011-21 comprising 4.9 per cent of GDP.

Franchise in Travel Industry:

The above numbers are a testimony that travel business is booming and with the thriving Indian economy, rising and discerning middle class has increased its revenues. The current travel scenario with escalation in both the inbound and the out bound travel offers optimum opportunity to cash in the scope of the industry by owning a franchisee of a well-known brand of the travel industry and earn profits by operating a lucrative business.

Prominent Key Players That You Can Consider For Travel Franchise in India.

A few well known travel agent franchise and online travel franchise that are offering travel franchise opportunities in India are PrimeTravels.com, Ease My Trip, Raj Travel World, MakeMyTrip.com, Travel Tours, Go World Holidays, Arzoo.com, Cox & Kings, Thomas Cook India, Club Mahindra Holidays and many more. These companies provide their franchisees with a number of facilities that include:

• Complete operational support

• Management skills to manage the travel business effectively

• Access to the inventory and technological facility

• And several other support, marketing, and guidance depending upon the travel franchise that you choose.

If you are looking at a Travel Franchise India or a Franchise for Travel Agency in India or a corporate Travel Company Franchise, either ways the above options could be helpful.

Travel Franchise Investments and Costs.

Travel franchise opportunities differ in investment costs. Leasing retail space to operate a travel business is costlier than working out of your home. It may require additional employees and equipment to operate a physical retail location, which will significantly increase costs. As the parent company will provide the training for you, so in some cases, no industry experience is required. For example, the parent company will provide training on their flight booking system that you can operate from your home. If you plan on operating a physical retail location, more travel experience may be required. This is because customers may want to come in and discuss with you about certain tours. You may not receive their business if you are not knowledgeable about some aspects of their tours.

A travel agency franchise provides its customers with almost all the necessary things that one would require on a trip. This includes holidays, business trips, hotel bookings, foreign exchange and medical facility. Apart from this, there are few agencies that help their clients in insurance or visas access. Networking is the key to succeed in travel agency business as everything is done through contacts, be it hotel booking, reservation of airways or train or bus tickets and so on.

It is generally very exciting to operate a tour and travel franchise in India. The travel industry generates lots of money every year as majority of people enjoy traveling. For your home and for physical retail stores there are travel franchise opportunities in India that exist. As operating a physical retail store can be quite expensive, it all depends on how much money you want to invest in your business.

Benefits of Travel Agency Franchise:

Taking the franchise of a well-established travel agency guarantees a number of benefits:

• A well-recognized brand name is one of the notable benefits of franchising. As it is already accepted by the customers, therefore, you can easily earn a share in the market rather than investing years in establishing it.

• Another advantage of taking up franchising business model is that the franchisees get the help and support of a franchisor. The franchisor usually provides all his franchisees with full support by providing them with railway and airway links, interior designing of the office, accounting packages, and setting up a complete travel business.

• The franchisor also trains his franchisees in terms of technological proficiency as these days travel agencies offer the transaction through credit cards and online services. This helps them do the online booking and ticket cancelling in fraction of seconds.

• The other benefit that a franchisee enjoys is the marketing support from the franchisor. These days, online marketing is the latest trend, so the franchisors help their franchisees in promoting the business not just locally but online as well.

Is A Travel Franchise In India The Right Opportunity For You:

Most of the franchised travel agencies generate profits. All you need to do is to offer your clients with a reasonable and affordable fare along with a world class service to gain loyalty of your clients. So, grab this highly beneficial opportunity that gives you enough margins to make profits. Ensure that you don’t get stuck in the debt trap, as giving debt to customers who do not pay up eats away your entire profitability.

The numbers of people, who love to explore the world and have the resources, are increasing daily. The travel industry is emerging as a big business today. Different countries have different culture, different history and lot more to share with the world. Usually to plan the trip, people need an advice and they consult the travel agency. A travel agency has so many travel agents who work for them, who are trained and are equipped to offer the relevant advice. They have all the knowledge of tours and destinations. The one who has an inclination towards travelling, or who the new places magnetize can think of making his/her career in the travel industry. The other way of making career in travel industry owns a travel franchise.

Today a lot of traveling agencies are offering the travel franchise opportunity for those who really want to make a career in this field. For establishing the franchise you just need a place that can be your home or it can be some rented place. For opening you can contact the travelling company and let open the franchise. Travel industry is the most profit generating industry from long ago.

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<h1>Travel Franchise: An Exciting Business Opportunity</h1> Author: <a href='http://www.articleseen.com/profile_Grahame Clark.aspx'>Grahame Clark</a> The growing Indian travel and tour industry is likely to spawn US $ 128 billion by 2016.Generally people consult the travel agency to plan the trip as they need advice regarding their tour. Many travel agents work for the travel agency. The travel agent is extremely knowledgeable on several tourist locations and destinations. A great way to make a fortune in travel industry is to own a Tour and Travel Franchise.

As per estimates, the industry growing at rate of 8.1 percent per annum will expressly pitch in two per cent in the GDP for 2011-2021 and its total contribution is pegged at 4.5 per cent of GDP. Further, the annual growth rate of the industry is expected to be 8.8 per cent for 2011-21 comprising 4.9 per cent of GDP.

Franchise in Travel Industry:

The above numbers are a testimony that travel business is booming and with the thriving Indian economy, rising and discerning middle class has increased its revenues. The current travel scenario with escalation in both the inbound and the out bound travel offers optimum opportunity to cash in the scope of the industry by owning a franchisee of a well-known brand of the travel industry and earn profits by operating a lucrative business.

Prominent Key Players That You Can Consider For Travel Franchise in India.

A few well known travel agent franchise and online travel franchise that are offering  travel franchise opportunities in India are PrimeTravels.com, Ease My Trip, Raj Travel World, MakeMyTrip.com, Travel Tours, Go World Holidays, Arzoo.com, Cox & Kings, Thomas Cook India, Club Mahindra Holidays and many more. These companies provide their franchisees with a number of facilities that include:

• Complete operational support

• Management skills to manage the travel business effectively

• Access to the inventory and technological facility

• And several other support, marketing, and guidance depending upon the travel franchise that you choose.

If you are looking at a Travel Franchise India or a Franchise for Travel Agency in India or a corporate Travel Company Franchise, either ways the above options could be helpful.

Travel Franchise Investments and Costs.

Travel franchise opportunities differ in investment costs. Leasing retail space to operate a travel business is costlier than working out of your home. It may require additional employees and equipment to operate a physical retail location, which will significantly increase costs. As the parent company will provide the training for you, so in some cases, no industry experience is required. For example, the parent company will provide training on their flight booking system that you can operate from your home. If you plan on operating a physical retail location, more travel experience may be required. This is because customers may want to come in and discuss with you about certain tours. You may not receive their business if you are not knowledgeable about some aspects of their tours.

A travel agency franchise provides its customers with almost all the necessary things that one would require on a trip. This includes holidays, business trips, hotel bookings, foreign exchange and medical facility. Apart from this, there are few agencies that help their clients in insurance or visas access. Networking is the key to succeed in travel agency business as everything is done through contacts, be it hotel booking, reservation of airways or train or bus tickets and so on.

It is generally very exciting to operate a tour and travel franchise in India. The travel industry generates lots of money every year as majority of people enjoy traveling. For your home and for physical retail stores there are travel franchise opportunities in India that exist.  As operating a physical retail store can be quite expensive, it all depends on how much money you want to invest in your business.

Benefits of Travel Agency Franchise:

Taking the franchise of a well-established travel agency guarantees a number of benefits:

• A well-recognized brand name is one of the notable benefits of franchising. As it is already accepted by the customers, therefore, you can easily earn a share in the market rather than investing years in establishing it.

• Another advantage of taking up franchising business model is that the franchisees get the help and support of a franchisor. The franchisor usually provides all his franchisees with full support by providing them with railway and airway links, interior designing of the office, accounting packages, and setting up a complete travel business.

• The franchisor also trains his franchisees in terms of technological proficiency as these days travel agencies offer the transaction through credit cards and online services. This helps them do the online booking and ticket cancelling in fraction of seconds.

• The other benefit that a franchisee enjoys is the marketing support from the franchisor. These days, online marketing is the latest trend, so the franchisors help their franchisees in promoting the business not just locally but online as well.

Is A Travel Franchise In India The Right Opportunity For You:

Most of the franchised travel agencies generate profits. All you need to do is to offer your clients with a reasonable and affordable fare along with a world class service to gain loyalty of your clients. So, grab this highly beneficial opportunity that gives you enough margins to make profits. Ensure that you don’t get stuck in the debt trap, as giving debt to customers who do not pay up eats away your entire profitability.

The numbers of people, who love to explore the world and have the resources, are increasing daily. The travel industry is emerging as a big business today.  Different countries have different culture, different history and lot more to share with the world. Usually to plan the trip, people need an advice and they consult the travel agency. A travel agency has so many travel agents who work for them, who are trained and are equipped to offer the relevant advice. They have all the knowledge of tours and destinations. The one who has an inclination towards travelling, or who the new places magnetize can think of making his/her career in the travel industry. The other way of making career in travel industry owns a travel franchise.

Today a lot of traveling agencies are offering the travel franchise opportunity for those who really want to make a career in this field. For establishing the franchise you just need a place that can be your home or it can be some rented place. For opening you can contact the travelling company and let open the franchise. Travel industry is the most profit generating industry from long ago.
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Category : Travel and Leisure : Travel and Leisure

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