Travel agencies are relatively easy to establish as they do not require large inventories, offices can be leased in lower-rent areas, equipment can be leased, and licensing requirements are less stringent than many other professions. Given these low barriers, the number of travel agencies has grown by around 10% annually over the past two decades.
A business plan is essential for any new travel agency, particularly to obtain financial backing. It requires analyzing opportunities objectively rather than emotionally and forces entrepreneurs to consider aspects like market trends, competition, strategic growth plans, sales forecasts, licensing requirements, and conference appointments with airline associations.
Setting up a travel agency also requires considering factors like selecting an appropriate business name and location, determining ownership structure
A presentation composed of student reports and the lectures about tourist behavior for the subject Tour Guiding Services for the students enrolled in the College of International Tourism and Hospitality Management of Lyceum of the Philippines Cavite Campus
An overview of the development of the major GDS systems like Amadeus, Galileo, Sabre and Worldspan, the airline distribution model and the future of those systems.
Travel Agency & Tour Operations.Tour Operator.Travel Agent.Functions Of Travel Agent and Tour Operator.Difference Between Travel Agent and Tour Operator
A presentation composed of student reports and the lectures about tourist behavior for the subject Tour Guiding Services for the students enrolled in the College of International Tourism and Hospitality Management of Lyceum of the Philippines Cavite Campus
An overview of the development of the major GDS systems like Amadeus, Galileo, Sabre and Worldspan, the airline distribution model and the future of those systems.
Travel Agency & Tour Operations.Tour Operator.Travel Agent.Functions Of Travel Agent and Tour Operator.Difference Between Travel Agent and Tour Operator
System of Measures for Excellence in DestinationsScott Rains
SYSTEM OF MEASURES FOR EXCELLENCE IN DESTINATIONS (SMED)
Tourism destinations should sustain or enhance the geographical character of a place its environment, culture, aesthetics, heritage and the well-being of its residents.
To help bring destinations worldwide towards excellence, the World Centre of Excellence for Destinations (CED) has developed a System of Measures for Excellence in Destinations, or SMED, a unique system that focuses on short-term and long-term goals of sustainable tourism. In implementing a SMED, destinations benefit by receiving concrete and feasible recommendations for strategic interventions and continuous improvement.
The lecture on the topic "Destinations" from the Student Learning Guide of the subject Principles of Tourism II for the students of the College of International Tourism and Hospitality Management of Lyceum of the Philippines Cavite Campus.
My training during the summer internship helped me recognize how the industry functions and how it manages to provide a wide range of services to customers with varied tastes and budgets.
The main purpose of my project is to understand the functioning of a Destination Management Company and how it is able to provide services to the tourists in the other country.
System of Measures for Excellence in DestinationsScott Rains
SYSTEM OF MEASURES FOR EXCELLENCE IN DESTINATIONS (SMED)
Tourism destinations should sustain or enhance the geographical character of a place its environment, culture, aesthetics, heritage and the well-being of its residents.
To help bring destinations worldwide towards excellence, the World Centre of Excellence for Destinations (CED) has developed a System of Measures for Excellence in Destinations, or SMED, a unique system that focuses on short-term and long-term goals of sustainable tourism. In implementing a SMED, destinations benefit by receiving concrete and feasible recommendations for strategic interventions and continuous improvement.
The lecture on the topic "Destinations" from the Student Learning Guide of the subject Principles of Tourism II for the students of the College of International Tourism and Hospitality Management of Lyceum of the Philippines Cavite Campus.
My training during the summer internship helped me recognize how the industry functions and how it manages to provide a wide range of services to customers with varied tastes and budgets.
The main purpose of my project is to understand the functioning of a Destination Management Company and how it is able to provide services to the tourists in the other country.
ONLINE TRAVEL - Người dùng và hoạt động Online Marketing Xuân Lan Nguyễn
ONLINE TRAVEL - Người dùng và hoạt động Online Marketing.
Phần 1: Online Tour Booking
Báo cáo được xây dựng bởi Moore Corporation, với sự cộng tác dữ liệu với iTracker và Datasection cùng sự hỗ trợ truyền thông của Digitalk và Brandsvietnam.
Đây là báo cáo thứ 8 trong chuỗi Digital Activities Report theo ngành của Moore Corp kể từ ngày đầu tiên công bố vào tháng 08 năm 2014.
Chúng tôi rất hoan nghênh mọi sự đóng góp của độc giả về Digital Activities Report để chúng tôi có thể hoàn thiện hơn nữa.
Xin chân thành cảm ơn.
Nhóm thực hiện.
Airlines, tourism & hospitality management instituteitft college
Airlines, Tourism & Hospitality are the major international industries essential for National & Regional Economic Development. This advanced program focuses on the understanding of the Airlines, Tourism & Hospitality Industry with detailed operational aspects through projects, presentations, selective case studies & discussions, besides regular sessions.
Plan de negocio para la creación de una Agencia de Viajes en MadridJuan Archanco
Plan de negocio para la creación de una Agencia de Viajes en Madrid. CONTENIDO:
1. JUSTIFICACIÓN DEL ENTORNO 2
a. SOCIO ECONÓMICO 2
b. POLÍTICO-LEGAL 4
c. TECNOLÓGICO 6
2. VIABILIDAD COMERCIAL 6
a. MERCADO 6
b. MARKETING MIX 7
c. PREVISIÓN DE VENTAS 8
3. VIABILIDAD TÉCNICA 8
a. TECNOLOGÍA 8
b. MATERIALES 8
c. PROCESO DE PRODUCCIÓN 8
d. LOCAL 8
e. RECURSOS HUMANOS 8
f. COSTES 8
4. VIABILIDAD ECONÓMICO-FINANCIERA 9
a. INVERSIÓN-FINANCIACIÓN 9
b. TESORERÍA 9
c. CUENTA DE RESULTADOS Y BALANCE DE SITUACIÓN 9
d. RENTABILIDAD 9
5. TRAMITES DE CONSTITUCIÓN (en la comunidad de Madrid) 9
6. CRONOGRAMA 13
Bibliografía 14
A business plan is an essential document for anyone commencing a new business, already in business and critical for anyone seeking funding from a venture capitalist. The business plan needs to be
comprehensive, well thought and should contain sound business reasons.
Create & Sell UNLIMITED high-converting graphics in ANY NICHE using the POWER of 10 SMART Tools that covers all the graphic design needs under the sun!
Better Business Planning: Your Comprehensive Guide to Building Success
Introduction:
Embarking on a new business venture or seeking to elevate an existing one? Whether you're a budding entrepreneur or aiming to secure funding from venture capitalists, the importance of a well-crafted business plan cannot be overstated. Welcome to "Better Business Planning," an e-book that serves as your indispensable guide to creating a comprehensive, thoughtful, and compelling business plan. Here, you'll find all the essential information you need to transform your business vision into a strategic roadmap for success.
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Building a business plan goes beyond mere documentation; it requires a comprehensive and well-thought-out approach. This chapter delves into the key components that make a business plan effective. From market analysis to financial projections, every aspect is explored to ensure your business plan is not only thorough but also resonates with clarity and purpose.
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Success hinges on sound business reasons, and your business plan is the platform to articulate them effectively. This chapter explores the art of presenting compelling reasons for your business's existence, growth, and potential success. By understanding how to convey your ideas with conviction, you'll be better equipped to engage potential investors and stakeholders.
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Introducing Superior Business Planning —How to Develop a Successful Business Plan. Inside this eBook, you will discover the topics about business planning basics, market evaluation, analyze competition, determine a marketing strategy, decide what extras you may need like staff etc and the dangers in not making a business plan.
There should be an executive summary of less than two pages at the
start of the business plan which sells the plan and highlights its
features.
A company summary should be included containing a factual
description of the company, its owners and history. There needs to be
a section referring to products and or services and their points of
difference in the market.
The Business plan - Management business
materi ini adalah materi kuliah kami di kampus pencetak pengusaha yogyakarta, bagaimana cara kita membuat bisnis plan dengan benar untuk membangun sebuah bisnis yang mampu bersaing di pasar global international. bisnis yang berjalan tanpa di awali dengan Planing yang benar maka lambat laun akan mati dengan dengan sendirinya.
Desa Wisata adalah desa yg mempunyai keunikan dan daya tarik wisata. Bukan dimiliki oleh seseorang, tapi dimiliki oleh masyarakat setempat. That is Desa Wisata
Assessing the Influence of Transportation on the Tourism Industry in Nigeriagsochially
This research dissertation investigates the complex interplay between transportation and the tourism industry in Nigeria, aiming to unravel critical insights that contribute to the enhancement of the overall tourist experience. The study employs a multi-faceted approach, literature review establishes a robust theoretical framework, incorporating The Service Quality and Satisfaction Theory to guide the research questions and hypotheses.
The methodology involves the distribution of a structured questionnaire, ensuring a representative sample and facilitating a comprehensive analysis of the gathered data.
Key findings include the nuanced perceptions of transportation infrastructure adequacy, safety and security concerns, financial influences on travel decisions, and the cultural and ecological impacts of transportation choices. These findings culminate in a comprehensive set of recommendations for policymakers and practitioners in the Nigerian tourism industry. The findings contribute to the existing literature by providing actionable insights for policymakers, stakeholders, and researchers in the Nigerian tourism sector.
The recommendations encompass gender-sensitive planning, infrastructure enhancements, safety measures, and strategic interventions to address financial constraints, ensuring a holistic and sustainable development of the tourism industry in Nigeria.
Author: Imafidon Osademwingie Martins
The Power of a Glamping Go-To-Market Accelerator Plan.pptxRezStream
Unlock the secrets to success with our comprehensive 8-Step Glamping Accelerator Go-To-Market Plan! Watch our FREE webinar, where you'll receive expert guidance and invaluable insights on every aspect of launching and growing your glamping business.
Hidden Gems of Europe - DISCOVERING THE CONTINENT'S BEST-KEPT SECRETSKamil Uğraş TÜRKOĞLU
Europe, continent rich in history, culture, and natural beauty, is often synonymous with famous cities like Paris, Rome, and London. These iconic destinations attract millions of tourists every year, captivating them with their renowned landmarks, vibrant culture, and bustling urban life. However, beyond these well-trodden paths lie countless hidden gems waiting to be discovered. These lesser-known destinations offer unique experiences, authentic encounters, and breathtaking landscapes that often surpass the allure of their famous counterparts.
In "Hidden Gems of Europe," we embark on a journey to uncover these secret spots, exploring the heart and soul of Europe through its quaint villages, charming towns, and secluded natural wonders. This book aims to inspire travelers to look beyond the obvious and venture into the lesser-explored corners of the continent, where true adventure and discovery await.
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During the coldest months, Italy transforms into a winter wonderland, providing visitors with a very unique experience. From the Settimana Bianca ski event to the lively Carnevale celebrations, Italy's winter festivities provide something for everyone. Enjoy hot cocoa, eat hearty comfort foods, and buy during winter deals. Explore the country's rich cultural past by participating in Settimana Bianca, and Carnevale, sipping hot chocolate, shopping during winter deals, and indulging in winter comfort foods. Visit our website https://timeforsicily.com/ for more information.
Antarctica- Icy wilderness of extremes and wondertahreemzahra82
In this presentation, we delve into the captivating realm of Antarctica, Earth's southernmost continent. This icy wilderness stands as a testament to extremes, with record-breaking cold temperatures and vast expanses of pristine ice. Antarctica's landscape is dominated by towering glaciers, colossal icebergs, and expansive ice shelves. Yet, amidst this frozen expanse, a rich tapestry of unique wildlife thrives, including penguins, seals, and seabirds, all finely attuned to survive in this harsh environment. Beyond its natural wonders, Antarctica also serves as a vital hub for scientific exploration, providing invaluable insights into climate change and the Earth's history
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Wayanad-The-Touristry-Heaven to the tour.pptxcosmo-soil
Wayanad, nestled in Kerala's Western Ghats, is a lush paradise renowned for its scenic landscapes, rich biodiversity, and cultural heritage. From trekking Chembra Peak to exploring ancient Edakkal Caves, Wayanad offers thrilling adventures and serene experiences. Its vibrant economy, driven by agriculture and tourism, highlights a harmonious blend of nature, tradition, and modernity.
1. Page 1
Travel agencies were and remain relatively easy to established for the
following reasons:
a. No product or raw material inventory is required
b. Offices can be leased, often in lower-rent areas
c. Office equipment can be leased
d. Business can be operated at a comparatively lower “break event
point”
e. Licensing requirements are far less stringent than for many
professions (for example medicine, dentistry, law, accounting)
Given these factor and the perceived benefits of working in the
industry, it little wonder that, despite fierce competition, growth in the
number of travel agencies has remained close to 10 percent per year
over the past two decades.
Travel Agency Management
2. Page 2
Need for a business plan
Planning is a major key to success for any travel agency, particularly a
newcomer. A business plan is essential for several reasons.
A financial backer assumes willingness to accept risk based on
a. The reputation of the applicant and his or her experience in the
travel agency industry
b. The applicant’s success and reliability in previous business
undertakings
c. The personal financial net worth of the applicant
d. Assessment of the applicant’s business plan.
Anyone planning to open a travel agency is likely to be optimistic about
future success, but often the decision is based on emotional reasons
rather than objective analysis. A business plan forces the entrepreneur
to analyze the opportunity from a business perspective and possibly
avert potential disasters. After analyzing the situation, some may
decide not to enter the travel agency business.
4. Page 4
The business plan is essentially a plan of operation, providing all
the information necessary to run the business. Specific components
of the business plan include:
Name of agency
Ownership
Location and building
Philosophy and mission statement
Industry and market analysis
Strategic plan
Sales forecast
Licenses and certification
Conference appointment
5. Page 5
Name of Agency
It is important to select a name that has the following attributes:
It is easily remembered by clients.
It is easily pronounced
It is easily spelled and written
It looks impressive in print and on signs
It reinforces the desired image
It has permanence and is no trendy
It does not infringe upon the name of others and is not the
same
name as previous unsuccessful agency
On this last point, it is important to ensure that the proposed
name can be legally used and is not already the possession of
another person or business. This requires checking with the
state’s incorporation department.
6. Page 6
Ownership
Serious consideration must be given to the issue of ownership,
which may be in the form of an individual proprietorship, a
partnership, a limited partnership, or a corporation
Location and Building
A business plan includes a description of the location and the
building where the agency will be housed. Location can be critical factor
if walk-in traffic is expected. A ground floor location with a good window
area for displays, as well as location in a busy commercial area, is
essential to attract walk-in (it is mandatory in some countries). If walk-
in traffic is not an issue, allocation that requires lower rent and
maintenance may be suitable. Other factor to consider include adequate
parking, the number of other travel agencies located in the immediate
area, and proximity to business and middle and upper class
neighborhoods. Both location and the building itself must match the
objectives of the agency
7. Page 7
Philosophy and mission statement
Successful business ventures operate under a statement of what
the business is intended to be and philosophical statement
concerning how the business will be operated, and these need to
be clearly thought out and written as a guide.
A. Industry and Market analysis
The business plan should include a description and analysis of
the travel agency industry. A good analysis requires interviews
with knowledgeable persons from associations that represent
travel agencies, suppliers such as hotel and airlines, government
agencies, and competitor. The analysis of the industry will
provide a “macro” perspective and enable an entrepreneur to
understand important trends and possible opportunities.
8. Page 8
An analysis of the local market should contain the following:
a. Competition, all competitors, including nontraditional travel agents
such as discount travel agencies and department store travel club,
should be describe.
b. Market Trends. It is critical to have a clear understanding of the
local market and how it is changing.
c. Market Segments. Travel agency are increasingly being forced to
find market niches rather than attempting to serve the entire
general public as well as the commercial sector. Travel agencies
have been successful in selecting specialized market niches such as
an ethnic market or the religious market.
d. Barriers to entry, Barriers to entry exist in some markets. The
existence of too many large travel agencies or lack of affordable
office space in good location might prove to be significant barriers
and should be considered in the local market analysis.
9. Page 9
Strategic plan
Based on the industry and market analysis and the overall goals for
the agency, a business strategy must be selected. Strategy entails how
best to utilized limited resources to maximize profits and obtain other
agency goals given the environment and the competition. Strategic
planning then can be defined as the determination of the future
status of the business with specific reference to its product, its
profitability, its size, its rate of innovation, and its relationship with
owners, managers, employees and so on. The process of planning
assists travel agency management in reaching better decision
regarding all aspect of operation :
Product-Market Matrix, The product-market matrix is a major
component or outcome of the agency’s strategic planning. The matrix
identifies which product the agency will be selling and whom they will
be sold.
10. Page 10
Environmental Forecast.
Forecast of the future environment are a major basis of planning
and should be made explicit during the planning process.
Forecasting of collecting data can be measured by Delphi method,
Regression or other.
Growth Directions.
For both short-term and long-term planning, agency management
should determine future growth directions and the resources this will
require. There are basically three options available to agencies
seeking growth: market expansion, product expansion and vertical
integration.
Market expansion involves selling existing products to new market.
Product expansion means adding new product compatible with the
agency’s existing product line. For a strictly retail agency, vertical
integration involves expanding beyond retailing activities.
11. Page 11
Sales forecast
A travel agency business plan should include an estimated sales
forecast for each month of the year. Sales are likely to fluctuate quite
drastically between months and seasons, depending upon the location of
the agency and its clientele. Financial projections and determination of
future cash flows are based on these monthly estimates; therefore, the
sales forecast must be realistic. Sales forecast should include revenues
from all possible sources.
Licenses and Certification
To open a travel agency, individuals are not required to hold a college
degree or a professional certification. But must follow the rules which has
been stated by local government (ASITA). There are some requirements
for whom that work as a clerk or front liners (staff) in Travel Agency. The
requirement is the staff must have a certification standard that issued by
ASITA.
12. Page 12
Conference Appointment
Travel agencies are required to obtain appointment from
associations representing international and domestic airlines.
Appointment authorize travel agencies to serve as sales agents for
carriers and allow the agencies to write tickets and collect
commission from the carriers.