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.