Travel is a whopping $8 Trillion a year industry. It contributes in no small way to the economy and GDP of any country.
And travel is not expected to reduce anytime soon.
Even though there are well established multi-billion dollar companies in the travel industry, there are still great open doors for the individual player, businessman or woman, opportunity seeker and small scale business person or business owner to exploit this industry.
Today, I present you 8 solid business ideas and opportunities in the travel industry.
As always, we expect you to take the listing here with a pint of salt. Do your own due diligence and should you need the services of DanielDigest experts, we’re always available.
Business Ideas and Opportunities in the Travel Industry.
1.Small,Medium or Full Scale Travel Agency.
A Travel Agent provides travel information and makes travel arrangements for all modes of transportation, accommodation and tours.
Even though many people will research their travels, 65% of the people end up using a travel agent in one way or another to make their bookings and final arrangements.
This is the reason we have multi million dollar companies in the travel industry. However, there is room for anyone to start this business as it does not require much capital to venture into.
Asa matter of fact, you can start as a virtual travel agency where your main office is online.
You can coordinate with travel agencies and inform them that their transportation is available for tours and the likes. Agencies are always on the lookout for sub-contractors in the destinations of their tour packages. You can fit in here if capital is a challenge for you.
Do you want help with starting a travel agency? Click Here
2. Travel Blogging
If you have a good knowledge of the travel industry, but do not want t get involved too much physically, you can start your own online travel guide or blog.
Armed with the right information, some marketing skills and a laptop; you can position as an authority travel blogger.
In fact, if you work very hard, you can pull in some heavy profits from advertisers and affiliate programs.
This is a highly recommended travel business model.
3. Taxi Business
Though it may sound scary in today’s society, taxi this business can indeed be fun and profitable enough for anyone.
With some more creativity you can even create a simple online contact and booking system that enables people to call you and book for a drop.
Who knows, you may end up requiring more taxis in the future to signup with your taxi business.
4.Tour Guide or Operator Business
The Tour Operator leads tours to destinations, cities, landmarks and tourist attractions.
Some Tour Operators package their own products and some specialize in certain areas like cruising, campervans or adventure tours.
This can be an exciting career and business path – be it on the road showing travelers the hot spots, or creating the tours that customers will love.
For many this can be an exciting sector to explore whilst exploring the world yourself!
5 Travel Directory
A directory is a comprehensive listing of several businesses and services within a particular sector.
Knowing fully well that there are thousands of hefty players in the travel industry,one can create a directory system to list these companies and services so that users can gain easy access to them by locality or whatever.
The directory can be made online or offline or better, both ways.
Don’t be deceived, if your directory is popular, you’ll regularly land huge offers and advert deals from the players.
6. Customer Review Business System
This is another business opportunity I can see in the travel industry.
It involves creating a platform for users to share their experiences with the travel operators and or the places they have traveled to.
Websites like www.tripadvisor.com and several others are huge today and are now big businesses to reckon with in this model.
The trick is make the project popular using every method you can think of and players will run after you for deals.
The review system is best online,but could be better with the provision of quarterly publication to be distributed around hotels, transport and travel companies around.
7. Hotel Guide/Assistant.
Similar to Tour Guide, the hotel assistant is one other lucrative aspect to launch into. This involves helping traveler to secure and book hotels in advance.
With a good thinking and negotiation,one can land good deals and commission cuts from the hotel owners on every booked guest.
8. What’s that in Your Mind?
That’s right! If you are reading this article,it means there’s something going on in your mind…an idea…something you’re thinking about.
So what’s that? We could include that idea here.
What Next?
Yes, the travel industry is crowded with well established companies,right?
That’s for sure, but you shouldn’t be afraid to start a new business in a well-established market.
Internet already had Yahoo! and Altavista when Google appeared. Where’s Altavista now?
If you’re good at it, you can do better. Besides, a niche business is also not a bad idea. Not bad at all
Let’s talk. Use the comment section below.
Cheerio!
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One Comment
Amelia
Launching your own travel affiliate online website is also a very good business idea in travel industry. As travel is a huge industry, so the profits in this business is for sure. TravSell’s starter affiliate program is available for $195, and promises good return on investment.