Do you wish to start a tour and travel related business? Think of going for a franchise of a established brand as it reduces risks and could be more profitable.
It could be a business trip or just a little excuse to chase an escape from the boring and chaotic life – it is just that people are travelling to distant lands on several occasions, which has given a huge rise to the global tourism industry. Talking about India, in general, tourism plays a huge role in the nation’s economy as India is ranked 3rd among 185 countries in terms of travel and tourism’s total contribution to GDP in 2018, as per sources. The potential of India’s tourism industry has created many avenues for entrepreneurship, giving a hard push to the aspiring lot of entrepreneurs.
Do you wish to start a tour and travel related business? Think of going for a franchise of a established brand as it reduces risks and could be more profitable. Here is a list of travel and tourism related franchises you can invest in.
Travel Assistance and Distress Management
It is not an easy task to travel in an unknown country without having an assistance of any kind. There could be so many concerns of a tourist while in travelling in a new country, say, baggage safety, medical emergencies, altercation, theft, and transit etc. To cater to these concerns, tourists often subscribe to travel assistance and distress management services such that they have a hassle-free trip throughout.
Travel assistance and distress management services are gaining a lot of popularity among the tourists and that’s why it’s been recognised as a burgeoning segment. Franchise opportunities in this segment are increasing with the increasing demand. India Assist, one of the leading names in travel assistance, has been recognised as the Opportunity of the Year by Franchise India 2019.
A home-grown brand, India Assist works as first-call assistance for any foreigner needing assistance, channelized through mobile application. It acts a mediator between the tourists (who needs assistance) and the mode through which they can get the solution.
A travel agency is a service provider that provides services to the public on behalf of suppliers such as booking airlines, hotels, railways, travel insurance and package tours. In a travel agency business, one can also specialise in separate departments devoted to making travel arrangements for different target audience such as business travellers, domestic travellers and commercial travellers.
Many top class travel agencies also opt for franchise route while expanding their business across different markets. A travel agency franchise can be owned in a small investment of Rs 50,000 to Rs 2 Lakhs in India.
Package Tour Operator Service
Many travellers plan to go for a ‘vacation-trip’ on festive seasons or holiday season. People often prefer to go to a package tour where the tour operator arranges some of the thrilling tours and creates different types of package tours for different lot of people. In such trips, tourists are provided with a complete package of certain days (a 3-nights-2-days package of Triund Trek, for instance) and all the planning and arrangements are taken care of by the operators. Tourists do not have to plan the trip but only has to pay for the package.
Package tours are very lucrative for tourists and hence most of them often opt for attractive packages. As a consequence, package tours franchises are growing fast in number. Zel Travels provides you with franchise opportunities in a range of Rs 2-5 lakhs and ensures 90% ROI.
Online Travel Services
With the growing intervention of internet in so many fields, it is obvious that the internet services will disrupt the tours and travel services’ market. Online travel services like Make My Trip are gaining a lot of traction in the recent times as it helps customers save their efforts and time. They often prefer surfing on the internet to buy the best deals for their trip to abroad instead of visiting their local agents. That’s why online travel services emerge as one of the top business opportunities of today’s time.
An online travel service franchise can be owned in an investment of about Rs 25,000 to Rs 50,000.
Vehicle Rental Services
Many travel agents connect with vehicle rental services to make a smooth arrangement of their clients’ transit throughout the trip. And many a time, customers themselves prefer renting a vehicle for a road-trip. In both the cases, vehicle rental services have become the need of the hour. Vehicle rental solutions can work for cab owners, travel agencies, end-customers as well as travel companies.
Vehicle rental service franchises are also increasing because of the increased tourism in India. A vehicle rental franchise can be owned in an investment of about Rs 50,000 to Rs 2 lakhs and serves as a lucrative business opportunity for travel enthusiasts.
Want to invest in a Tour and Travel franchise? Visit Franchise India 2019, Asia’s Biggest Franchise & Retail Show, and give wings to your entrepreneurial dreams.