Open your travel agency like this
The craze of traveling to new places is increasing among young people in India. Due to mountains, sea, desert, historical places and diverse culture, the travel industry in the country is growing rapidly. This is the reason why many people today are thinking of converting this hobby of traveling into a business.
If you also want to make good money while making people’s holidays special, then travel agency work can be a great opportunity for you. This business is not only growing rapidly, but can also be started at low cost with proper planning and registration.
Registration to open a travel agency?
The first step in starting a travel agency is to decide what type of company you want to create. Whether you choose Sole Proprietorship, Partnership or Private Limited Company, this decision impacts your legal responsibilities and business expansion in the future. After deciding the structure of the business, you have to register it under the Registrar of Companies (ROC).
If your agency will also provide train and bus ticket booking, then IRCTC agent registration is also required. It gives official identity to your business and gives you authorized facility of ticket booking.
Registration in Ministry of Tourism is also important
Apart from this, registering with the Ministry of Tourism, Government of India is also an important step. This recognition increases the credibility of your agency and customers plan travel with you with more confidence. This registration happens online, and the entire process is easy and transparent. This certificate makes your agency government recognized, which further strengthens your image in the market.
How much will it cost?
The expense of a travel agency depends on what level you want to start it. If you want to run a small online travel agency from home, where services like hotel booking, flight ticketing and travel packages are provided only digitally, the initial setup cost can range from Rs 50,000 to Rs 1,00,000. In this model, office rent does not have to be paid and only necessary software, website, marketing and system setup are spent.
Also read:
Railways strengthened ticket booking system, closed 3.02 crore fake IDs
If you are thinking of opening a traditional offline agency, where customers can directly come to your office and book packages, then the expenses increase slightly. For a small or medium office, if you add the expenses of rent, interior, employee salary and promotion, it can cost around Rs 2,00,000 to Rs 5,00,000.
Whereas, if you want to start a big travel agency or take a franchise of a big brand, then the budget can reach Rs 5,00,000 to Rs 20,00,000. This model includes international accreditation like IATA, professional team, larger setup and more services.
Overall a great business opportunity
Today the travel industry is growing rapidly and people are traveling more than ever before. In such a situation, travel agency is such a business which can be started at low cost and earn good profit. Right registration, right strategy and good service can soon get you recognized in the market.