In India, the travel and tourism industry is one of the largest and most significant employment generators. According to the UNWTO’s World Tourism Organization (UNWTO), the travel and tourism industry offers 6-7 percent of the world’s total jobs directly and much more indirectly through the multiplier effect. Mong 184 countries in terms of GDP contribution and the tourism industry, the travel and tourism industry in India is ranked 12th, and the tourism industry in India is set to grow at 7.8% per year during 2013-2023.
Tourism is growing at a rate of 14% annually. It is quite a popular business in India, even if you don’t consider Travel Business Opportunities. Travel agencies are highly profitable when done right. The licensing of all tour operators/travel agents/excursion agents/tourist transport operators will be mandatory, and no one can operate in the NCT of Delhi without a license, irrespective of the size of the business turnover.
The process of becoming a travel agent is straightforward, as you require a high school diploma. However, many employers prefer additional formal training along with good communication and computer skills among travel agency applicants. Moreover, it is always preferable for an employer to have a college degree and a certificate in Travel and Tourism.
Detailed Procedure To Start a Travel Business in India
- Step 1: Decide on your company’s name. Give our travel agency a unique name that is not similar to or identical to any other company. Register the name with the Ministry of Corporate Affairs. Check your company name availability here.
- Step 2: Register a Trademark Name for your company.
- Step 3: After registering your company name, immediately book a domain name for your travel agency. He will create an online presence for your company and will help you start an online travel agency in India.
- Step 4: Register your company as a private limited company, Limited Liability Partnership (LLP), or One-Person Company (OPC). A private limited company is a must for entrepreneurs who plan to offer their services online.
- Step 5: Get a GST registration for your company.
- Step 6: Register for a current bank account in your company name.
- Step 7: Decide where you want your office to be nd get a laptop, phone, and Wi-Fi connection.
- Step 8: Decide on the product for which you want a deal, such as Visa, forex, domestic packages, international packages, MICE, Air tickets, or Hotels.
- Step 9: You need a Global Distribution System(GDS)to sell air tickets. You can start with a GDS in India, for example(TBO), or tie up directly with an airline, as they also have a travel agent program
- Step 10: For hotel bookings directly, tie up with hotels and ask for their B2B rates, or tie up with companies as a travel agent.
- Step 11: Start promoting holiday packages for honeymoons and family vacations, and approach colleges and pharmaceuticals for group packages.
- Step 12: Start promoting your travel agencies on portals like Just Dial and through Facebook ads.
- Step 13: As the tourism market is very competitive, keep profits according to the trends.
Registration & License Required For Travel Business in India
Before entering a business, you have to obtain the consent and registration of the company. Here are two ways to start a travel company. He is traditional, and the other is the smart way.
First, we will discuss the traditional way to register a company. First, contact us for an appointment. We ask you to come with a bunch of papers, which you have to submit, and then you will get the approximate date of registration of your company. This process takes a little bit of time.
Another smart way to register a travel company is to use a startup. There are plenty of startups out there, including those that would be a one-stop solution for all your legal and financial needs to start your business in India. Many companies assure you they will register your company easily without running around to multiple places for documents.
IATA agent
The International Air Transport Association (IATA) is the trade association for world airlines. This institution offers comprehensive training and professional development services for travel agents. Being AIA A-accredited helps travel agencies attain all of the approvals recognized worldwide.
Registering Trademark
In today’s competitive world, protecting your brand name and logo from being exploited by competitors is crucial. It helps the trademark owner obtain exclusive rights over the trademark.
