How to Start Tour and Travel Business - A Step-by-Step Guide

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By JasvirUpdated On: 16-Nov-2023 12:32 PM

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ByJasvir |Updated On: 16-Nov-2023 12:32 PM

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Tour and travel business is one of the low investment and high profit businesses in India. The tourism industry in India is growing by 14% annually. People from all over the world visit Indian places to see its culture and local life. Discussed below is the guide on how to start tour and travel business in India. Also, the top 5 buses for travel businesses in India are listed below in detail.

How to Start Tour and Travel Business in India

Starting a tour and travel business in India can be quite profitable. Below we have discussed how to start tourism business in 6 simple steps.

Step 1. Create a Business Plan and Define its Scope

The first step to start tour and travel business in India is to make a solid business plan covering every aspect of your business. A business plan will contain information regarding the goals of your business, the type of business, financial scope, target market and marketing plans.

A business plan basically is the outline of your entire business. Without a plan, the business will never survive or reach the desired growth.

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Step 2. Identify the Type of Business

The next step to start tour and travel business in India is to decide the type of business. There are many different business options available under the tour and travel category.

Travel Agency

A travel agency helps people to book tours across Indian locations. A travel agency can be further categorised by their particular travel locations.

Luxury Travel: A travel agency that specialises in tourism to locations such as luxury hotels, resorts and attractions. A luxury travel agency is responsible for luxury travel services, accommodating and organising luxury tours across various destinations.

Cultural Travel: A travel agency focused on providing touring services to visit various Indian cultural and historical locations.

Eco-Tourism: Eco-tourism involves travel focused on Indian wildlife and national parks.

Adventure Travel: A travel agency centred around tourism to various hiking and adventurous locations across India.

Step 3. Secure Funding to Start Tour and Travel Business

Funding is a crucial step in the process to start tour and travel business in India. For a small-scale venture, an individual can afford the cost needed to start tour and travel business, but the same isn’t the case for a large scale business.

A tourism and travel business requires many resources such as accommodation sources, transportation mediums and marketing costs. Fortunately, the government of India and many financing institutes offer various kinds of business loans.

Step 4. Decide the Company Structure

The company structure is also important to start a tour and travel business. After securing funding the company can either be LLP or a Private Limited business. Both options have different benefits, rules and regulations. Also, business loan interest rates vary in both options.

Step 5. Register with IATA and the Government of India

IATA, International Air Transport Association, represents over 85% of global air travel. A business gains worldwide credibility if approved by IATA. For travel agency businesses dealing with international customers, IATA approval is required and beneficial.

Another option is to become a government of India approved travel agency agent. This is also beneficial to boost the name of your tour and travel business.

Step 6. Get a GST Registration Number

A GST registration number is required to collect goods and services tax (GST) on items which is mandatory for any business in India.

Top 5 Buses for Travel Business

After starting a tour and travel business the next step would be to acquire a mode of transportation. Buses are the best option for small and large scale travel agency businesses alike. The best buses for tour and travel business are listed below.

1. Volvo 9400 B11R

The Volvo 9400 B11R is a luxury bus suitable for travel agency businesses dealing with long-distance travel. The Volvo 9400 B11R price in India starts from INR 90 lakh.

2. Scania Touring Bus HD

Scania Touring Bus HD is another choice suited to meet intercity travel requirements. This powerful and comfortable bus is best for transporting large groups of people.

3. Tata Winger Tourist

Tata Winger Tourist is more compatible with travel agency businesses dealing with small groups of people. With a starting price of INR 15.50 lakh, it is also an affordable touring bus.

4. Ashok Leyland Viking Tourist Bus

Another good choice for a touring bus is the Ashok Leyland Viking Tourist Bus. It is a comfortable bus with a 41-58 seating capacity for passengers.

5. Ashok Leyland Oyster Wide Tourist Bus

Lastly, the Ashok Leyland Oyster Wide Tourist Bus will surely suit your travel agency business as it offers 49 spacious and comfortable seats. It is priced at INR 30.96 lakh in India.

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Conclusion

In conclusion, a tour and travel business in India is one of the best choices for individuals looking to start a new business. It is beneficial and profitable to start tour and travel business in India because of the wide selection of touring locations.