Bengalis are known as a travel-thirsty nation, and many people from different parts of the country visit the state every year. However, in today’s age of busyness, it is not possible for many to make all the arrangements for themselves. Older people, especially those who travel with their families, always want to make all the arrangements in advance so that they do not have any problems while traveling. This is where the benefits of the travel agency business come from.
It is possible to start a travel agency business at a very low cost. Your travel and tourism company can be started by capitalizing on the passion of traveling, attention to detail, ability to connect with people and maintain good relationships. It is even possible to do a travel agency business from home.
What is a travel agency?
There can be different types of travel agencies based on work and services, again a travel agency can provide all kinds of services. The job of a travel agency can be to book train and plane tickets, book hotels, sell travel packages or organize tours yourself.
Small travel agencies usually start their business with one or two services. For example, a travel agent can run a travel agency business only by selling those tickets with bus, train and plane ticketing agencies, as well as booking hotels.
A travel agency can again create and sell travel packages. In other words, the staff of the company will make all the necessary arrangements for a trip. Everything will be arranged including ticketing, hotel, catering, local travel, the customer will pay a price for the whole package. In this case, the employee of the travel agency may not have to accompany the guest.
Again a travel agency can create a tour package where their staff will arrive with the customer at the destination and take care of all the needs related to the customer’s travel. In this case, usually a big tour is done with more than one family and team. Each of these types of services has its own buyer.
Just as every business has some advantages, there are also some challenges.
Train and plane ticketing travel agency business
Now that tickets have been cut online, the demand for ticket agents has not diminished. Passengers have to rely on travel agents to buy tickets, especially at times and places where it is difficult to get tickets. Also, it is possible to do lucrative business by contracting with travel agencies that sell tour packages or take people on trips. Agreements can also be made with organizations such as office workers who have to go out for regular office work.
The agent gets a commission of Tk 20 per PNR for non-AC coach tickets, and a commission of Tk 40 per PNR for AC coaches. The payment gateway commission is 1 percent of the ticket price. The IRCTC does not directly hire ticket agents, they hire principal service providers. The job of these principal service providers is to issue permits to travel agencies. A complete list of principal service providers is available on the IRCT website.
It costs around TK 7,000 to register as a ticket agent for the first time. After that it has to be renewed every year, in which case the cost is much less. The most effective way to get an air ticket agency is to register with the International Air Transport Association or IATA. Or may act as a sub-agent of an IATA accredited agency.
To get the approval of the International Air Transport Association or for all the information about it, you need to login to their online portal.
Business of selling tour packages
The funniest and most challenging travel agency business is selling tour packages and taking tourists on trips. In this business your company has to make travel itinerary and make all the arrangements to travel according to that itinerary.
In order to do business with this travel agency, you must first decide which part of the buyer you want to take. It will depend on where you take them, what kind of hotel you will stay in, what you will eat or what the transportation will be like. It is wise to start with a few places to go and not start with a lot of space at the beginning.
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