How to Start a Group Travel Business
The World Tourism Organization, which tracks travel trends internationally, estimates that by 2020 the number of persons traveling will reach 1.6 billion per year. Though the world's economy has slowed recently, The World Travel & Tourism Council forecasts a revenue growth in the travel industry to be on average 3.6% per year. Individuals seeking to open a group travel business will find that all-inclusive vacations and tours will be the most desired by economically conscious travelers. Things You'll Need Knowledge of Geography Business Plan Group Travel Business Model An Accountant A Lawyer Business Insurance Instructions Business Considerations Create a business plan. This is an important step in starting a group travel business. By going through the process of creating a business plan, aspiring owners will have a clear understanding of the financial, operational and marketing details needed to create a successful group travel business. For help in creati