Is starting a travel agency business in the Philippines worth it?
A surprising fact is that starting a travel agency business in the Philippines does not necessarily require a huge amount of capital. Therefore, aside from being profitable, it could be exciting and fun for an entrepreneur who loves the travel industry.
How do I start a travel agency?
Register your business. Starting a travel agency is one business where it is critical that you are properly registered or else you would not be able to do business with airlines and other large transport providers. To save on time and effort, go online first to register your name.
How do I start an IATA Travel Agency in the Philippines?
PIATA is the Philippine association of IATA members. You could go to the IATA website (www.iata.org) to look for the requirements if you want to put up an IATA-accredited travel agency. Look for a niche where you can compete.
How much capital do you need to start a travel agency?
Additionally, you actually don’t need a lot of capital to start this business. If you’re interested to put up a travel agency business, then here are five quick tips that can come in handy.
How to start a travel agency in the Philippines?
When setting up a travel agency business in the Philippines, you will need to register at the Department of Trade and Industry. This is also required if you plan to start your travel agency business in the Philippines alone or at home. For a corporation or partnership travel agency, the business would need to be registered at the Security and Exchange Commission .
What information do travel agencies need?
Since destinations are different, the travel agency needs to have data collection of hotels, air flight schedules, a list of tourist spots and beaches, and insurance, among many others. You could anticipate what information your clients would need.
How to promote your business?
Then, you may promote by putting up signages outside your office, malls, and other public places.
What is an executive summary?
Executive Summary: This briefly introduces the business and summarizes your plan. For instance, you could decide whether to have a travel franchise in the Philippines or your own travel agency (and what benefits and restricts both of these possess). Its also wise to include a description of the business, the target market, financial estimates, and the solutions to possible difficulties in setting up a travel agency in the Philippines.
How to choose a travel agency supplier?
The success of your travel agency could much depend on your tie-up with airlines, resorts, hotels, tour guides, and bus operators . Therefore, you could choose your supplier based on the quality of its service, how cost-effective it is, and the convenience it would give to your clients. It would not be a good idea to take risks here, so it would be best to deal with trustworthy suppliers.
What is the interior of an office?
Sofas and tables to accommodate walk-in clients, desks, chairs, cabinets, and tables are some of the office interior essentials.
What are the factors to consider when looking for an ideal location?
Owners need to consider many factors when looking for an ideal location. The most important could be the accessibility to the intended market. Second, the location should be convenient for them. Lastly, the business owner needs to make sure that the space is affordable.
What is a QMS manual?
1. Quality Management System (QMS) manual, defining the scope of the agency’s quality management system that includes, among others, the quality policy and objectives, organizational structure and management responsibilities, and documented recruitment and deployment processes; 2.
What are the requirements for a provisional license?
If the application is granted, POEA will require the applicant to comply with the following post-qualification requirements prior to the issuance of the provisional license: 1. Lease contract or ownership of an office space measuring at least one hundred (100) square meters; 2. An office layout; 3.
What is a business name certificate?
Business Name Certificate (if sole proprietorship) or a certified copy of the Articles of Partnership or Incorporation duly registered with the Securities and Exchange Commission (SEC); 2. Proof of financial capacity (bank certificate, ITR, etc.); 3.
How long is a provisional license valid for?
Applicants for new licenses shall be issued a provisional license which shall be valid for a limited period of a non-extendible period of two (2) years from date of issuance. It must be emphasized that agencies with provisional licenses CANNOT deploy domestic workers.
What are disqualified applicants?
Those disqualified are: 1. Travel agencies and sales agencies of airline companies; 2. Officers or members of the Board of any corporation or partners in a partnership engaged in the business of a travel agency; 3.
Can you deploy without a POEA?
You must bear in mind that you cannot just recruit and deploy without a license from the Philippine Overseas Employment Administration (“POEA”). Otherwise, you run the risk of being criminally charged with illegal recruitment – a crime with a heavy penalty equivalent to murder, rape and the like.
How do airlines do business?
The way they do business instead, is to buy tickets from the airline directly or an IATA-accredited travel agency. Setting up this type of agency is easier, but your profit will be smaller. It’s recommended for those with little capital.
What is an IATA agent?
First, there is IATA Agents or the Accredited by the International Air Transport Association (IATA). They are the international regulating body for airline and airline-related departments.
How to attract people to your office?
When it comes to the aesthetics of your office, be sure to have comfortable chairs for clients. And showcase high-quality photos or posters of your destinations to attract visitors.
Can you do content marketing on popular tourist spots?
Especially in social media, you can do content marketing on popular tourist spots. This way, if the need arises to travel to that destination, your target market will remember your business first.