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how to start travel and tours business in philippines

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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 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 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 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.

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.

What is a travel and tour agency?

A travel and tour agency sells services and products relating to travel. As such, besides the expected airline tickets; you can also sell tour packages, car rentals, cruises, hotel accommodations, and many other items to supplement your main product line. 1.

Is travel business booming?

The travel business is booming and now may be the best time to take advantage of this trend. With only a moderate amount of capital and a lot of energy, a person may find financial success and personal fulfilment in this venture. To find out more about this business you may attend a one day seminar on the topic.

Is a travel and tour agency a profitable business?

Starting a travel and tour agency needs only little capital. It can be a fun, exciting, and profitable business for any aspiring entrepreneur. The business has a high potential since the travel and tour industry is steadily growing as the population increases and per capita income continuously expands its market.

How to register a sole proprietorship in DTI?

If it is sole proprietorship, go to this link – DTI Business Name Registration Site, click on New Application, fill it up, just go on as directed. Pay the corresponding fee at the nearest DTI office.

How to get a BIR?

For BIR registration, go to the BIR office nearest to your agency location, file a new application attaching copy of your Mayor’s Permit, then secure Authority to Print receipts. You will be asked to come back to claim the BIR registration certificate and attend an orientation seminar on reporting schedules.

What is a TMC?

For clarification,  a  TMC is a travel agency that holds office within the premises of a multinational company or international organization that they are exclusively serving. They serve as the Travel Department of that company or organization.  The other types of travel agencies mentioned above are self-explanatory.

What is a travel agency?

A travel agency is a business that deals in selling travel-related products and services on behalf of suppliers such as airlines , hotels, resorts, cruises, tour operators  land transportation, trains, etc.  It is also seen as a place or establishment where people can secure information, expert counselling and make arrangements for travel by air, sea or land to any point in the world.

When did travel agencies start?

This type of business was said to have first started in the mid 19th century when Thomas Cook  first organised a one-day excursion in open carriages of Midland Railway company carrying a group of 500 passengers for the price of 1 shilling.  That excursion package lid down the foundation of a travel agency business.

Can non-IATA agents issue tickets?

Non-IATA agents– as the name implies, they are not accredited with IATA hence they are not authorized to issue tickets. They either buy from an IATA-agent or directly from the airline.