Top 10 Best Travel and Tourism Business ideas
Business opportunities in the travel and tourism sector can be varied as there are many components that directly deal with this industry. Airlines, hotels and resorts, car rental, money-changers, travel agents, online travel operators, tourist entertainment and shopping, etc. can all be grouped under businesses in the travel and tourism industry.
However, this post is prepared to keep in mind to bring out some specific business ideas in the travel and tourism industry. If you are looking for business opportunities in travel and tourism, check out this special list:
1. Medical tourism business
Medical tourism is becoming popular with the easy communication made available by the internet and technology. It is the business of providing cost-effective trips in the healthcare sector i.e. for medical treatments. The beauty of the medical tourism business is that it can be combined with vacation and leisure travel as well.
2. Corporate travel management
Corporate travel management provides travel services to corporations, professionals, executives and frequent fliers. The services include customized travel solutions, discounted fares, and hotel accommodations as well as any other service that completes a business trip.
3. Travel agency business
While the above mentioned two are targeted to specialized markets, a general travel agency can be a highly profitable business targeted to the public. A travel agency deals in making necessary arrangement for travelers i.e booking air tickets, hotel rooms, etc.
4. Tourist guide business
If done well, a tourists guide can be a lucrative business opportunity for you. It is far better than packaged group tours since private tour guides can easily understand the needs of tourists and adapt to them. This business can easily be operated from a home office as well. A tourist guide business is best suited for those individuals who know every nook and corner of a tourist town or any other place that attracts tourists.
5. Sell travel kits online
What do travelers need while they stay in different places? Well, this question is just to evoke a new idea within the travel and tourism industry in your mind. The idea is to sell a pack of necessities online, the things that travelers need during their trips. This may include toiletries, travel books and any other items you think can be added. The website can be built to provide travelers to choose from a variety of products and send their kit to their destination. This would be an online store only for travelers.
6. Boutique hotel
Many tourists nowadays prefer staying in boutique hotels and youth hostels compared to largely sized hotel chains. The reasons according to Christine Sarkis that spur travelers to stay in boutique hotels are their inexpensiveness and convenience compared to hotel chains. With this in mind, you may build 6-12 rooms based boutique hotel at your local destination.
7. Bed and breakfast
Unlike most hotels where you usually find fifty, sixty and even more guest rooms, you can start a 6 to 10 guest room based building to offer bed and breakfast to travelers in your tourist town.
8. Travel photography
One of the interesting business ideas in the travel and tourism industry is travel photography. The road is tough but this can be a rewarding business if everything goes well. The income in this business is mainly based on an assignment basis and on stock sales.
9. Fast food kiosk
Unlike restaurants that take a very long time to get food on the table, fast food kiosks are quick, convenient and fully self-serving. As a result, most tourists today prefer to visit them to eat their meals and therefore, makes opening a fast-food kiosk near a tourist destination a compelling opportunity these days.
10. Become a translator
Travelers, most of the time seek help from interpreters so as to understand the local unfamiliar languages. The most essential prerequisite that you need to have in order to run a language translation business is that you should have the ability to speak English, Spanish, etc like languages.