What are business goals for a travel agency?
Setting Goals for 2021 as a Travel Agent
How much can you make owning a travel agency?
The pay isn't necessarily exorbitant—the median income is $38,700 a year, as reported by the U.S. Bureau of Labor and Statistics, but according to Pindar, it can actually be much higher. “Agents make anywhere from $50K to $100K on the low end and up to $250K to $500K annually,” says Pindar.
Is travel agency a profitable business?
The global travel and tourism industry has been growing at a rapid pace inviting new businesses and providing a fertile space for the existing travel businesses to thrive. In fact, it is estimated that travel agents collectively would generate a revenue of $17.3 billion by 2020.
Starting a travel agency can be a fun, fulfilling and profitable career. There is no doubt travel agencies have evolved over time, but even with the rise of online booking sites, travel agents are continuing to see a growth in sales as travelers seek a higher level of service to plan custom-tailored trips.
Target groups are as follows: Householders with incomes of $100,000 and over. Travel agents and professionals with an established client base, particularly in the luxury market. Corporations, civic groups and nonprofit organizations, interested in incentives, retreats, field trips and fund raisers.
The Services that we provide
|FIT & Group Tour Packages||Golf & Diving Tours|
|Incentive & Meeting Tours||F1 & Moto GP Packages|
|Special Interest Tours (Customized Tours)||Medical Tourism|
|Hotel Booking & Ticketing||Sightseeing Tours and Transfer|
|Coach Transfer & Van Rental||Hotel Booking and Flight, Express Bus Ticketing|
Travel Agency – Business Registration Requirements
As an independent agent, you lose the luxury of a base salary. You'll earn a commission every time someone books a holiday with you. When you sell a flight, holiday, or cruise – you earn a commission from the travel supplier who will be providing the end experience for that customer.
Industry resources show relatively low incomes for agents at an average of around $37,000 per year and this is because many home based travel agents only work part time and do not have the expectation of generating large incomes.
And while most travel agents do impose a service fee, varying from $25 to $100 depending on factors such as your desired itinerary and budget, ultimately, they can help maximize savings with exclusive promotions, perks and inventory that isn't available to the public, Richter says.