How to start and grow your online travel agency?

Business plan to start and grow an online travel agency

Are you planning to start a travel agency? If so, you should be ready to meet all important aspects of running an agency successfully. Right from finding the perfect location to getting legal permission and approaching partners, there are some crucial steps to take. Travel agencies make travelling much easier for customers by eliminating all the hassles attached to purchasing tickets, picking affordable packages etc. In recent times, people have using online platforms to search for travel related information and buy tickets and packages.

This had given a jolt to offline travel agents and their businesses had slowed down. But, digital travel sales have increase. In the United States, digital travel sales have increased to $180 billion, which is expected to exceed 213 billion by 2020. The travel market is flooded with online travel agencies, including Expedia and Priceline group, which have shown that the future of online travel agencies is bright. But there is still wide scope for conventional travel agents who earn their commission by working in the field.

The survey found that in 2015, majority of travel agents, around 60 per cent of all agents, had reported growth in sales. Whether you are setting up an online travel agency or a conventional offline agency, you need to follow some basics. Remember that your new agency has many new and established similar businesses as competitors. You should also take note that people generally prefer older agencies. So, it would be a tough job for your agency to get notice in the market. These basics will help your new agency run its business successfully.

Take The Next Step

When you start a travel agency or travel agent, you need to keep accurate accounting & financial records for your business with bookkeeping for Travel Agency. These all records help you keep track of your travel agency's performance and are necessary for preparing your tax preparation & return. The most important bookkeeping procedures for a travel agency are the cash flow statement, Accounts Payables & Receivables the general ledger and the income statement.

Work on enhancing travelling and tourism experience by improving every stage of Travel Agency. Be target oriented and focus on digital and comfort-savvy clients. For Bookkeeping of your travel agency, We care our customers like no other. With the help of QuickBooks Bookkeeping Services you can manage all your business operations effectively and smoothly.

Types of Travel Agencies

Travel Agencies aren't required to obtain licensing or certification, though recognize organizations accredit and certify members. Travelers can confirm the travel agency's accreditation by looking for the accrediting body's logo on the Travel Agency's website or brochure. Asta accreditation: ASTA accreditation assures clients that the agency operates under ASTA's code of ethics and will communicate with clients about unexpected changes to travel plans. Iata accreditation: IATA accreditation provides Agencies with Sales Agency Agreements and TIDS numbers that authorize sales of international and domestic airline tickets. Unaccredited Agencies: If considering unaccredited Travel Agency, take into account that their lack of accreditation could mean they are inexperienced or have had service problems that cause loss of accreditation.

Whats a travel agent?

High street travel agents have been around for a long time. Up until only a few years ago, high street travel agents were the most popular and most common types of travel agents. High street travel agents are typically found in major shopping areas, such as local high streets or in shopping malls. High street travel agents typically have area where holiday brochures are displayed and desks for consumers to sit at and talk than travel agent. Travel agent staff are generally very knowledgeable about products and services they are selling and offer high standards of customer service. Many people continue to prefer house high street travel agents because they enjoy face - to - face interaction. However, fewer and fewer people have been using travel agents in recent years. This has led to the closure of many high - street travel agents.

Top Business Travel Management Companies

1. Expedia

Your one-stop travel site for your dream vacation. Bundle your stay with a car rental or flight and you can save more. Search our flexible options to match your needs.

Website: www.expedia.com

2. Booking.com

Big savings on hotels in 120,000 destinations worldwide. Browse hotel reviews and find the guaranteed best price on hotels for all budgets.

Website: www.booking.com

3. American Express Global Business Travel

AMEX Travel provides end-to-end corporate travel management services, meetings and booking solutions. We provide business travelers with managed programs.

Website: www.amexglobalbusinesstravel.com

4. BCD Travel

We simplify the conversation around managed business travel, showing you how to combine capabilities and services to deliver or improve on your program goals.

Website: www.bcdtravel.com

Get Travel Agency Bookkeeping Consultation:

Professional Accountant help in managing your books of accounts. lets you focus on delivering best-in-class travel bookkeeping Services to your clients. we look forward to designing custom accounting solutions for travel agency to help you make the most out of your business.

Contact us here for the Bookkeeping services for Traveling agency.