Are you about writing a business plan to start a travel & tour company? If YES, here are 100+ sample tourism & hospitality business plans & templates for FREE download.
The travel and tourism industry incorporates businesses that help people travel to different locations, for either business or pleasure. The travel and tourism industry is one of the world’s largest industries with a global economic contribution (direct, indirect and induced) of over 7.6 trillion U.S. dollars in 2016.
The direct economic impact of the industry, including accommodation, transportation, entertainment and attractions, was approximately 2.3 trillion U.S. dollars in that year of review. If you live in a country that has tourism as its mainstay, then it would be a great idea to start up a business in the industry. Outlined below are travel and tourism related businesses that can help you to profit from this niche.
100+ Sample Travel & Tourism Business Plans & Templates
A travel agency is a private retailer or public service that provides travel and tourism related services to the public on behalf of suppliers such as airlines, car rentals, cruise lines, hotels, railways, travel insurance, and package tours.
Travel agencies make travelling much easier for customers by eliminating all hassles attached to purchasing of tickets, booking hotels, arranging itinerary, etc. In recent times, people are using online platforms to search travel related information and buy tickets and packages. This business is easy to set up and affordable to run.
A hotel is a commercial establishment that provides lodging, meals, and other guest services. In general, to be called a hotel, an establishment must have a minimum of six letting bedrooms, at least three of which must have attached (ensuite) private bathroom facilities.
Starting a hotel business requires heavy capital investment, but the fact remains that the business is profitable if it is properly managed. Every day, people travel from one point to the other and one of the options they are faced with is staying in hotels. If you can pull the capital together, you will have no cause to regret this business.
If you want to invest in the hospitality industry but you lack the startup capital to build a hotel or motel, then you should consider starting a bed and breakfast business. Bed and Breakfast business is perhaps one of the easiest means of owning a business portfolio in the hospitality industry. One of the good news is that the business guarantees good returns on your investment.
You can operate this business with your family members, thereby cutting operational cost to the barest minimum. So also, the fact that you are making use of your apartment means that you won’t be spending a lot in acquiring or renting a property for the business except you want to expand the business beyond your home.
Bars and nightclubs offer entertaining places for customers to socialize, enjoy alcoholic beverages and maybe hit the dance floor. Starting a night club business is tough and you may have to put in more than you ever bargained for; because let’s face, the business will not run itself, and if you do not play your part, your employees can render you bankrupt.
One thing you have to be particular about when starting this business is to have all the necessary documentation so that you don’t face the risk of being clamped down on. If you think starting a night club is on the front burner of your goals, then you have to do your research, register your business, secure a location, and find ways to raise capital to set up the business.
An amusement park is a place that has lots of attractions for kids and adults, such as roller coasters, water rides, and all kinds of entertainment. Depending on the size, an amusement park can also contain shops, entertainment outlets like a cinema as well as restaurants.
Starting an amusement park business is a big deal, as it requires land, huge capital and a unique innovation for it to become successful. To become successful in this business, you need to first understand how the business runs and this is only possible if you conduct a feasibility study. You should also determine what type of amusement park you should start and if the venture you intend going into is worth your resources and time.
A beach resort is not a new business in the hospitality industry; it has long been in existence but only just recently, like several decades back, revolved into a better package than before. It is usually a place of fun and relaxation for locals and tourists who want to be close to the beach, while still enjoying the amenities of a resort.
A beach resort is like other resorts but is usually situated close to the beach, and is a place for fun lovers and those seeking a retreat of sorts. This is another capital intensive business in the travel industry, but is can yield you good profit if you know how to diversify your services.
If you are considering investing your hard earned money, but you don’t want to risk it in the residential real estate market or volatility of the stock market, owning an RV park lot may be an excellent option. You may be surprised to know that RV campgrounds are one of the real estate investments with the highest return on investment (around 15% to 20%).
Considering an ROI of around 10% for a residential real estate investment and 7% for a stock market investment, owning an RV park lot looks like an intelligent solution.
A strip club is a venue where strippers provide adult entertainment, predominantly in the form of striptease or other erotic or exotic dances. Strip clubs typically adopt a nightclub or bar style, and can also adopt a theatre or cabaret-style.
In spite of recession-induced dips early in the period, experts project the overall revenue for the industry to increase during the next half decade, many thanks to the renewed consumer spending and pent-up demand. Despite the backlash this business experiences when situated in certain neighborhoods, but the fact remains that it is mostly generally acceptable, and it equally generates good revenue.
A boutique hotel is a small hotel which typically has between 10 and 100 rooms in unique settings with upscale accommodations and individualized unique selling points (USPs). These hotels are intimate in scale, creating the ambiance of being a personal guest in a private home, rather than just a hotel occupant.
They often have communal living spaces where guests can interact with each other. Boutique hotels can let their imaginations run wild with decor, furniture, food, events and anything else – even in how they market themselves. This allows the independent hotel to strengthen their identity and reputation, and offer a special, distinctive, memorable hotel experience for their guests.
Water parks are a fun way to cool off on a hot summer day. Opening a water park can be a profitable business. You have to do your research and plan carefully so that your new business will be the best. Work with a business consultant to determine if a water park in your area is a feasible investment.
The consultant can weigh the initial costs and potential return in the first few years. Pick a large area to house your water park. Keep in mind that attractions at a water park are large, so you have to make sure that you have ample room for your attractions. This sort of business needs little publicity as people are always on the lookout for such attractions.
11. Yacht Charter Business Plan
Starting a business that lets you spend your days on a luxury yacht, cruising to exotic locations, and hanging out with “the rich and famous” is without doubt an interesting and appealing business. Although there are many advantages of starting and managing this business, especially when your passion rests with the sea and boats, it is still a business that needs careful consideration and excessive planning.
One of the first things you need to do is to research your customer and know them. This will help you determine the yacht to get and even how best to market your business.
A vacation rental is the renting out of a furnished apartment, house, or professionally managed resort-condominium complex on a temporary basis to tourists as an alternative to a hotel. The term vacation rental is mainly used in the US. If you are ready to start making people’s vacation dreams come true for a living, starting a vacation rental business is the way to do it.
It’s an exciting venture, with opportunities to meet new people, learn new things and make money. Thought of as an investment, having vacation rental properties provides anyone with a way to stretch out and really enjoy working with not only properties but also people.
Zoos are places where wild animals are kept for public display. Opening a zoo, even a small petting zoo, is a big undertaking, and it can be expensive. The price of opening and running a zoo can run into the millions. If you’re an animal lover who’s always dreamed of operating your very own interactive sanctuary, your first step will be to apply for a license that permits you to legally own animals for display.
Next will come leasing a plot of land spacious enough to suit your needs, then constructing the necessary facilities and leasing the animals themselves. After that, it will just be a matter of hiring help and finding resourceful ways to market your new business within your local community.
Airbnb has created a solution for travelers around the world to find comfortable accommodations that are local, authentic, diverse, inclusive and sustainable. Instead of simply providing a roof over traveler’s heads, Airbnb strives to provide a world where people can live in a place, as opposed to simply traveling to it.
On average, Airbnb hosts make $924 a month, but those numbers vary. Some hosts even buy or lease a number of apartments or homes and rent them out full time, creating what could be a six-figure income. If you have available rental space and are looking for extra income, you can start a profitable Airbnb business.
Starting a hot air balloon business can be an exciting and expensive adventure. Hot air balloons are flown as hobbies or recreation and in festivals or competitions. Having a hot air balloon business can be a full-time or part-time job. Before making the initial investment in a hot air balloon business, you will need to know how to start off, as well as the licenses and financial involvement in the business.
If you live around any tourist location, then you should consider starting your own hot air balloon rental business. The truth is that you can make cool cash from this business with little effort if you are well positioned.
An immigration consultant is a person who helps people to emigrate from one country to another. If you are a lawyer or someone who has good background in immigration matters, and you are thinking about starting a business, then you should consider starting your own immigration consulting firm.
There are many migrants who are trapped because they don’t know who to talk to when they have challenges with immigration issues, that is why you will never want for clients when you set up your own immigration agency.