If you have ever been a tourist, then you may agree that it is one adventure that make nice memories linger. If you are an entrepreneur who lives in a town that attract tourists from all over the world all year round, then you do not have to struggle to make cool cash or to source for viable and profitable business ideas.
The truth is that there are several business ideas that an entrepreneur can leverage on to make wealth in a town that is a major tourist destination.
Although, there are possibilities of serious competitions when it comes to setting up businesses in an area that is known to attract visitors from far and wide, but if you are innovative and you have a unique product or services, you will have a competitive advantage in the market place.
For example; it is typical for hotels, motels, restaurants and bars to be amongst the businesses established in tourist’s sites and towns. This is so because it is only normal for visitors to lodge and to eat as well.
So if you live in any tourist town, there is several money spinning business ideas that you can setup in such town; some are capital intensive and some are not. But the bottom line is that you must ensure that you conduct your feasibility studies before narrowing down on a business idea. Now let us quickly consider 10 money spinning business ideas suitable for tourist towns;
10 Best Small Business ideas for Tourist Towns in 2020
One of the businesses that an entrepreneur can successfully start in tourist town with little or no money is to become a tourist guide. All that is required to successfully launch this type of business is to ensure that you can speak at least on or more foreign languages; it could be English, French, Spanish, Chinese, Portuguese or German. Furthermore, you must also know the terrain pretty well.
Once you are certain that you can effectively translate or interpret, then all that is expected of you to do is to position yourself in places where you can have access to tourists; it could be in an hotel lobby (you would have to negotiate with the hotel manager) or via referrals from a travels and tours company.
Restaurant and bar is yet another business that is commonly found in a tourist town. Although most tourists may prefer to eat the food they are familiar with, but it won’t be out of place if you could also include some local delicacy as part of the food you sell in your restaurant.
The truth is that some tourist makes it mandatory to try out the local delicacies of the community they are visiting. So, ensure that you include local delicacies as part of the food you sell in your restaurant if your restaurant is located in a tourist town.
Of course it is a must for visitors to look for places to lodge when they visit any town, except when they have a host who is ready to accommodate them for the duration they stay for. So, hotel and lodge is a very vital business that is needed in tourist town.
As a matter of fact, before tourists visit a tourist town, part of their findings will be how to locate the nearest hotel and lodge in the town. The truth is that if a tourist town lacks standard hotels and lodge, they are likely to attract fewer visitors (tourists).
Taxi and bus shuttle business is another fantastic business idea that thrives pretty well in a tourist town. Of course tourists would want to move together from one tourist site to another hence the need for a bus shuttle business. The bus shuttle could also help transport them (tourists) on arrival from the airport to their hotels and also from their hotels to the airports on their departure. Taxi is also ideal for couples, an individual or a group of 3 or 4 persons.
5. Rental Business
Rental business is yet another business that is viable and profitable in a tourist town. There are several stuffs that tourists can rent. It could be a car, scooter, speed boat, canoe or even horse, donkey or camel. The bottom line is to conduct your market survey to know what tourists may likely need in the tourist town that they aren’t able to bring along when they are visiting.
Once you have an idea of the stuffs that is needed by tourists, then all you need to do is to purchase enough quantities of the stuffs and then position your business in a place that will be visible to tourists.
Although, most tourists would always travel with their cameras to capture beautiful sites and moments albeit in an armature manner, but if they have the option to make use of a professional photographer, they would gladly embrace it. So, one of the business ideas that is suitable for a tourist town is the photography business. If you are a professional photographer, you can consider opening your own photography business if you live in a tourist town.
7. Souvenir Shop
Souvenir shop is another business idea that is highly profitable in any tourist town. Loads of visitors would prefer to buy local crafts or native wears, et al from a tourist town as a mark of remembrance. Subsequently, if you are looking for a business to setup in a tourist town, you can consider opening a souvenir shop that will be stocked with local crafts and native wears et al.
8. Night Club
Night club is another business idea that can do pretty well in a tourist town. This type of business is profitable, but it may not thrive in all tourist towns, especially smaller towns with quiet lifestyle.
9. Ticketing and Reservation Business
Of course tourist would need to move from one place to another with any of the available means of transportation and also to lodge in a hotel, hence they would need the services of ticketing and reservation companies.
10. Coffee Café
Coffee café is another business idea that can do pretty well in a tourist town. If you intend starting this type of business, you must ensure that you choose a nice location to set up the business.
There you have; the top 10 business ideas for tourist towns