Profitable Business Ideas In The Travel

Here are some thriving and profitable business ideas in the travel and tourism industry that an entrepreneur or investor who is looking at starting a business can choose from.

Welcoming Services

Welcoming services is all about welcoming tourists to a tourist town and in turn giving them useful information and of course package of coupons, samples from local businesses, and other opportunities that are available in the town. An easy to establish tourism related business that an entrepreneur can consider starting. This business can be started with little or no start-up capital. So, it can be a cool way to earn money.

Night Club

This business can do pretty well in a tourist town. While this business is profitable, it may not thrive in all tourist towns, especially smaller towns with quiet lifestyle. So, before you venture into a night club business, ensure that you have conducted a thorough feasibility study and market survey to be sure that the business will work.

Tourist Guide

All that is required to become a tourist guide is to ensure that you can speak at least one or more foreign languages. This could be English, French, Spanish, Chinese, Portuguese or German. Once you are certain that you can effectively translate or interpret, all you need to do is to position yourself in places where you can find tourists. This could be a hotel lobby (you would have to negotiate with the hotel manager) or via referrals from a tour operator. You must also know the terrain well.

Coffee Shop

There is hardly any airport where you will not find a coffee shop. Location is important for this type of business unless you want to operate a mobile /cart coffee shop business. A coffee shop in or around the airport is a good idea.

Hotel and Inn

Before a person visits a tourist place, part of their research will be how to locate the nearest hotel and lodge in town. Every tourist needs a place to stay during their trip to a foreign land. Unless they have a host, to accommodate them for the duration of their stay, every tourist is going to look for a place to stay. So, a hotel or a lodge is a vital business that is needed in tourist towns. While this business will need investors or start-up capital, returns are almost guaranteed. If a tourist town lacks standard hotels and lodges, they are likely to attract fewer visitors (tourists). So, as an investor, if you are looking at starting a travel related business, one of your options is to invest in a hotel. Or better still, you could start a bed and breakfast business.

Luggage Delivery Services

Luggage delivery business is about helping travelers avoid the hassle of waiting and security checks. Luggage delivery services go the extra mile to take care of the traveler’s luggage. A traveller will pack their traveling clothes and other belongings and the luggage delivery company will take and store the luggage on their behalf. They also help encode the contents online so the owner can update its contents against another trip.

Security Related Radio Talk Show

It is definitely going to be more expensive to buy slots on TV than on radio. So, if you are going to start a tourism related talk show and you don’t have the finances to purchase airtime on TV, then going on radio is your best option. If your radio talk show is well organized and able to address key issues related to travel and useful tips about key travel destinations, it will attract listeners and of course mouth-watering sponsorship deals from major players in the industry in your country. It is a cool way of making money, but you must always be ready to develop interesting and useful content for the show.

One of the worst things a would-be-business owner can do is to go into a small business without considering the challenges ahead. These ideas can help make challenges easier, but there is no avoiding them. An important step in overcoming a challenge is knowing the size of that challenge. Besides, a competitive drive is often one of the reasons people start their own business and every challenge represents another opportunity to compete.

Contact HyperEffects to chart out a tailor-made business marketing strategy for your company and see your business show up on television ads, press releases and on major channel partners.