Starting a travel business from home is a good idea indeed. You need only a little investment. It is low-risk too. Just that you must be very enthusiastic to offer your clients best in class travel deals.
The first step in your home based endeavor is finding the right host agency. It’s better to have a host agency. It will keep your spending low, give you big commissions, and do your backend office. Moreover, if you are a novice in travel industry, they will train you too and assist you in running the business. Most of the host agencies have their online travel software in place, which you can also get access off.
With the host agency, you need not have an ARC, CLIA, or IATAN number which is costly and difficult to get for a startup. The host agency’s accreditation number is enough and it will be your parent company. If you use the GDS, the host will take care of the ARC report which will be time-saving to you. They will also help you to get a travel agent license as required by your region.
Experts recommend to restrict your travel business first to some niche rather than offering all airlines and hotels in the world. It may be for a particular region or a special holiday package. But don’t market just one product, try two or three. Or you can cater to the travel needs of business travelers to a particular country. Or try your luck in booking charter planes for the high-end corporate travelers or billionaires. Name your travel agency accordingly. Try to offer something, which is little different from the generic node.
You are in travel business to make money by providing quality, reliable service to your customers. Have separate accounts and track business expenses. To get your home-based travel agency clicked, you must have a working knowledge of travel agency software, customer service experience and experience in traveling to the destinations you deal in.
Keep on having very satisfied clients and serve your clients to the max. Word of mouth does wonders in travel business.
Impact of GDS on Hotel Booking Systems
In a recent survey, year 2015 set up a record for travel bookings through global distribution systems. Around 62 million bookings were processed across various travel portals and online hotel booking systems. In 2016, its expected to cross 64.5 million as per latest projections. In terms of revenues $12.5 billion was clocked across all channels in the second quarter in the top 50 global markets, encompassing 69 million hotel room-nights. United States, India and UAE saw more absorption from OTAs, travel agency software and hotel booking software.
Author is a senior business analyst and an expert in travel portal development and marketing strategy implementation.