How to Develop a Tourism Business

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How to Develop a Tourism Business
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Introduction
1. Tourism is travel for recreational, leisure or
business Purposes 2.
Temporary, Short-term movement of poeple to
destination outside their resident
places.
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Decide which sector of tourism you would
like to focus your business on
1. Transportation services. This sector involves
transporting tourists to, from and around
the tourist destination.
2. Travel agencies. Travel agencies are the 1
stop shop for everything involved with
visiting a place, including transportation,
accommodations and attractions.
3. Hospitality. A hospitality business pertains
to any food or beverage establishment that
tourists may frequent.
4. Guided tours and tour guides. A guided tour
service or professional tour guide is a
tourism business that specializes in providing
informative and entertaining tours through an
area's local attractions.
5. Accommodations. These include hotels, motels,
bed and breakfasts, hostels, rental
houses, condos and any other place tourists may
stay while travelling.
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Take your Geographical Location Into Account
Your local tourist attractions are good
indicators of what would and would not make a
successful tourism business venture. For example,
if your area is secluded from the populace and
dense with wineries, then guided winery tours,
local bed and breakfasts, and airport
transportation services are all viable business
options.
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Size up the Competition
Thoroughly research the tourism businesses in
your area before you decide which business in
tourism is right for you. You will want to choose
a tourism sector that is not overly congested,
and one that you can contribute something unique
to.
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Write a Business Plan
Your business plan is the blueprint for your
tourism business, and should include the
following sections
1. Executive summary. Describe your business's
purpose, name, location, personnel
needs, tourism business management staff, market
sector, competition, marketing plan and
financial projections.
2. Tourism business summary. This should detail
how the business's ownership will be
distributed and the start up requirements
(funding, assets and location).
3. Products and/or services. You need to outline
the products and/or services your
business will be providing for tourists.
4. Analysis of the market. Provide information
about your target market and your
competition.
5. Tourism business strategy. Describe how you
plan on running your business,
marketing your business and pricing your product
or service.
6.Financial summary. State your projections for
your business's expenses and income.
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Procure the Necessary Funds
Present your business plan to potential lenders
and/or business partners in order to obtain the
start up and operating capital you will need to
run your business in tourism.
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Select Business Location
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Obtain All Applicable Business Licenses
Get the necessary business licensing through your
local government's business regulatory agency.
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