With our expertise, we can assist you in setting-up your business structure right the first time.
How to Start a Successful Independent Travel Agency
Incorporate your business in Singapore Hawksford provides company incorporation services and other supporting services you will need for your business in Singapore. Find out more. Singapore business updates Keep informed about important changes in Singapore to help you manage your business effectively as well as our upcoming events.
Sign up now. Starting a Travel Agency in Singapore A Travel Agency is a person or a company that arranges and organizes services related to travel and tours. Who Needs a Travel Agency License?
Types of Services
A travel agency licence is required in order to conduct business as a travel agent. Sells tickets entitling an individual to travel, or otherwise arranges for a person a right of passage on any conveyance. A TAL is not required if the conveyance is owned by the company.
- How to Start a Travel Agency | How to Start an LLC.
- InvoiceBerry Blog.
- Starting a Travel Agency in Hong Kong | Business Guide – GuideMeHongKong by Hawksford!
- What sort of travel agent should I start?;
- Starting a Travel Agency from Home?
- Choose the Business Model.
- Starting a Travel Agency From Home - A Quick Guide.
A TAL is not required if the mode of transport and the place of accommodation is owned by the company for example, a hotel that owns its own transportation. Purchases for resale the right of passage on any conveyance. Arranges or conducts tours within or outside Singapore. Carries out any activity which may be prescribed by the Board. Holds itself out as, or advertises that it is, willing to carry on any activity referred to in the previous points. Pre-Requisites for Travel Agency License Before filling in the application form for a travel agency license in Singapore, you must be aware of the following requirements: Company registration — You must first set up a Singapore company with the intention of conducting business as a travel agent.
For details on how to set up a company, please refer to the Singapore company registration guide. Key Executive — The company must appoint an appropriate person for the position of key executive. The key executive should have the relevant work experience and qualifications to manage the company. The TRUST website is a state-sanctioned website that provides relevant information, resources and advice related to the travel industry in Singapore.
What does the market look like?
Which sectors are booming and which should you avoid like a smoking Icelandic volcano? How do you find a gap in an already crowded market? And once you've found your niche, how do you make sure your business plan is flexible enough to survive a forever changing landscape and seasonal peaks and troughs? We have put together a panel of experts and entrepreneurs who have made a success of their companies to share their tips, advice and experiences with you, as well as answering your questions about starting up in the industry. Post your thoughts in the comments section below and pop back then to join the discussion.
Andrew Dunn founded Scott Dunn in , initially arranging ski holidays. Since then, he has grown the business into one of the UK's leading tour operators focusing on the luxury end of the market. Lisa Leggate is a director of To Tuscany Ltd , a company established 15 years ago renting over villas in Tuscany and Umbria.
Amy Patel is the senior marketing manager at TeletextHolidays. Xavier Destribats heads worldwide operations as corporate senior vice president for Kempinski Hotels. Established in the company is the oldest luxury hotel group in the world currently operating 80 properties in 30 countries.
In its history Kempinski has frequently pioneered hotels in new emerging markets. A travel business is, for the most part, a fairly simple one to set up. For the U. Canada also has licensing requirements that vary by location , and in the U. First off, choose your business structure.
Why was an LLC the best choice? However, the business structure you choose will depend largely on your plans for your business, and how you intend to fund it. If for example, you plan to seek outside investment, you may want to look into starting your business as a corporation. Scott also adds that setting up the legal end of things was fairly simple. However, be sure to have a plan in place for how you will obtain funding.
Your initial funding budget will also likely go toward any branding or advertising, and you may eventually also decide to rent office space and hire employees, which is a fairly large expense. Many travel agencies are self-funded, since they have low initial overhead and can be started fairly easily though face stiff competition to stand out. Don Halbert, owner of Costa Rica Vacations , also funded his travel agency through venture capital.
How many employees will you need to hire? You may not need any to start, until you decide to expand your operations.
Starting a Travel Agency in Hong Kong
We constructed and positioned our business to be virtual in nature; to be operational anywhere, anytime. For Don, the idea that you must spend money to make money drove the marketing strategy behind Costa Rica Vacations. Plenty of your focus should go into social media marketing and guerrilla marketing tactics.
Flash forward eight years, and we now have a team of 35 full-time staff operating in 18 countries. Your marketing strategy will, as with all aspects of starting a travel business, be largely dependent on your specific niche, the demographic you are after, your budget, and your bandwidth as a business. That being said, combining both paid advertising with other guerrilla tactics both online and offline will likely serve you well. Briana is a content and digital marketing specialist, editor, and writer.
She enjoys discussing business, marketing, and social media, and is a big fan of the Oxford comma. Bri is a resident of Portland, Oregon, and she can be found, infrequently, on Twitter.