Travel Agency Business Plan

Hello sir I am Sundar and I want to do business and for that I am thinking of opening a travelling agency and I am here as I want to know from you the format of the Business plan for Travel Agency???

[Shaleen]

Travel agency is an organization that organizes and bargains flights, getaways, etc., for backpackers.
The significance of an all-inclusive and considerate business plan for Travel Agency cannot be exaggerated.
The format of the business plan generally centers on external sponsorship, finance from the dealers, supervision of your functions and investments, advertising and promotion of your company, and attainment of your targets and purposes.
Here I am providing you format that one should consider while formulating a business plan for Travel Agency:
-Executive Summary - describing company's area of expertise, its goals, future goals, start-up fund requirements, locating potential prospects, key competitors from which the firm seek to attain market share, sales objectives, etc.
-Major Objectives - targeted sales through various medium, strategic tie-ups, net margins, etc
-Mission - aim to connect traveler with service providers and lodging that suits the backpacker's needs and budget.
-Path to success - market positioning, quality of services offered, etc
-Company Review - details about expenses, assets, endowments, loans, funding details, etc
-Company rights details
-Various Company Locations and Services - details about agency's presence in the nation and various facilities offered by them
-Service - competitive prices, equipments, offerings, travel packages, etc.
-Market rivalry and assessment
-Sales details - through booklets for travel spots, hire car firms, leisure, direct mail, advertisements, etc
-Relationship with travel service providers and customer satisfaction
-Deployed Technology Details
-Upcoming services
-Market Assessment Summary - Industry details in various countries of the world, customer growth(through table or charts), CAGR, target market segment approach, economic trends, requirements, etc
-Rivalry and purchasing patterns
-Distributors
-Promotional programs
-Costing approach
-Sales predictions of a financial year
-Highlights
-Institutional structure
-Staff Plan
-Fiscal plan - Vital assumptions, major fiscal indicators, etc
-Estimated profit and loss
-Expected Cash flow
-Commercial percentages
-Appendix