What are the steps to start your own travel agency in India?

By CNBCTV18.com IST (Released)

One of the most crucial steps in answering the question “how to start a travel agency in India” is to register as a legitimate tour operator or agency with the Indian government.

Tourism in India is growing at a rate of 14% per year despite the global epidemic. There has never been a better time to launch a travel agency in the country than now. However, planning and foresight are necessary.

Starting your travel agency involves a number of steps, including acquiring the necessary licenses, forming partnerships with hotels and airlines, sorting out visa processes, and finding the best financing options for you. businesses.

Below, we’ll go into more detail about our investigation.

1) Determine the type of business you want to start.

When you open a travel agency, will you be the sole proprietor or will you have other business partners? You can file for incorporation as a limited liability company or a limited liability company, depending on the composition of the business ownership (LLP). However, be aware that the registration conditions may change depending on your choice. Similarly, subsidies and benefits, such as low interest rates on business loans, would vary widely between financial institutions.

2) Initiate IATA check-in

There is no need for a travel agency that specializes in booking train tickets and vacation packages in today’s market. Air transport is the most important to provide, but you should also include other options. Since the vast majority of bus, train and boat travel stays within national borders, the International Air Transport Association (IATA) stamp of approval is not required when booking international flights.

Validation by IATA or the International Air Transport Association confers legitimacy on any travel agency, regardless of its duration of activity. The association only certifies travel agencies with its seal of approval if they meet strict criteria. Along with offering several worldwide aviation benefits and services, it also hosts free training courses for the development of travel agents.

3) Be officially recognized by the Indian government.

One of the most crucial steps in answering the question “how to start a travel agency in India” is to register as a legitimate tour operator or agency with the Indian government. It’s not mandatory, however, it’s something we strongly suggest you do. It’s a seal that verifies the credibility of your organization, so it’s worth repeating.

Tourists to India expect a special level of service from any government-recognized travel agency. That’s why they’ll choose you over the unlicensed competition.

4) Register for a GST number

Goods and Services Tax (GST) registration is an essential step for any Indian tour operator. The collection of goods and services tax is an essential part of operating a business in this sector and cannot take place without this registration. So don’t start your travel agency business until you have your GSTIN number in hand.

Do you already have a solid business strategy for your travel agency and are you now looking for funding? You can get business financing at some of the lowest possible interest rates from many banks and companies, which will be a boon when trying to start and sustain your travel business.

Before you apply, you can see what your monthly payments would look like using the Business Loan EMI Calculator.

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