ENTREPRENEUR_REPORTS[1][1] new[188] BY VIRAT.rv
ENTREPRENEUR_REPORTS[1][1] new[188] BY VIRAT.rv
ENTREPRENEUR_REPORTS[1][1] new[188] BY VIRAT.rv
“TRAVEL INDIA”
OF
B.COM (C.A)
5TH SEMESTER
I
ACKNOWLEDGMENTS
I would like to thank Melanie Neal and Dr. Bill Dean, my thesis committee, along
with Dr. Michael Schoenecke for all of your input into this thesis. I thank Linda
Greg ton who helped mold a perfect degree for me. I appreciate the support that
my husband. Glen, and supervisor, Maria, have given me through proofreading and
listening. The encouragement these two gave me enabled me to finally complete
this paper. My family has been instrumental in backing my decisions throughout
my college tenure. I value all of the time and energy everyone spent on me, and I
can only promise to pay it forward.
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TABLE OF CONTENTS
S. No. CONTENT
1. REGISTRATION
2. INTRODUCTION TO TRAVEL INDIA
3. GENERAL OBJECTIVES AND GOALS
4. MISSON AND VISION OF TRAVEL INDIA
5. BUDGETS OF TRAVEL INDIA
6. SOURCES OF FUNDS
7. INVESTMENT ON HARDWARE
9. TEAM CREATION
10. RISE OF ONLINE TRAVEL AGENCIES
11 PROMOTIONAL CONSIDERATIONS
12. EVALUATING COMPETITORS
13. SERVICES PROVIDED
14. EXPENSES OF TRAVEL INDIA
15. PLANNING FOR PROBLEMS
16. CONTACT US
17. CONCLUSION
18. REFERENCES
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CHAPTER 01
REGISTRATION :-
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CHAPTER 02
Vacations are replete with lots of fresh air and sunshine and they are tempting too because you
are not habitual of experiencing this in your daily routine life. We all know the life we are living
is far away from the natural beauty and the harsh reality is that we all are doing whether we like
it or not just to earn some penny for our living.
The answer is Tour and travel business, a business where you can experience the beauty of
nature, explore new areas, meet new people and make money from it too. Earlier, the tour and
travel business had a different version but these days it means designing packages of vacation
trips for families, college groups, couples etc where the package includes the traveling, hotel,
food &beverages, and entertainment stuff.
Travel India is an online platform which providing services related to vacasions, Holidays in all
over the India. Travel India providing packages of different holidays offers with family, couple,
students, friends, etc. Anyone can enjoy our services with lots of joy and happiness. In our
website the full preplanned packages are available to the customers which are very attractive in
our packages all plannings are mentioned.
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CHAPTER 03
1. Provide a high standard of services suitable for individuals seeking relaxing, comfortable
and memorable experiences in the hospitality and tourism industry.
2. Provide the tourist market with the quality personal required by the tourism industry.
3. Produce expeditions and memories that would satisfy each and every single of the
customers.
4. Evaluate current cultural, economic, and social issues affecting the tourism and travel
industry.
5. Participate in both local and regional community service by providing general lectures,
consultation, and training programs.
Set Revenue Goals. As travel opens up, you should do your very best to anticipate your
revenue growth. ...
Sell Expertise, Security and Support. ...
Focus on Your Niche. ...
Post Pandemic Travel Experience. ...
Post Pandemic Travel Video Marketing.
MISSION
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VISION
We believe that tourism should help improve the satisfaction and experience of tourist. In every
way possible, Vacation & Nightlife Planners PR is committed to the realization of this vision as
we strive to be recognized by organizations and travelers alike as one of Puerto Rico’s most
outstanding centre of tourism planning and tours. We aim to be a recognized and certified program
by 2022.
• Encourage innovation, research, and quality information exchange within the Tourism
community and among stakeholders in tourism and allied industries.
• Foster excellence in all the activities by developing appropriate physical, social and cultural
environments, and by fostering a solid partnership with industry and the wider community.
GOALS
The main goal or function of a tour operator is to organize the services being provided to the
customer, such as transportation and accommodations.
The Department of Tourism (DOT) is mandated to encourage, promote, and develop tourism as a
major socio-economic activity to generate foreign currency and local employment and to spread
the benefits of tourism to a wider segment of the population with the support, assistance, and
cooperation of both the private and ...
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CHAPTER 04
The first step is to try and ascertain how much money you can spend on business travel without
jeopardizing other essentials such as rent and payroll.
If business travel is starting to pick up again for your company, a good place to start to get a steer
of realistic travel costs is to look into past travel patterns, such as:
From here, you can begin to work out what an average business travel trip would cost and decide
what budget would be realistic based on your current travel needs and the company’s goals for
the future. Ultimately, anything you spend on business travel needs to be justified for the return
on investment it can potentially bring to your business.
You’ll also need to make sure that you’re considering different teams’ needs when allocating
your budget. Sales teams, for example, tend to travel more frequently than less customer-facing
roles.
Based on these initial calculations, you’ll then need to decide what business travel expenses
employees can claim and compare your current income to your current expenses. This should
give you an idea of how much you should set aside for business trips.
Are there certain times of the year that are busier for your organization than others? Do members
of your C-Suite or business development teams attend more conferences and networking events
at key times of the year? All of these elements should also be factored into your business travel
budget.
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You’ll also need to think about other external factors which could influence how much budget
you set aside for business travel e.g. rising inflation.
Once you’ve established what budgets are realistic for your business and ways to save costs, it’s
important to make sure everyone is on the same page.
Many employees consider business travel a perk, and, of course, we agree! But keeping costs
under control is essential, especially if you’re a small business.
The best way to do this is to have a clear corporate travel policy that travelers have easy access
to.
A travel policy will typically contain guides on the booking process, expense categories, expense
reporting, and more importantly, reimbursable and non-reimbursable purchases. This ensures
employees are well informed of what expenses qualify as business travel spending.
If you’re not sure where to begin, download our travel policy template to get started.
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CHAPTER 05
SOURCES OF FUNDS
The main sources of funding are retained earnings, debt capital, and equity capital.
Companies use retained earnings from business operations to expand or distribute
dividends to their shareholders.
Businesses raise funds by borrowing debt privately from a bank or by going public
(issuing debt securities).
Companies obtain equity funding by exchanging ownership rights for cash coming from
equity investors.
Companies need to raise capital in order to invest in new projects and grow.
Retained earnings, debt capital, and equity capital are three ways companies can raise capital.
Using retained earnings means companies don't owe anything but shareholders may expect an
increase in profits.
Companies raise debt capital by borrowing from lenders and by issuing corporate debt in the
form of bonds.
Equity capital, which comes from external investors, costs nothing but has no tax benefits.
We can raise funds from our partners who are willing to invest.
Funding sources also include private equity, venture capital, donations, grants, and subsidies at
do not have a direct requirement for return on investment (ROI), except for private equity
and venture capital. They are also called “crowdfunding” or “soft funding.”
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Pre-application steps and loan process
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CHAPTER 06
INVESTMENT ON TECHNOLOGY
Mobile technology
Smartphones are an integral part of many people's lives. Smartphones are communication
devices, planners, maps, personal travel guides and restaurant locators, among other things.
That's why many businesses have made mobile technology part of their business plans.
Here are some items that businesses have created for users:
Mobile apps. Southwest Airlines is one of many businesses that provides a mobile
app to travelers. Here, people can book and check in for flights, check a flight's
status, and access their boarding pass and rewards account. Some companies, such as
Hilton, even offer the option for digital room keys using an app.
In-app chat. JetBlue also has a mobile app. Included in it is an in-app chat feature
that enables users to talk to employees while on the go for quick assistance -- part
of JetBlue's customer engagement strategy. This can be especially beneficial when
travelers face long customer service lines at the airport .
Virtual queues. Virtual queues enable travelers to join a line without physically
waiting with other people for what can sometimes be hours. Harry Potter New York
is one such store that offers this type of queue. To join the queue, visitors scan a QR
code with their smartphone at the store and enter their group's details. Visitors then
get a text when it's their turn to enter the store.
QR codes for menus. At the onset of the pandemic, many restaurants provided
QR codes to customers for virtual menus while dining in. This eliminated the
potentially germy touchpoint of physical menus. One such restaurant to do this was
Shorty's Mexican Roadhouse in New Hampshire. Customers scan a QR code with
their smartphone, and the restaurant's menu appears on their device.
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Contactless payments
Contactless payment methods have also become increasingly popular in the tourism industry.
The pandemic made it almost a necessity, as people shied away from physical card and cash
exchanges. Contactless payments work by holding a credit card – or other device such as a
smartphone, watch or key fob -- near a card reader. The user's device communicates with the
reader using RFID technology, instead of swiping a magnetic strip or inserting a credit card into
a machine.
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CHAPTER 07
TEAM CREATION
We need an effective team for our online agency so we can compete against all
other competitors in online travel market.
Our work usually online so we have to set up a technical department , which can
manage our website and apps and security of our platform.
Also , a graphic designer was required In our Travel India team so we can easily
make posters and promotional activities for social media.
We also required a photo editor, video editor video recorder team of experts which
can manage our online promotional activities.
Team of people which can analyze data of travelers from different agencies , and
persuade them to enroll in our packages.
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CHAPTER:- 08
RISE OF ONLINE TRAVEL AGENCY
The online travel market is expected to grow 18% in 2022 to $76.7 billion, a figure
just shy of 2019 gross bookings, new research from Phocuswright reveals.
According to the U.S. Online Travel Agency Market Report 2021-2025, OTA
gross bookings are on track to surpass pre-pandemic levels in 2023, though
international travel will continue to recover slower than domestic.
For 2021, OTAs delivered $65.2 in gross bookings, reaching 82% of pre-pandemic
levels. Overall, OTAs accounted for 24% of gross bookings in the United States in
2021, up from a 20% share in 2020.
Phocuswright’s research reveals that for the U.S. core OTA business (excluding
Vrbo and Egencia), Expedia and Booking collectively accounted for roughly 93%
of the OTA leisure and unmanaged travel business market in 2021.
Globally, Expedia reported gross bookings of 67% and Booking 79% compared to
2019 levels. Compared to 2020, Expedia nearly doubled its global gross bookings
in 2021, while Booking more than doubled its 2020 figure.
In 2021, OTAs regained share of the total online market, rising from 35% to 37%.
However, supplier websites maintained their majority stake in the U.S. online
travel market, with a 63% share of online gross bookings.
The hotel segment remains the only one where OTAs continue to outrun supplier
websites, though not by much. In 2021, OTAs accounted for 52% of the hotel
online market, but share is expected to decline to 48% in 2025.
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For air and car rentals, though supplier websites are the preferred booking channel,
OTAs gained share in both segments, with online air gross bookings capturing
20% in 2021 compared to 19% in 2020, and car rentals at 35%, up from 32% in
2020.
Mobile
In 2021, the majority of Booking’s mobile room nights transacted through its app,
while competitor Expedia has expressed its intentions of becoming an app-first
company.
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CHAPTER:- 10
PROMOTIONAL CONSIDERATIONS
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Our “Travel India” active on social media
As an online travel agency we have to promote our website threw online social
media such as telegram , youtube, Instagram, whatsapp , twitter etc.
Our Travel India has an official accounts on social media , for promoting
promotional activities.
We have also implemented our websites links {social media} , where thousands of
people have joined already.
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CHAPTER:- 11
Evaluating competitors
Competitors
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XOLA:- Xola builds modern, easy-to-use, booking and marketing software for
tour and activity businesses. Save time, grow your business, and boost your
competitive edge with the industry's.
1. Competitive Pricing
2. Course Enrollment {Most Popular}
3. Education Quality
4. Problems for students studying online
5. Company which includes mocks and practice questions
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CHAPTER :-12
XXI
CHAPTER 13
1. HARDWARE
1 Computer @ 20000rs
2. Camera @ 4000rs
3. Microphone @ 1500rs
4. Accessories @ 45000rs
2. SOFTWARE
1.Recording Software @ 500rs per months
2.Course website @ 1200rs per month
3.Email Marketing Service @ 800 per month
3. SERVICES
1.EDITING @ 2000rs per month
2.DESIGN @ 1500rs per month
3.Marketing @ 1500rs per month
4.Distribution @ 1000rs per month
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CHAPTER 14
3. Make Booking Procedure more Convenient You must be thinking that calling and
booking your services is easy, however, your customers may not feel the same. This mobile era
is very convenient but competitive, where people use smartphones for almost everything. You
must throw away the tedious and complicated old booking process. You’d better move to an
upgraded booking process and simultaneously, you need to have an insightful booking dashboard
to handle everything. Apart from that, follow the tips below. Tips for better booking process:
Have a partnership with those service providers giving online booking facilities by means of
apps or websites. You can also get your customized Travel agency invoice software as per your
agency needs which can be integrated in your booking portals. Keep multiple options available
for customers to choose one as per their convenience.
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4. Dealing with Duplicate Data Entries As a travel business, you must be receiving
a great deal of data from different sources like website, call center, social media, resellers and so
on. And, it makes you create double entries, which means to create twice the same buyer
persona. Although it’s not hard for you to tackle different lead sources by getting rid of
duplicated data, it will consume a great deal of time of yours. Moreover, you will need excellent
communication within your team and even between multiple agencies if necessary. As we all
know that it’s unwise to shoot an advertisement at the same prospect twice. Get rid of this
problem by following the tips given below: Have an advanced system that can indicate
duplicated data immediately on detection. Your system must be advanced enough to let know
when you are about to send an advertisement to a single prospect twice to prevent you from
doing so.
6. Expense Management It’s not easy to be aware of every single penny spent if you are
managing your expenses manually. Travel businesses, like others, have to spend a lot on
advertising, purchasing new technology-powered tools, customer service, and so on. Moreover,
it’s wise to have some financial backup for the future. But, how can manage your business
expenses properly? You should use a cutting-edge expense management software . A single
convenient dashboard of expense software can help you with keeping a track of all your accounts
payable and reports. It will be much easier for you to maintain a record of expenses happening
regularly, and you can conveniently import expense files on the dashboard. Apart from that, you
can create searchable categories and analyze reports country wise.
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CHAPTER :-16
CONTACT US
+91 8982391668
EMAIL ID – [email protected]
INSTAGRAM ID @ TRAVELINDIA137
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CHAPTER :– 17
CONCLUSION
Travellers continue to seek authentic experiences. The tools they use to research
and book these experiences are constantly changing due to innovations in
technology. Destinations are also challenged by limited financial resources and
strong competition for tourist dollars from other iconic and even lesser known
locations. The personalisation of travel suggests that independent travel will have a
stronger presence than group travel, however, we must always consider the type of
traveller. The travel services sector is being forced to innovate at a startling rate.
In the past, face to face consultations with a travel agent was paramount for
booking both leisure and business travel. Technology and global circumstances,
such as pandemics, financial collapses, and terrorism, have put pressure on tourism
and travel services. With the development of OTAs and emerging and disruptive
technologies, the travel services landscape is constantly changing.
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CHAPTER :-18
REFERENCES
https://opentextbc.ca/introtourism2e/chapter/7-conclusion/
https://www.google.com/search?q=Conclution+for+travel+agency&
rlz=1C1RXQR_enIN1034IN1034&oq=Conclution+for+travel+agenc
y&aqs=chrome..69i57j0i13i512j0i22i30j0i390.13565j1j15&sourceid=
chrome&ie=UTF-8
https://www.google.com/search?q=problems+in+travels+agencies&r
lz=1C1RXQR_enIN1034IN1034&oq=&aqs=chrome.1.69i59i450l8.1
447100588j0j15&sourceid=chrome&ie=UTF-8
https://www.g2.com/products/travel-agent/competitors/alternatives
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