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Travel and Tours has become part of the everyday life of everybody.
At one point in life everyone would want to change his/her location whether locally or internationally and this has made that travels and tours industry one of the largest in history.
how travel agents make money
Travel and tourism has been rated as the second most-popular choice for discretionary spending.
Travelling and Tours Stats You Should know.
Now You wonder if the truth about the booming Travel and Tours industry are actually true ?
Here are some few facts to justify that.
1. 2.7% of the nation’s gross domestic product (GDP) attributed to travel and tourism .
2. Business travel accounted for $317.2 billion in spending in 2017
3. Leisure travel accounted for $718.4 billion in spending in 2017 and this is expected to increase as the years roll by.
4. Americans spend $101.1 Billion on summer vacations annually.
5. On average, Americans will spend $1,978 on summer vacations annually.
6. The average international trip for American travelers now costs $6,080.
7. Vacationing millennial (ages 18-34) spent, on average, $1,373 on summer vacations.
8. 56% of travelers aged 25-34, spend $500-$1500 for a one week trip, excluding airfare.
9. Baby Boomers (ages 55+) spent an average of $1,865 on summer vacations.
10. Generation X will spend up to $5,434 on travel and millennials up to $6,802 in 2018.
11. Lodging costs are about 26% of total travel expenditures for domestic trips, and 21% for international trips.
12.Over $220.4 million was spent on lodging in 2017.
13. Food plus alcohol take up about 16% of the budget for an American’s international trips, and about 27% of their domestic trips.
14. 80% of families take a vacation during summer.
15. 60% of family travelers prefer hotels for accommodation, 21% prefer resorts, and 17% prefer to stay with family and friends
16. Hotels and flights are booked in advance of 12 weeks and within the 3 months prior to the trip date.
17. International arrivals are expected to amount o 1.8 billion trips by 2024, and domestic tourism is expected to reach 19 billion
So many components come together to form the aviation industry and a few of them includes Airlines, Hotels, Tourist centers and the ultimate of all are the travel agents.
The travel agents are most needed factor and they are assigned with the duties of facilitating the travelers from one destination to the other.
Especially when it comes to honeymoons or bucket-list trips that have a lot of moving parts — coordinating tour companies.
how much money do travel agents make
Who is a Travel Agent ?.
A Travel Agent is a person whose job it is to arrange travel for end clients which in most cases can be individuals, groups or organization on behalf of travel suppliers such as Airlines, hotels, travel and tour destination.
You don’t need a specific career background to become a travel agent.
So if you’re looking into how to become a travel agent for a fresh career start, that’s totally OK.
You have to start somewhere on your path to becoming a travel agent, and the sooner you jump in, the sooner you’ll build your client base.
international travel agency
Requirements Needed to become a Travel Agent.
In most cases a degree in Tourism or sales is usually required but you can get started even without that
Here are some very few guidelines to help you guide you to becoming a world class travel agent that makes money
1. Certifications Global distribution system(G.D.S).
Becoming a Travel agent requires some level of training and the essence of this is to build brand trust for people to be able to confide in.
The level of trust that can be acquired overtime is determined by the level or credibility acquired over time .
There are various global bodies that regulates the travel industry and a few of them and offer certification and they are.
Apollo Asia Travel Group is a Group of Destination Management Companies operating in Malaysia, Singapore, Thailand, Indonesia, India & UAE.
Apollo has been recognized as a Top-Rated Tour wholesaler with its state-of-the-art technology & service delivery systems.
Amadeus is a travel technology company that builds critical solutions that help airlines and airports, hotels and railways, search engines, travel agencies, tour operators and other travel players to run their operations and improve the travel experience, billions of times a year, all over the world.
through its Amadeus CRS distribution business area. It also offers computer software that automates processes such as reservations, inventory management software and departure control systems.
It services customers including airlines, hotels, tour operators, insurers, car rental and railway companies, ferry and cruise lines, travel agencies and individual travelers directly.
Sabre Corporation is a travel technology company based in South lake, Texas.
It is the largest Global Distribution Systems provider for air bookings in North America.
Galileo is part of the Travel port group of companies and as of 2017 had a worldwide market share of 21% for airline bookings.
In addition to airlines Galileo can be used to book trains, cruises, car rental and hotel rooms.
All Galileo courses are recognized all over the world and are fully compliant with IATA’s GDS (International Air Transport Association’s Global Distribution Systems) requirements
Or else you intend to become an underrated travel agency with very little trust then you can choose to skip the above certifications offered by these aviation regulatory bodies.
They can be acquired via an aviation school or a certified travel agency.
While some four-year colleges, community colleges, and trade schools offer tourism certifications, it is not a requirement for those trying to become a travel agent.
Certificates of tourism can be very helpful
2. Registered Business.
No matter where you intend to do your business, You need to abide by the laws of the land and a few of them are payment of taxes and the right to do business in the land or territory where your business is located.
In Nigeria the body responsible for the registration of business is the C.A.C (Cooprate Affairs Commision).
You can get your businesses registered in Nigeria in less that 90 days.
It differs in various part of the world.
A website provides you with a viable online presence.
owning a website as a travel agents allows you to display your portfolio and this however makes you legit to any potential client in need of your service.
The link below shows you to create a website.
You should also optimize your website for search engine visibility.
And also subscribe to the use of Social media advertising.
This helps you gain potential clients over time.
starting a travel agency
4. IATA (International Air Travel Association)
IATA is an international trade body, created 70 years ago by a group of airlines.
Today, IATA represents some 250 airlines comprising 84% of total air traffic.
The International Air Transport Association is a trade association of the world’s airlines founded in 1945.
IATA has been described as a cartel since, in addition to setting technical standards for airline, IATA also organized tariff conferences that served as a forum for price fixing.
IATA accreditation greatly simplifies the business relationship between travel agents and airlines.
Some 60,000 IATA travel agents worldwide currently benefit from IATA accreditation, selling US $220 billion worth of airline tickets on behalf of IATA airline members.
Here are a few things you stand to benefit as an IATA accredited agent.
1. Access to IATA airline members with a single Sales Agency Agreement which authorizes the sale of international and/or domestic tickets.
2. Unique identification throughout the global travel industry with the “IATA Numeric Code”.
3. Professional recognition – eligible agency employees can apply for the IATA/IATAN ID Card – giving access to travel suppliers’ concessionary offers
You can click the link to learn more.
top travel agencies
Top Travel Agents In The World.
Here are some very few and notable travel agents worldwide.
BookIt.com offers travelers the most intuitive online travel services available.
Their easy-to-navigate website makes booking hotels, airfare and rental cars quick and easy.
Booking.com is a website that helps travelers find discounted rooms in hotels, villas and apartments around the world.
Members can place and cancel reservations through the site instead of contacting hotels directly.
Expedia is an online travel agency founded by Microsoft in 2001. The site helps people find and schedule diverse travel services, including car rentals, flights and hotels.
It also recommends activities in destination cities.
Hotels.com is an online travel agency that specializes in helping people find and book reservations at hotels, condos, bed and breakfasts and more.
The company was founded in 1991 and joined Expedia Inc. in 2002.
Founded in 2000, Hotwire.com is a discount travel agency that lets individuals research and reserve travel services online.
Hotwire.com became a part of Expedia in 2005, but it still maintains its original website.
flight booking agents
Top Travel Agents In Nigeria.
Nigeria with the population of over 200 million people is a leading industry for travels in Africa.
Here are the very first and top leading Nigerian Travel agencies to subscribe to.
Wakanow is Africa’s leading, full-service online travel company.
Wakanow provide customers with a one-stop booking portal for Affordable Flights, Hotels, Visa Assistance, Holiday Packages, Airport Transfers, an international Travel SIM, a Prepaid Travel Card, a Loyalty program, and much more.
The online portal gives customers the power of choice from a broad selection of top travel deals, and the ability to research, plan and book their domestic and international travel from the comfort of their homes.
The IATA code is 59-211806 while the incorporation number is RC:725,248.
MayFair offers Reservations on most IATA airlines worldwide, Travel Consultation, Business Travel, Itinerary planning, Information on Airlines Policies, Prepaid Ticket Advice and Airlines sales Promotions
Their IATA Code is 59201542 while their RC number is RC:79432
This is one of the top travel agencies in Nigeria. This travel agency was incorporated in 1997.
Three years later, it got its license as IATA approved agent. That was in 2000 to be exact.
It is one of the leading travel agencies in Nigeria. It offers a range of travel related services in their standard ways.
Their IATA code is 59-211714 while their incorporation number is RC:319,747.
How To Make Money As a Travel Agent.
1. Ticketing and Reservation.
Ticketing and Reservation is the process that involves booking airline travel tickets and hotel reservations.
This is the fastest means of making money as a travel agent.
To make money via ticketing and reservation you need to have a website at least coupled with a fully build API backed ticketing and reservation functionality that can be drawn from Global distribution system such as Amadeus.
You can also earn money also by booking tickets and Hotel reservations for individuals, groups and companies.
Booking and reservation can be done at a cheaper rate at other booking website.
Gain can be made by charging the clients a service fee from the client.
2. Travel and Tourism.
According to the travel and Tourism stats as stated above.
International arrivals are expected to amount o 1.8 billion trips by 2024, and domestic tourism is expected to reach 19 billion dollars in revenue.
This literally means that the travel and Tours industry is getting bigger and bigger.
So many people take travel trips annually and this is increasing yearly.
You can cook out travel and Tour Packages for newly weds ,cooperate organizations, international students and individuals who intend to travel world wide.
3. Blogging and Training.
Blogging travel information is another sure way of making money as a travel agent.
You can add a blog functionality alongside your website and monetize it.
You can click to link to learn about creating a blog.
4. Visa Consultancy.
So many people desire to cross borders from one nation to the other and they are in need of an expert to put them through their visa application and guide them on handling the countries High commission.
5. Affiliate Marketing.
Starting out as a new travel agent you are very likely to find it very rough but you can enjoy safe haven by becoming a middle man for other top travel agencies that offer affiliation.
Travel agencies like Booking.com allows you to earn commission on every booking made on their portal referred by you.
I recommend you read my article on affiliate marketing.
You are sure to find the best travel company that suites your needs.
Becoming a travel agent will likely mean starting your own business. On the plus side, in terms of starting a business, becoming a travel agent comes with relatively little overhead.
Just because travelers aren’t calling up an agent every time they need to book a quick flight doesn’t mean they don’t want to consult an expert for a big trip.