Tag Archives: Agency

Choosing the Right Airline Travel Agency

A good and reliable airline travel agency unlocks more options and a wider range of services compared to what can be searched on the internet. Moreover, being able to converse with real people at a physical location is found to be more convenient and comforting to many flight customers. It is significant to know that in case any problems occur, there is a travel agency to help resolve the conflict.

Generally, anyone can claim to have travel agencies just by operating businesses. In the United States, it is said that the eleven states which demand business registration only call for filling out of a form and paying fees. With these, the bigger problem lies on which travel agency a customer can trust for the hassle-free experience when it comes to buying airplane tickets. This article will discuss the several factors that customers may consider in choosing the right airline travel agency.

Factors to Consider

The first factor to consider is the agency’s basic services. It is important to know about their hotline, the number of days they are open in a week, amateur or professional email addresses, as well as their internet connection. These are deciding factors so customers will know whether they can instantly reach the company after sending an e-mail or calling the company’s landline in just a minute or two.

After this, it is also recommendable to examine the size of the agency. However, bigger agencies are not necessarily better compared to the smaller ones. If the flight is intended for an individual or a family, a smaller agency might be more compatible. Conversely, if the flight being managed is for a group of a thousand people, then bigger agencies might provide better services.

Moreover, the reputation of the agency should also be noted. Being able to know what previous customers experienced with the agency and its services can build or break the trust of potential customers. Opinions of family members, relatives, co-workers, or friends who had past experiences with various agencies is a good start in choosing the right one.

The fourth factor is the agency’s speciality on a specific travel type. There are two types of travel – business and leisure. While all agencies might be willing to help, if a specific agency specializes on business travels rather than leisure travels, it is more likely that its services more corporate-focused. Customers need to keep this in mind and straightforwardly ask the agency about the primary travel type it can serve.

Lastly, the packages and promos offered by travel agencies can be a plus factor, especially to those with limited budgets. Comparing travel promos of various agencies can determine which one is the most affordable despite having the same set of services. Customers, however, should be aware that there are agencies with little or no background which are providing airfare prices which are too good to be true.

While trying to minimize costs, keep the tips and ideas stated above in mind before purchasing their airplane tickets. After deliberating, customers can then proceed to what they perceive to be the right airline travel agency for them.

Due Diligence Travel Agency Acquisition Process

The due diligence review (DDR) is a critical part of the travel agency acquisition process.

There are five key objectives:

1. Identify deal-breakers, which, if unresolved could preclude pursuing the transaction any further:

• Company personnel engaged with conflicting, outside interests

• Financial commitments – employment contracts, leases from previous acquisitions, liens, etc.

• Legal/Regulatory issues- lawsuits, client complaints

– Quality of work

– Questionable accounting

– Questionable expenditures

2. Verify representations received from the seller, such as key assumptions made about employees, compensation, systems, key statistics.

3. Obtain a more detailed understanding of the business:

• Types of clients

• Business mix

• Sources of revenue

4. Obtain information vital to negotiating the transaction:

• Salary and benefit information for employees

• Inventory of furniture and equipment

• Inventory of computer systems and software

5. Identify potential transition issue or areas of focus:

• Compensation and benefit issues

• Technical and workflow process issues

• Other

The DDR is designed to assist the Due Diligence Manager (DDM) in efficiently planning, executing, and reviewing the planned transaction. Following a standardized DDR is critical to the successful completion of the review and will ensure that:

• A consistent approach is used by all due diligence team (DDT),

• A standard output (format) is created for each DDR, and

• The duplication of information gathered or requested of the owners is eliminated.

The DDM is responsible for the overall planning and final review of all work and the development of the final report.

PHASE I: Meeting/conference call with Deal Owner, Acquisition Manager and DDM

Goals:

• Communicate overall vision and strategy of the DDR.

• Share information that has already been obtained to eliminate the duplication of data- gathering efforts.

• Identify DDT members.

Reporting: Recap the discussion/decisions and provide a copy to each party.

PHASE II: Meeting/conference call with Acquisition Leader, DDM and DDT Members

Goals:

• Share new information.

• Review the need for confidentiality with acquired firm contacts and external sources (i.e., media).

PHRASE III: Meeting with DDM and Firm Owner and/or Main Contact

Goals:

• Review the DDR.

• Provide the list of items that the firm will need to produce.

Reporting: The DDM will complete the recap of each call.

PHRASE IV: Data gathering process begins with the DDM, Team Members, and Firm Owner & Contacts

Goals:

• Complete the due diligence data gathering (DDM, Firm owner/firm department contact).

• Complete the “Summary Report” memo (support team member).

PHRASE V: The DDM completes the Final Report and provides it to the Deal Owner and Acquisition Leader.

Flourish Your Business As A Travel Host And Open Your Home Based Travel Agency

Are you into traveling? Do you love to show your place to any new visitors? If so, then becoming a traveling host seems to be a great start for a bright future! You will be able to show others what your place holds, and earn lucrative bucks, in return. This travel host can be anyone, from your local reside willing to show you the place, or can be anyone else, residing in the host country for ages and well-acquainted with the changes. Furthermore, the host must be keen enough to share some of his experiences and real-life services to others. It can also help travelers to get the most of all trips. You can start your very own home based travel agency after becoming a traveler.

Difference to jot down

Now, you must be thinking about the difference between any travel host and a guide to that country. Well, the main difference lies in the charges. You will be charged some small amount for the professional tours if you compare it to the fees of professional guides. Therefore, you will end up saving a lot of money. On the other hand, the travel hosts’ services are quite good and informal, with all sorts of valid information about tourist attraction spots. They will mingle with you like a friend, and will help you to enjoy your tour more.

Offer you with customized programs

As the travel host is not any professional guide, therefore; you will not come across any set standard of the traveling program. The host will chalk out a customized plan, every time a new visitor comes his way. Therefore, even if you plan to take his service twice, you will be presented with different tours always with him. Furthermore, you have the right to decide on what to do and what not to. The best part is that you do not have to stick with any group of travelers.

Find your perfect host

If you want to diversify your home based travel agency, then you can always rely on someone more than just a travel host. You can procure the help of vehicle, guide and interpreter as a complete set. Furthermore, there are three other types of groups available, such as guide, vehicle plus guide, and interpreter plus guide. It will not just help in expanding your business, but further, help in attracting new clients. This is one of the new ways of earning bucks and leads a content life.

Benefits of Choosing a Franchise for a Travel Agency

When it comes to travel agencies, you have a few options available to you. If you love travel and have always dreamed of a travel agency franchise being the right choice for you, then you may want to know the benefits so that you can identify the right options for you to ensure you achieve success and enjoy a successful business operation moving forward.

The first benefit to choosing a franchise for a travel agency is that they already have all the essential technology in place. Think about it, when you want to start your own travel business, you are going to need a brand name, you will need to have software where you can manage your bookings, your deals and keep it updated and so much more. This software can be expensive if you have to have it custom developed for your unique needs. When it comes to buying a travel agency franchise, the technology is already there, all you have to do is install it onto your computer systems and start using it without delay.

Another benefit to this option is the marketing that you get to help you. With a franchise, the holding company will promote your business on your behalf, which means the brand is already visible the day you start your business. As you can imagine, you can’t get any better than that. You open your website for the first time and your company is known throughout your area. When it comes to this investment, you are paying for a trusted brand which is highly visible, reducing the amount of marketing that you need to achieve in order for clients to find your business and take advantage of your deals.

Buying a franchise for a travel agency comes with a wealth of support from the franchiser, another major benefit. When you are investing in a new business, having a back up support plan is something that you will cherish and appreciate, especially in the first year or more. As you become accustomed to how the software works and what is expected of you as a franchisee, the more confident you will become. But that initial support is something that you can rely on each and every day.

Of course, you don’t get any better than investing in a business that already comes with a known name. When you start your own business, you have to pay close attention to your branding, choosing a catchy name, having your logo designed and ensuring that people get to see it daily, so that they remember it to use when they want a service you provide. With a franchise for a travel agency, the name is already there, which means people already know the name, a major benefit, which can save you valuable time, energy and money in the long run.

The final benefit of a franchise for a travel agency is that you have a wider range of providers to work with. Hotels, resorts, airlines, car hire companies and tour companies will already know your company’s name. What this does is you already have the reputation with these companies, making it easier to work with them and secure the best deals to share with your clients now and moving forward.

Remember, even when looking at investing in a franchise, you want to do some research to ensure that you are making the best investment choice for you that will offer you a good return on your investment. Ensure you are completely comfortable with what is offered, what is expected of you as the franchisee and what the franchisor will do for you to ensure your success.