Top 10 Best Travel and Tourism Business ideas [2020]

The business ideas in the travel and tourism industry abound and can be varied as there are many components that directly and indirectly influence its operations. Airlines, hotels, resorts, car rentals, money changers, travel agents, tourist entertainment and shopping are all grouped under businesses in the travel and tourism sector. If you are looking for starting a business in travel, hospitality, and tourism, here are 10 best yet innovative business ideas you can choose from. 

Adventure tourism

Adventure tourism is a term referring to the participation of tourists in adventure activities. It isn’t surprising to know that the places that provide a feasible environment for various adventurous activities such as mountaineering, trekking, river rafting, golf playing, etc are the best location where an adventure tourism business is primed for success.

Medical tourism

The advent of the internet leads to the popularity of medical tourism because communication was made easy by it. Medial tourism deals in planning trip relatively at cheaper costs for people who travel abroad for medical care. The beauty of the medical tourism business is that you can do it even when you are for vacations.

Travel agency

While medical tourism is targeted at specialized markets, a general travel agency can be a profitable business targeted to the public. A travel agency deals in making necessary arrangements for travelers i.e booking air tickets, hotel rooms, etc.

Boutique hotel 

Many tourists nowadays prefer staying in boutique hotels and youth hostels compared to largely sized hotel chains. The reasons according to Christine Sarkis that spur travelers to stay in boutique hotels are their inexpensiveness and convenience compared to hotel chains. With this in mind, you may build 6-12 rooms based boutique hotel at your local destination.

Corporate travel management 

Business or corporate travel management provides travel services to corporations, professionals, executives and frequent fliers. The services include customized travel solutions, discounted fares, and hotel accommodations as well as any other service that completes a business trip.

Travel photography

One of the interesting business opportunities in the travel and tourism industry is travel photography. The road is tough but this can be a rewarding business if everything goes well. The income in this business is mainly based on an Assignment basis and on Stock sales.

Bed and breakfast

Unlike most hotels where you usually find fifty, sixty and even more guest rooms, you can start a 6 to 10 guest room based building to offer bed and breakfast to travelers in your tourist town.

Fastfood kiosk 

Unlike restaurants that take a very long time to get food on the table, fast food kiosks are quick, convenient and fully self-serving. As a result, most tourists today prefer to visit them to eat their meals and therefore, make opening a fast-food kiosk near a tourist destination a compelling opportunity these days.

Travel consultant

Though the birth of internet portals have drastically impacted the jobs of travel consultants over the years, we don’t agree that they have lost their relevance today. In fact, they are in good demand even today. Hence, you could also think about becoming a travel consultant if you have gained some traveling experience.

Become a translator 

Travelers, most of the time seek help from interpreters so as to understand the local unfamiliar languages. The most essential prerequisite that you need to have in order to run a language translation business is that you should have the ability to speak English, Spanish, etc like languages.

Rais Dar

Brought to you by Rais Dar who is a business consultant, and a senior editor at StartupDailyTips. He trains and teaches entrepreneurship, startup education,, digital marketing, and blogging.

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