Best Travel & Tourism Franchise Opportunities

Best Travel & Tourism Franchise Opportunities

The tourism and travel industry is has a lot to offer in terms of business opportunities. In India, the industry contributes 9.6 per cent GDP of the country and it is pegged that by 2021 the GDP from this industry will contribute $147.96 billion, according to the IBEF report. if you are looking Best Travel & Tourism Franchise Opportunities FIND HERE

The report also revealed that in 2016 the foreign tourist visits were about 8.8 million and by 2025 it will increase to 15.3 million. These current trends reveal that industry is poised to grow which enhance the probability of doing a successful business. But a business only does well if the idea is good and there is a need for it. Companies like Cox & Kings, Akbar Travels, Mahindra Holidays, M Taxi provide franchise oppotunity

In 2015, there were 8.03 million international tourist arrivals in India. This was a large increase from the 2.65 million seen just 15 years earlier in 2000.

Best Travel & Tourism Franchise Opportunities

The largest source market for visitors to India was the United States, followed by Bangladesh and the United Kingdom. Outbound travel from India is also on the rise: approximately 1.1 million Indian nationals travelled to the U.S. in 2015. This figure was forecasted to rise to 1.41 million in 2020. Europe is even more popular, with 2.4 million Indian tourists travelling there in 2016.

Accommodation prices in India have been decreasing in recent years. The average daily rate of hotels seen the lowest price in a decade in 2016, at 85 U.S. dollars. Despite the falling ADR, the occupancy rate of the hotel industry in India has remained stable over the last ten years at around 60% annually.

The travel and tourism industry contributed a total of 208.9 billion U.S. dollars to GDP in India in 2016 – this accounted for approximately 9.6% of India’s total GDP. India had the second highest total tourism GDP contribution in Asia- Pacific, behind China in 2016. India’s contribution was more than double that of Thailand which had the third largest travel and tourism contribution. The industry also has a substantial effect on employment in India. In 2016, the sector directly provided more than 25.4 million jobs.

Franchise in India is a mission of Franchising Time in which Travel & Tours franchise is key franchise business opportunity. Travel & Tours franchise is a major part of the franchise business and also a great opportunity to start your own business. There are all kinds of Travel & Tours franchises – including a travel agency, travel advisory, business trip planner, visa-passport assistance, study abroad, employment abroad etc.

Interested in Travel & Tours franchise? Somewhere in this franchise category, there is probably some Travel & Tours franchise that is just right for you! Simply click on below Travel & Tours franchise opportunities to access their franchise information to start a franchise in India.

Best Travel & Tourism Franchise Opportunities FIND HERE

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