Travel Tours Expands Southern Presence with New Mysore Store
Travel Tours, the leisure travel brand of FCM Travel Solutions, the Indian subsidiary of Flight Centre Travel Group Australia, has launched a new store in the Mysore to strengthen its presence in the southern markets. This store will be Travel Tours’ 50th such store in India and eighth in Karnataka.
Travel Tours aims to ensure its customers receive life-defining experiences every time they choose to travel with them. As such, the stores are designed to give consumers convenient access to the best tour packages and options with unbeatable pricing and quality services in leisure travel.
The store offers a wide range of services such as Domestic and International Flights, Customized and Group Holidays, Hotels, Car Transfers, Visa, Cruise vacations, Honeymoon packages, Adventure holidays and more.
Anand Menon, Brand Leader, Travel Tours, Leisure Travel Brand of FCM Travel Solutions, said, “Mysore has been a heritage city popular among domestic and international tourists for many years. Recently, the development efforts to turn it into a modern city are resulting in residents of Mysore increasingly looking to travel domestically and abroad.”
“Focusing on high potential markets like Mysore has proven to be a growth driver for Travel Tours. Our continuous efforts to bring our exclusive customer service as close to every prospective client as possible is in line with the Travel Tours expansion strategy for its Southern markets,” he added.
With the opening of this latest store, the national reach for Travel Tours’ extends to a total of 50 stores across Mumbai, Delhi, Chandigarh, Jalandhar, Ahmedabad, Vadodara, Pune, Bengaluru, Hyderabad, Kochi, Anand and Mysore via a combination of owned branches and newly opened franchise outlets.
Travel & Tourism Biz in India
Every day thousands of people move from one city to another, of which, 30% of the population travel in search of job or for education or to reach office in time, 50% of the population for attending business meetings or seminars or events, and the rest of the population is traveling to relax or for a holiday away from the daily life.
The travel and tourism in India have also emerged as one of the key growth drivers among the services sector in the country. The tourism business especially is fueled by those traveling from other countries to India for medical treatments or in search of spirituality or simply to see the varied culture distributed in mainland India.
As per the reports during 2018, FEEs from tourism increased 4.70 % year-on-year to $28.59 billion whereas FEEs during January 2019 was $2.55 billion. This sums up the situation of the travel and tourism business in India.
Requirements of an Offline Travel Service Franchise
The initial investment required for a travel service franchise would amount to Rs 10 lakhs, of which, the franchise fee would range from Rs 2-5 lakhs depending on the geographical location. The area required would be 400-600 sq feet for Tier I, II and III cities whereas for rural areas the space required would be 250-400 sq feet.
Every travel service franchise has a requirement of two sales staff as well as one receptionist, the average salaries working out to Rs 60,000. The payback period lasts up to 15-20 months and the franchise period of a travel service franchise such as Make My Trip would be five years. The earnings would be through 12% on domestic holidays and 15% on international packages, which would be split in a 60:40 ratio between the franchiser and the franchisee, respectively.