Get the Tata Capital App to apply for Loans & manage your account. Download Now

Blogs

SUPPORT

Menu  
 
Apply Now
Apply Now

Tata Capital > Blog > How to Start a Travel Agency In India

Loan for Business

How to Start a Travel Agency In India

How to Start a Travel Agency In India

Despite the pandemic, the tourism industry in India is growing at an annual rate of 14%. So, it’s safe to say that now is as good a time as any to start your travel agency business in the country. But you need to be strategic and organised about it. 

Starting a travel agency means getting the right licenses, partnering with airlines and hotels, figuring out visa procedures, finding the best business loan offers, among other things!

Let’s explore in detail below.

Steps to Start a Travel Agency in India:

1. Decide the kind of company you want to form

Are you planning to be the sole owner of your travel agency, or do you have partners? Depending on the nature of your ownership, you can register the company as either a private limited company or a Limited Liability Partnership (LLP). But whatever you decide, know that compliances for registering will vary accordingly. And so will benefits and subsidies like affordable business loan interest rates from lender to lender.

2. Register with IATA

In today’s tourism scenario, there’s no point in opening a travel agency that only books tour packages and tickets via trains. You must cover all modes of transportation – rail, land, water, and most importantly, air. While road, rail and water travel does not require a mandatory registration, as most of it happens domestically, international air travel bookings require the IATA seal.

A travel agency, old or new, gains worldwide credibility if they are approved by the International Air Transport Association (IATA). This Association awards its seals to travel agencies once they fulfil certain norms. It also conducts free training workshops for the professional development of travel agents and provides several benefits and air services around the globe.    

Additional Read – How to Choose the Right Business Loan for Your Startup

3. Register with the Government of India

Another important answer to how to start a travel agency in India is by becoming a Government of India approved travel agent or agency. It is not mandatory, but we strongly recommend it. Again, it’s a seal that will award your agency a legitimate status.

When you’re a registered and approved travel agency by the Indian government, travellers expect you to adhere to a certain standard. This is also why they will choose you over the non-registered travel agencies.  

4. Get a GST registration number

No talk on how to start a travel agency in India is complete without mentioning GST registration. Without this registration, you won’t be able to collect Goods and Services Tax (GST) – a mandatory requirement when running a business of this kind. So, open the doors of your travel agency only once you receive your GSTIN (Goods and Services Tax Identification Number).

Additional Read – How to Submit Your Business Loan Documents like a Pro and Get Them Approved?

The final word

Are you ready with your travel agency’s business plan and are looking for finance to finally launch it? Turn to Tata Capital for some of the most affordable interest rates on business finance that help cover all potential expenses of starting and running your travel agency.

You can also check the nature of EMIs you’ll be paying with by using a business loan EMI calculator on our website before applying.

Apply For Business Loan

Give Your Business the Right Boost: Apply for a Business Loan Today

Apply now
Popular Searches
business idea udyogini scheme hsn code full form low investment business ideas top 10 most successful businesses to start transport business import export business in india mineral water plant cost collateral free loans
More About Loans
business loan msme loans gst interest calculator business loan for women small business loans business loan prepayment business loan calculator business loan interest rates business loan documents od limit for business od interest rate loan foreclosure calculator
Disclaimer

Most Viewed Blogs

Trending Blogs

Calculator

Personal Loan EMI Calculator

Personal Loan EMI Calculator
Home Loan EMI Calculator

Home Loan EMI Calculator
Business Loan EMI Calculator

Business Loan EMI Calculator
Used Car Loan EMI Calculator

Used Car Loan EMI Calculator
Two Wheeler Loan EMI Calculator

Two Wheeler Loan EMI Calculator
Loan Against Securities Calculator

Loan Against Securities Calculator
Loan Against Property Calculator

Loan Against Property Calculator
More Tools