The travel industry includes several types of businesses, such as travel agencies, lodging franchises, and recreational rental businesses. Tourism is a strong industry in many parts of the world, though in some areas it may be affected by seasonal weather and other factors. There may be both physical and online travel businesses for sale, as the industry features both types of operations. The industry also includes many traditional businesses: RV parks, hotels, car rental agencies, and tour providers.
With the growing popularity of online sales, travel agency owners may be able to reduce overhead costs by transitioning from a traditional office model to e-commerce. Individuals who buy a physical travel business, such as a lodging or rental franchise, may have the opportunity to be influential in their local communities. Those who are passionate about local history, culture, and geography may enjoy operating a business that provides tours.
Those who are looking to buy a travel business should understand the potential benefits and challenges of such a career. Purchasing a franchise often allows an individual to gain access to operations manuals, advertising materials, and support from the franchisor. Many franchises, especially hotels and other large businesses, require a substantial financial investment. While most have established systems that provide clear operating instructions to new owners, some franchisors also have strict requirements the owners must follow. In some cases, purchasing a franchise allows an individual to exchange some operational freedom for the stability of a proven system.
Buying a travel business could be a good opportunity for an individual who enjoys the tourism industry and is prepared to follow the franchisor's system faithfully.