Travel Tours has launched its third store in Kolkata. With this, the leisure travel brand of FCM Travel Solutions is strengthening its footprint in West Bengal.
Situated at Chinar Park, the newly launched store provides a wide range of travel services by Travel Tours like Domestic and International Flights, Customized and Group Holidays, Hotels, Car Transfers, Visa, Cruise vacations, Honeymoon packages and Adventure holidays.
Anand Menon, Brand Leader, Travel Tours, Leisure Travel Brand of FCM Travel Solutions, said, “We are delighted to launch our third store in the capital city of West Bengal, Kolkata. Kolkata’s Rajarhat is a rapidly expanding market in the state and we are sure that it will prove to be a growth driver for Travel Tours.”
The travel brand targets to ensure its customers receive life-defining experiences every time they choose to travel with them. Its stores are designed to provide consumers convenient access to the best tour packages and options with unbeatable pricing and quality services in leisure travel.
“Travel Tours’ travel consultants are backed by the strength of a strong global network and are experts in designing holiday experiences for travellers with all kinds of preferences and requirements. As a new and strongly emerging market, the new store in Kolkata fits in well with our expansion plans for the East,” Menon added.
With the latest launch, Travel Tours now has 52 stores across Mumbai, Delhi NCR, Chandigarh, Kochi and Kolkata 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 were $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.
