Future Scope of Air Ticketing Business – Gone are the days when one used to call multiple travel agents to know about the holiday packages and plan a tour.
With the advent of Word Wide Web, it is observed widely that there is a rapid rise in the Future scope of Air Ticketing Business
These Air ticketing companies provides last minute holiday packages and from the comfort of home, one can surf the internet and access a plethora of information on various tour packages, look up for holiday destinations, getting hotel information, booking travel tickets online and everything made easy at a click of a button.
Today’s travel services experts offer a wide array of valuable and time-saving services to individuals, groups and corporate clients. They offer timely information about important travel advisories. They help coordinate all the details necessary to stage a special event, like conventions or weddings in tropical locations.
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Future scope of Air Ticketing Business
Air ticketing industry has seen much development in recent times. Also, airline industry plays a major role in the travel and tourism. Observing a growth of 17.62 percent over the past year and with the recent development, there has been a significant good Future scope of Air Ticketing Business
- Air ticketing is very dynamic and booming work sphere with great future scope on a global level. The Air ticketing industry is one of the largest and most profitable industries in the world and contributes substantially to the foreign exchange earned.
- A report published by the Travel and Tourism Council says that the year 2020, air ticket industry could add another Rs. 8, 50,000 crores to the GDP. It can provide impetus to other industries and create millions of new jobs.
Opportunities are plenty in travel agency business .Many resorts, travel groups use travel agents to promote their tour packages to travelers.
Air ticketing company deal with almost everything connected with travel including the travel mode, obtaining documents that are required like visa, passport etc , suitable places to stay, climate and they will plan the trip keeping in mind the clients’ preferences, budgets and special needs
The air ticket industry presents a relatively stable business opportunity for the right entrepreneurs. Faced with variable energy costs and other pressures, airlines routinely change their pricing structures and fee rates, creating the possibility for agents to act as intermediaries between passengers and airlines.
You can start your air ticketing business from home.As your airline ticket agency grows, you can then move a real office and hire additional travel agents. If you are in this kind of business already, there are ways to diversify your profit sources.
The year gone by has been especially good for the air traffic business with around half the world’s total population, that is, 3.7 billion people, traveling by air. The online travel leaders, Priceline and Expedia, have only around 1% and 5% of the total online travel market’s share of air ticket sales.
The growth in air traffic and the significant dampening of fuel prices helped in the growth of operating profits for the airlines, which ICAO estimates to be around $60 billion in 2016, $2 billion higher than that of 2017.
According to estimates, over 50% of global air tickets are sold online, and the number is expected to increase to over 60% by the end of our review period.
Online travel agencies’ share of online airline bookings is around 50% of the total tickets sold. Though even market leaders such as Expedia and Priceline have only around 6% and 1% respectively of the total OTA airline bookings share, with the growth of air traffic, we can expect their focus on this segment to increase in the future.
By choosing an Air ticketing industry you are inevitably involving yourself to a high degree of hard graft. Your day will begin with a check of your business emails and will be actively dealing with the people all the day either on the phone or in person.
To be successful in Air ticketing industry you will need to have stamina and dedication towards the work.