This is the era of globalisation. Thanks to the travel industry for keeping up the progressive efforts and helping people make hassle-free excursions around the world. These agencies not only help save time but also minimize the efforts for planning. Gone are the days when travel agencies were limited to tickets and hotel bookings. It has now grown to provide unmatched hospitality and fine experience to the end-user.
With such immense business comes enormous responsibility. And if you have to run a successful travel company, setting the legal precedence should be your number one priority.
Also Read: 5 Major Operational Challenges For Travel Agencies And How To Manage Them
Get things straight
Do you have a travel agency that follows “travel laws” defined by the government? Do you have your policies in the form of a contract? If not, you are in the right place. Listed below are the best ways to legalize your travel business:
Register your business
This is the first thing you must do to run a successful travel business. In some counties and even states, you cannot just start a business sitting at home, if it deals with people directly. With increasing fraud and crime rates, people generally go for travel agencies that are registered and renowned. It is mandatory to register your business through the Ministry of Tourism. Give a proper name to the agency, take an office if required, and expand your team if your business grows well. Or you can always hire a lawyer to make things simpler.
Also Read: Benefits Of Starting Offline To Online Business In The Travel Space
Get a licence from the government of India for travel bookings and other related services. It may not seem mandatory but is impactful for business growth. More people, especially foreign tourists, get attracted to the government-approved agencies. It seems more reliable and reasonable at the same time.
Define Proper Business structure
Simply registering your travel agency will do no good. If you want to take your business a notch higher, sit with a legal expert, define the appropriate business structure and see how you can attract more people without risking much. Make sure your contracts cover the following clauses:
- Duty to Warn the Consumer
- Duty to Investigate and Disclose
- Duty to Inform
- Duty to Make Reservations
- Duty to Confirm Reservations
Also Read: Tips On Demand Planning For Travel
Get an insurance
Get your business insured. It is one of the most important things you must do to make certain that your business runs hassle-free. Make sure you also check if the tourists have their travel insurance. Get a legal body involved to decide who will get things covered if there is any case of a mishap or natural calamity.
Hire a full-time lawyer
If you have a decent travel business and you wish to expand it, make sure you include a lawyer in all the documented and contractual proceeding from the very beginning. This way, you will not have to change your policies now and then. You can discuss all the circumstances and clauses accordingly and draft fair contracts keeping your travel business and your customers’ best interest. It may seem like an extra expense, but your business will be protected from lawsuits and allegations for the greater good.
Also Read: How To Run A Successful Travel Business
Travel business is one of the exponentially growing industries today. As long as people travel you will never go out of business. But make sure you maintain a good market reputation to attract more customers. The better your services are, the more people will know about you.
Also being a travel agent you must know that each state and country has a different set of tourism policies and laws. Hiring a legal team will not only help you make contracts and deeds without any loophole but also protect you from fraud allegations. So don’t wait and hire a legal advisor today.
To get financial assistance for adding new prospects to your business, you can always apply for hassle-free and easy loans. We work with several top lenders to make it easier for you to pick a loan as per your requirements. With zero collateral and minimum documentation, rest assured that you can get travel agency financing in the quickest possible time. We also work with a number of top travel portals to help you scale your travel business to the next level.
Apply online or get in touch with us to know more about our unsecured loans for travel businesses!
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