The travel and tourism industry is one of the main sources of income in most countries of the world.
Investing in tourism in Italy means accessing countless direct and indirect job opportunities in the business sector, as well as profitable earnings.
Most consumers are familiar with the travel and tourism industry using its services for rest and relaxation during family holidays.
However, these same activities can be the subject of investment by many listed companies that offer travel activities for the ultimate benefit of the capital growth of their underlying shareholders.
Let’s see which areas of the travel and tourism market could be profitable from an investment point of view.
Investing in tourism: 12 ideas for earning money
As is the case in many sectors, revenue continues to pass through the Internet when it comes to providing travel and tourism services. Stock brokers have largely been replaced with online trading platforms (learn more about “how much you earn with online trading”), while traditional travel agents have had to compete with online websites that allow consumers to buy low prices and convenient hours.
Major online travel service providers include listed players such as Orbitz, Priceline and Expedia. In particular, Priceline has been very successful in forwarding traffic to its website to book flights and bid for low-cost, last minute travel. Over the past five years, sales and profits have increased by about 20% per year.
This growth has been widely reflected in its share price, which has risen by about 1,000% in the last five years.
But let’s go into detail and see what are the best entrepreneurial and profitable ideas in the travel and tourism industry that you can’t possibly ignore if you’re looking to start a business:
One of the trips and activities related to tourism that an entrepreneur can successfully start with little or no money is to become a tourist guide. The main requirement to successfully start this type of activity is to ensure that you can speak at least one or more foreign languages, as well as have an adequate knowledge of the natural heritage.
Once you have acquired the skills to translate or interpret effectively, you can begin to carry out your activities by making contact with accommodation facilities or travel companies to get your first assignments.
Business taxis and shuttle buses
The taxi and shuttle bus business is another fantastic business idea related to tourism that thrives quite well in a tourist city. Tourists constantly feel the need to move from one tourist site to another, so there is a need for a shuttle bus service, which is also essential in transport activities from the airport to the hotel and vice versa.
Investing in car rentals or business taxis can ensure a smooth workflow.
If you do your marketing and networking right, you can get very important connections and secure new opportunities: with the advent of technological innovations like Uber you can expand your market and operate at lower costs.
The photography business is a commercial enterprise added to the value chain of travel and tourism industry. Although most tourists always travel with their own cameras to capture beautiful places and moments, the presence of a professional photographer is always particularly appreciated.
So, one of the most profitable business ideas you can draw inspiration from the tourism industry is photography.
If you are a professional photographer, you can consider opening your own photography business or working with a travel and tour company to become one of their official photographers.
The souvenir shop is yet another very profitable idea in any tourist city.
Most visitors usually prefer to buy local handicrafts, unique gifts or native clothing. If you are looking for a tourism-related idea or activity to be installed in a tourist city, then you can consider opening a gift shop.
Another business idea in the particularly profitable tourism sector is the luggage delivery service. The luggage delivery business is all about helping travelers avoid long waits and tedious security checks.
All the customer will have to do is just pack his own travel clothes and other personal items carried inside the luggage. The task of the baggage delivery company is to facilitate the operations of protection and delivery of baggage carried by the tourists.
If you are interested in investing in tourism and want to start a business in the sector, you should consider tourist accommodation services: they consist of welcoming tourists, providing them with useful information and, of course, coupon packages, samples of local businesses and other opportunities available in the city. This type of activity is one of the most profitable forms of investment that an entrepreneur can successfully start with little or no seed capital.
Another business idea related to the particularly productive business on which you can decide to invest is that of limousine rental (learn more about how to start luxury car rental).
This type of activity consists in making the limousine available to transport tourists from one location to another. In most cases, celebrities are the main customers for this type of activity.
So, if you are looking to start a business in the travel and tourism industry, one of your options is to start a limousine business.
Automatic self-service laundry
The self-service laundry business is another means of earning income from the travel and tourism business chain. As the name suggests, a self-service laundry or laundromat is a space where people go to personally wash and dry their clothes; technically, customers provide their own labor and still pay for using laundry equipment.
Although the laundry sector can be said to be quite competitive, it in no way prevents creative entrepreneurs from making further progress in the sector. It’s really a lucrative business, especially when the company is in an area of high tourist inflow. There is no doubt that a crowded city with a growing population is highly suitable for coin-operated laundry.
Canoes and motorboat rental services
Another prosperous and profitable business that an entrepreneur interested in starting a business in the travel and tourism sector should consider is the start of the rental of canoes and motorboats. It is an interesting way to earn money, but you have to make sure you have life jackets and refine other security measures to start this type of business.
Travel and tourism consultancy
The travel and tourism consulting industry is another thriving and profitable business in the tourism industry. if you have a solid experience one of the best ideas to invest in tourism that you can successfully start is a travel and tourism consulting business.
There are many different types of clients to work for as a travel and tourism consultant, ranging from business organizations to government agencies, from individual tourists to businesses in the travel and tourism sector. It is an interesting way to earn a good income from the tourism industry.
If you are looking to take advantage of travel and the tourism industry to earn money, then one of your options should be to develop your travel list. A directory is nothing more than a complete list of different companies and services within a particular industry. The truth is that people usually look for all the available information they can get their hands on especially when they are about to embark on a trip, so they need to view as complete an overview as possible to guide them in their choice.
You can make your travel directory available both offline and online so that you can offer your potential customers the option to choose the one that best suits their needs.
The development and sale of software applications related to travel and tours is another interesting way to invest in the travel and tourism industry.
If you are a software developer, you should consider developing custom software applications to simplify your industry processes.
You can also work with your client to develop custom software applications that fit perfectly into their business.
Investing in tourism therefore offers a wide range of revenue opportunities and very broad and job-diversified horizons. To get the most out of this sector and be able to make a profit from your investments, you can also turn to agencies specializing in tourism web marketing, which deal precisely with the promotion of companies in the field of tourism through targeted interventions for online and offline advertising.