According to statista.com travel and tourism directly contributed approximately 2.9 trillion U.S. dollars in 2019 global economy. Can you imagine 2.9 trillion just room a single sector? If did not take tourism seriously you have to change your mind.
With the aid of science and technology, tourism might go farther in the coming years. I think one should find the best opportunities in the tourism industry and invest effectively.
If you were looking for the best tourism opportunity to pour your money in, you have arrived at the right place. My aim here is to share with you the best tourism opportunities you may wish to invest in.
Let’s get started
Transport and Communication
There is no tourism without transport and communication. Transport enables the tourist to reach any destination they want and communication enables the connection between tourist and tour guide etc.
The transport opportunities are too wide, they cover land transportation i.e. cars, railways, etc. air transportation – airplanes, and water transportation.
If you wish to invest in transport and communication you may choose
Travel agency-here you can register your company and act as a middle man between tourist and service provider. You will earn a commission from airlines and other transport companies by referring clients to them.
You can also do hotel booking for the tourist and receive pay from the hotels
Car rental – here you can have a car and rent them out to be used to take tourists to their destination. Further, you may wish to partner with other travel agencies so as they can take your car and provide their service.
There are lots of opportunities in accommodation when it comes to tourism. The fact is international or local tourists will want someplace to rest before or after enjoying the day. Here you may wish to invest.
Hotels- you can build a hotel in the city where tourism land for the first time when they enter the country or region, or you can establish your hotel in the places with a lot of tourism attractions.
Airbnb- according to invstoedia.com Airbnb is n online marketplace that connects people who want to rent out their homes with people who are looking for accommodations in that locale. It currently covers more than 81,000 cities and 191 countries worldwide.
With that service, you can rent your home with tourists who are looking for accommodation in your area and earn money.
You can read more about this opportunity here
Camping- here you can establish a commercial camping site to attract tourist who wishes to stay outside during night time. Here you will earn money through the entrance charge and offering other facilities.
Entertainment is also a better way to invest in the tourism industry. Here you may wish to establish
Here you may wish to establish bureau de change to buy and sell foreign currencies.
This is a huge investment; here you may wish to establish an academic institution which offers tourism studies, or you can have tours organization which deals with tour guiding, travel agency, accommodation and all tourism information.
My task was to share with you opportunities to consider in the tourism industry. The bottom line is the best opportunities to consider investing in tourism industry includes,