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This sector covers companies that provide personalised services of ticket and hotel bookings including travel packages for tourists and business.
With the advent of the internet, travel agencies launch their websites to offer all above services.
Services cover inbound tourism of foreigners or outbound tourism for a country's residents.
Travel agencies give services and / or provide all facilities of local sightseeing by investing in their own fleet of tourist vehicles viz., cars, limousines, buses, yachts, boats.
Multinational travel agencies have their own travel offices in most of the tourist cities of the world.
The business model mainly dwells on commissions earned from airlines and hotels.
Travel agencies may also buy and sell in bulk quantity airtickets, hotel rooms plus other travel packages thereby earning profits rather than commissions.
- Setting up state of the art costing and financial systems
- ERP software review and implementation assurance
- Improving systems and controls
- Statutory audits
- Internal audits