Managing the Travel and Tourism Business

If you are an outgoing person and have a diary full of places that you want to visit, if you love learning about various destinations and the cultures around the world, Travel and Tourism can be a great career for you. The aspiring travel professionals have plenty of business and job opportunities in the travel sector, with the tourism industry experiencing a continued growth worldwide. The market trends depict that each year around 1.2 billion tourists and business travelers make trips internationally. To service customers in the most efficient manner and to properly organize and manage the travel businesses, a strategic approach for professional travel management is needed.

In the last 50 years, the travel sector has transformed from being highly regulated to now deregulated environment. Though it remains an independent segment, the management practices in travel and tourism have been constantly influenced by finance, procurement and information technology. With advent of technology there have been more of sophisticated techniques to handle the travel management functions. The type of knowledge, experience and skill set needed by present day travel managers requires re-assessment.

Travel and Tourism Management is the organization and management of the travel related functions irrespective of the type of travel. Whether it is for leisure, business, education, or family, the professionally managed services will enhance the customers’ experience of the entire tour through hassle-free travel planning. The travel management companies (TMCs) provide innovative and cost effective travel solutions to clients by rendering services such as the negotiations with all vendors, day-to-day operation of the travel program, traveler safety and security, travel and expenses data management and more.

The jobs demand a varied and vast skill set like any other management discipline. The professionals in this field must be acquainted well with hospitality law, policies, industry best practices, travel technology trends, leadership management in service cultures, travel-agency management, reservations and ticketing, tour planning, convention and event planning. Other important technical skills required besides these are procurement (purchasing) and finance where they need to understand the purchasing terminology and the related implementation practices.

Job responsibilities in the field of travel involve supervising or managing a team, developing new product offerings and services, implementing marketing and negotiating strategies, initiating change and making sound business decisions to ensure good financial health of the business. The creatively designed travel and tourism courses offered by reputed institutes in India prepare the future travel managers to build business plans that help them gain a competitive edge in the market. The students get the chance to test out classroom theories in the real world through such comprehensive study programs.

A career in Tourism & Travel Management will be rewarding and satisfying if you are interested in travelling and are keen in helping others in making travel plans for conventions, business trips, vacation cruises, adventure travel, family travel, culinary travel, holiday travel, destination weddings or honeymoons, and even for the international travel around some of the top destinations in the world such as Las Vegas, Switzerland, Italy, Spain, Australia, Dubai, etc.

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