Knowledgebase

Growing a Travel Business Print

  • 0

More clients and capability.

WHAT CONSTRAINS GROWTH

Consultant capacity Working capital Supplier relationships and credit Reputation

WHY CONSULTANT CAPACITY BINDS

Bookings require time, and complex ones require a great deal.

WHAT TO IMPROVE FIRST

Revenue per booking Repeat rate Time per booking

WHY

They increase revenue without additional staff.

WHAT TO ESTABLISH

Which bookings are worth taking.

WHAT TO CONSIDER DECLINING

Complex low-value bookings that consume disproportionate time.

WHAT SPECIALISATION PROVIDES

Higher value and less price comparison.

WHAT MOVING INTO OPERATING PROVIDES

Margin on the product rather than commission.

WHAT IT REQUIRES

Capital commitment Operational capability Risk on unsold capacity

WHAT TO TEST FIRST

Small departures before committing to capacity.

WHAT CORPORATE ACCOUNTS PROVIDE

Volume and predictability.

WHAT THEY REQUIRE

Service levels, reporting and credit.

WHAT TO ESTABLISH

Whether the margin supports the service required.

WHAT TO DOCUMENT BEFORE GROWING

Booking procedures and checks Supplier terms Emergency procedures Client records

WHY

They are what allow consistency without you.

WHAT TO MEASURE

Bookings, margin, errors, complaints and repeat rate.

WHAT TO PROTECT

Accuracy and reachability, which is why clients use an agent at all.


Was this answer helpful?
Back

Are you happy with your experience? Leave us a review on Trustpilot.


Trustpilot