In addition to a new partnership with American Express, Travel Leaders Network capitalizes on its investment in Vacation.com consumer website, and launches a website to help agency owners find potential buyers.
One good tactic for anyone looking to sell is to let your consortium or agency group’s business representative and supplier BDMs know that your agency is up for sale.
Just as homeowners take pains to stage their homes before putting them up for sale, travel agency owners who are ready to exit can take steps to increase their agency’s value for potential buyers.
In a survey of travel agents conducted by Travel Leaders Group and the Adventure Travel Trade Association (ATTA), 33% of agents said their average client spend on adventure trips was $3,000 to $5,000 per person.
The program is currently in Beta with 240 agents. American Express will begin marketing the program to its consumer and business Gold Card members in the third or fourth quarter of this year.
Travel Planners International will roll out a new integrated technology platform for its agents later this year. The 30-year-old host is also looking to redefine the host agency model.
Entrepreneurs who try to do everything themselves often appear on a direct path to burnout. Here's how two home-based travel agents are avoiding that pitfall.
At some point, nearly every successful solo entrepreneur reaches a time where they can no longer do everything themselves. But giving up control can be tough.
If you run a smaller agency that hosts outside agents or independent contractors, or you’re thinking of doing so, you’ll appreciate this advice from experienced agency owners.
Hosting is hard —that’s the consensus of travel agency owners whose sales teams include outside agents or independent contractors. TMR asked agents about the rewards and the challenges.