How To Start a Yatra.Com franchise in Vadodara?
Written By: Yukta Palekar
Yatra Franchise offers a fantastic partnership opportunity with India's leading travel brand, Yatra Store. The franchise model aims to create happy travellers and become India's number one travel planner. Yatra Store seeks individuals passionate about travel to partner with the brand.
This business opportunity allows individuals to leverage Yatra's strengths to build and grow their travel business, resulting in an exponential earning opportunity.
About Yatra.Com franchise
Comprehensive Travel Services:
- Diverse Offerings: Yatra provides a wide array of services, including air ticketing, hotel bookings, homestays, holiday packages, bus and rail ticketing, activities, and ancillary services.
- Catering to All Travelers: Serving both leisure and business travellers, Yatra addresses the varied needs of over 7 million customers since its establishment in 2006.
- Largest Platform for Domestic Hotels: With contracts with over 103,000 hotels across India, Yatra stands as the country's largest platform for domestic hotels.
- Extensive Accommodation Options: The platform offers a diverse range of accommodation options to cater to different preferences and budgets.
Recognition and Awards:
- Industry Accolades: Yatra is a well-recognized brand, receiving awards from the Ministry of Tourism, Government of India, and industry accolades.
- Notable Awards: Awards include ET Brand Equity's Most Trusted Online Travel Brand of 2015 and Travel & Hospitality's Most Outstanding Online Company in the B2C category.
Growth Strategy through Acquisitions:
- Strategic Acquisitions: Yatra's growth strategy revolves around strategic acquisitions, such as TSI and subsidiaries in 2010, Travelguru B2B and B2C entities from Travelocity in 2012, and Air Travel Bureau Ltd. (ATB) in 2013.
- Business Expansion: Acquisitions have expanded Yatra's hotel business, enriched its inventory, and strengthened its presence in the corporate travel market.
User Experience and Customer Service:
- Superior User Experience: Yatra prioritizes a superior user experience across its platforms, ensuring user-friendly navigation and accessibility.
- Robust Customer Service: Customer support is integral, available through the website, mobile platforms, retail stores, call centres, a network of over 17,000 agents, and services for Business-to-Employee (B2E) clients.
Corporate Focus and Market Presence:
- Corporate Travel Market: Yatra's strategic acquisitions and focus on corporate travel have positioned it strongly in the corporate travel market.
- Market Presence: The company's dedication to customer satisfaction and comprehensive services contributes to its significant market presence.
Yatra's success is built on a diverse service portfolio, strategic acquisitions, customer-centric approach, and a commitment to providing an exceptional travel experience for millions of customers in India.
Read This: Yatra franchise new store in Vadodara
What can clients expect from the Yatra franchise in Vadodara?
Yatra Store in Vadodara offers customers flexibility in cash/card payments, a convenient local point of contact, and personal attention.
Franchise requirements include investment between ₹ 200,000/- to ₹ 800,000/-, 300-500 sq. ft store or office space, prominent brand signage space, and a go-getter attitude, passion for travel, and business acumen.
Yatra Franchise Benefits in Vadodara
The Yatra Store partnership offers benefits such as access to a wide range of Yatra products, preferential commissions, group holiday packages, customized holidays, flight tickets, hotel bookings, travel group handling services, educational tour packages, FOREX services, and preferential earnings on all Yatra products for franchise partners.
It also provides a one-stop shop for all travel needs and access to online booking tools.
Yatra franchise support in Vadodara
Yatra offers comprehensive support for growing your own Yatra Store, including a dedicated business manager, store setup and launch support, destination training, training on Yatra tools and products, regular marketing support, access to booking, CRM, and email tools, and a dedicated operations team handling all queries.
Why you should invest in Yatra franchise in Vadodara?
Yatra is a leading online travel brand that offers a variety of products, including flights, hotels, trains, holidays, and buses. The company's employees are known for their ambition, fun-loving nature, and proactive approach.
Yatra is the most trusted brand in the industry, focusing on fulfilling customer needs and service. The company also provides an open culture, ensuring that every view and opinion is heard and respected, ensuring a never-boring work environment.
Gujarat Travel franchise Overview
- Tourist Footfall Ranking: 1st in India for Foreign Tourists. 5th in India for Domestic Tourist footfall.
- Statistics: 1.78 million Foreign Tourists (20.70% of India's total). 135.81 million Domestic Tourists (7.85% of India's total).
- AATITHYAM Portal: Developed by Tourism Corporation of Gujarat Limited (TCGL). Real-time dashboard for effective tourist footfall monitoring. Features include detailed tourist profiles, contribution to state GSDP, and expenditure details.
- Government Initiatives: Preservation of cultural heritage. Embracing natural beauty. Investment in modern infrastructure (airport upgrades, road networks, accommodation).
- Tourist Attraction Strategy: Diverse landscapes, historical landmarks, vibrant festivals. Efforts to attract a global tourist demographic.
- Industrial and Business Opportunities: Strong industrial base attracts business travellers. Conferences, trade shows, and investment exploration contribute to tourism growth.
- Government's Vision: Aims to maintain and upgrade tourism ranking. Focus on providing unmatched hospitality. Robust infrastructure facilities. Unforgettable experiences for every visitor.
- 2023-24 State Budget: Increased focus on tourism, pilgrim places, and civil aviation sectors. Received an additional 346% funds for further development.
Travel Market size in India
India's Travel & Tourism Market is projected to reach US$18.91bn in 2023, with a CAGR of 13.47%, resulting in a market volume of US$31.35bn. Package Holidays are expected to be the largest market, with online sales accounting for 59% of total revenue.
Understanding of Indian Online Travel Market
- Low Entry Barriers: favourable environment for startups and entrepreneurs. Opportunities for new entrants in the online travel sector.
- Growing Middle-Class Demand: Substantial demand due to the expanding middle-class population. Increasing interest in travel-related products and services.
- Government Support: Government initiatives support the tourism and travel industry. Attractive market for new businesses.
- Challenges: Competition within the industry. Regulatory compliance hurdles. Emphasis on achieving customer service excellence.
Strategic point of view for Entrepreneurs
- Awareness and Preparedness: Understand and anticipate industry challenges. Be prepared to navigate complexities.
- Well-Structured Business Plan: Develop a comprehensive and adaptable business plan. Address challenges proactively.
- Collaboration: Collaborate with other travel agencies, hotels, and airlines. Leverage partnerships for mutual benefits.
- Differentiation Focus: Stand out from competitors through unique offerings. Develop a distinctive value proposition.
- Customer Experience Prioritization: Prioritize exceptional customer experiences. Enhance customer satisfaction to build loyalty.
- Adaptability: Stay flexible and adaptable to market changes. Quickly adjust strategies to evolving trends.
- Industry Trends and Technology: Stay updated with emerging industry trends. Embrace technological advancements for a competitive edge.
Thrive Strategies: By implementing the above strategies, businesses can thrive. Dynamic market success through awareness and strategic action.
A Guide to Franchises for Travel Entrepreneurs
- Access to Established Networks: Leverage an established vendor network. Benefit from enhanced buying power.
- Business Ownership Structure: Own and operate your travel agency business. Align with a recognized brand for credibility.
- Support and Resources: Robust support with systems, training, marketing, and infrastructure. Ongoing training and business development coaching.
- Cost Considerations: Higher upfront cost. Potential long-term cost benefits.
- Commission Structure: Commissions as a small percentage of total sales.
- Brand Recognition: Instant credibility with an established and recognizable brand.
- Technology and Marketing Tools: Robust technology tools. Comprehensive marketing programs.
- Long-term Considerations: Potential for a higher overall cost. Established brand adds credibility.
- Decision Factors: Consider your business goals and priorities. Evaluate the trade-off between upfront and ongoing costs. Assess the level of support and resources needed for your business. Factor in the impact of brand recognition on your agency's credibility.
Advantages of Yatra for Travel Businesses franchise
- Extensive Reach: Showcase offerings to over 12 million monthly visitors. Presence in 35,000+ cities and towns.
- Proven Track Record: 30+ million satisfied travellers. Minimum commissions offer profitability.
Franchising as a Strategic Option:
- Tested Business Model: Saves time and effort in building from scratch.
- Brand Recognition: Attracts clients more easily.
- Comprehensive Support: Training, guidance, marketing resources, and ongoing assistance.
- Established Reputation: Reputable franchise name for a head starts in building a client base.
Considerations When Choosing a Travel Franchise:
- Budget and Startup Costs: Assess financial feasibility for your business.
- Marketing Services: Evaluate the franchise's marketing strategies.
- Support Services: Ensure comprehensive support, including training.
- Franchisee Perks: Explore additional benefits for franchisees.
- Reputation: Research awards, reviews, and overall reputation.
Enhancing Value Proposition:
- Exclusive Access to Deals: Check for exclusive travel deals or discounts.
- Customer Recognition: Leverage the recognized brand for customer trust.
- Building a Client Base: Utilize the franchise's reputation for client acquisition.
- Yatra offers a broad platform for exposure and a proven business model.
- Franchising provides a shortcut to success with established support and brand recognition.
- Consider budget, support, and reputation when selecting a travel franchise.
- Leverage exclusive perks and brand recognition to enhance your business's value proposition.
Q.1.What exactly is Yatra's Partner Program?
YPP is a new start for Travel Service to collaborate with India's largest online travel brand 'Yatra' to provide their travel products and services to Yatra's consumers.
Q.2. What papers are necessary for the registration process?
Once you register, you will be asked to supply basic KYC papers such as your company's A detailed list of the documents necessary will be sent to you.
Q.3. Is there any certification I need to become a partner?
No, it is not required; however, if you are recognized by any industry group such as the Ministry of Tourism, the Government of India, ADTOI, and so on, it would be an additional benefit.
FranchiseBazar offers a wide range of travel franchises, including online and low-cost options, allowing investors to explore underserved markets and find the best investment prospects for their travel franchise needs.
Disclaimer: The brands mentioned in this blog are the recommendations provided by the author. FranchiseBAZAR does not claim to work with these brands / represent them / or are associated with them in any manner. Investors and prospective franchisees are to do their own due diligence before investing in any franchise business at their own risk and discretion. FranchiseBAZAR or its Directors disclaim any liability or risks arising out of any transactions that may take place due to the information provided in this blog.
Written By: Divisha Pandey
Written By: Divisha Pandey
Written By: Divisha Pandey
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