Hospitality And Tourism Business | Read this post to get hospitality and tourism business ideas that can be initiated as a small business.
Are you searching for hospitality and tourism business ideas?
Do you want to start a small business in hospitality and tourism industry with small capital investment?
Read this post to get hospitality and tourism business ideas that can be initiated as a small business.
Hospitality and tourism are vast areas of providing different types of services.
It includes broadly restaurants, restaurant chains, food services, hotels, transportation, photography, business and leisure travel, holiday destinations and activities, camping, and the cruise industry.
The travel & tourism sector has developed into an industry with an annual economic impact of around 6.5 trillion U.S. dollars worldwide.
The industry is growing.
Putting investment in hospitality and tourism industry is worth it.
Here we have compiled most profitable and lucrative hospitality and tourism business ideas for your ready reference.
Top Hospitality And Tourism Business in Nigeria
30. Adventure Club
Initiating an adventure club is an ideal business idea for adventure loving people.
The demand for adventure trips, activities and adventure sports in general, is growing globally.
Prior market research is mandatory to identify the potential niche for your business.
29. Adventure Tourism
Adventure tourism business opportunity is perfect for those aspiring entrepreneurs who owns outdoor tourism hobby with themselves and want to turn this into a profit making venture.
As per geographic, there is a huge potential of adventure tourism business globally.
Adventure tourism generally takes place in strange, exotic locations where thrill-seeking travelers always expect unexpected happenings.
28. Airport Shuttle Service
Airport shuttle service is a very profitable business. The business is hugely management intensive. You can establish business tie-ups with hotel resorts, tour operators, and travel agencies to get clients.
27. Airport Arcade Games
This is one of the trending business.
Apart from children, you will also get teenage and adult users for this service.
Customers can spend minutes or hours gaming at the arcade on their waiting time.
According to the target demographic, right selection of games is important.
26. Allergy Cards
People who travel with allergy issues, often look for allergy cards in the new location where they arrive.
You can initiate a business of providing allergy cards in many languages as home based basis.
25. Ayurveda Tourism
Ayurveda is a therapy that promises holistic wellness.
The natural herbs and oils used in the therapy are of great medicinal value as is said in the Vedic literature on Ayurveda.
There is a strong potential for the growth of Ayurveda tourism globally.
Ayurveda tourism is one of the most trending small business ideas to start with moderate capital investment.
24. Bed & Breakfast
Attitude and the personality of the owner play an important role in bed and breakfast business.
Also, the location is important where you are initiating the business.
Having spare rooms, this business can be a very good alternative part-time income source.
23. Boutique Hotel
The boutique hotel is considered as one of the most profitable hospitality and tourism business ideas.
Having adequate knowledge and experience is a must.
It is extremely important to do a lot of research and develop a detailed business plan to ensure success.
22. Canoe and Kayak Rentals
If you are living nearby water bodies, initiating a canoe and kayak rentals is a wonderful business.
In selecting the location, you must take into consideration the ease of access, visibility, parking and host of other factors.
21. Car Rental
A person living in a strategic place of the high density of population with business centers and entertainment outfits.
Car rental business would be a lucrative and profitable venture for him.
The primary operation would involve scheduling customer reservations and supply rental car.
A car rental business is a capital and management intensive business and it needs a lot of research before you go into the business.
Over the past decade, coffee shop industry is increasing rapidly.
An entrepreneur passionate and talented about coffee can initiate coffee shop business with substantial capital investment.
The coffee shop actually treated as a third place outside of work and home to relax.
Coffee shop business is one of the best ways to turn your love for coffee into a profit making business.
19. Community Tour Guide
Personal or community tour guide business in trending now.
If you are living in an area having lot tourist’s footprint, you might consider starting this business.
You can operate the business from home.
Other than local classified advertising, you can also get clients from other businesses operating in the travel and hospitality industry.
18. Corporate Hospitality Event Planning
Corporate hospitality event planning business describes giving service in the process of entertainments in events held by corporate or businesses for their staffs, clients or stakeholders.
This business opportunity is comparatively easy to start, profitable and also enjoying one.
The business is everything about keeping your clients happy and you can mean it by another term of business entertaining.
17. Double-Decker Bus Tours
Everyone enjoy the ride in a double decker bus.
You can arrange sight-seeing tours in a double decker bus.
You must start the business in a busy tourist area.
Crafting a proper marketing and sales promotion plan is mandatory to start this business.
Ecotourism is traveling and visiting new unexplored places that protect the environment.
And also looks after the welfare of the local people residing in that area.
Ecotourism is one of the great choices for nature lovers who also love adventure travel.
Ecotourism business industry makes up 6% of the GDP all over the world.
15. Hookah Bar Lounge
Profitable Hookah Bar Lounge Business opportunity demands to learn the operational aspects related to the business.
A truly passionate entrepreneur can initiate hookah bar lounge business with strategic planning and substantial capital investment.
14. Houseboat Rental
You can start houseboat rental business by two ways. One option you can buy a houseboat and start renting.
Another option is you can contact with the houseboat owners and tie up with them for a business relationship.
In this case, you will need to go for revenue sharing basis.
13. Kayak Tour
Do you enjoy kayaking?
You can turn your hobby into a part-time profit making business.
Coastal areas are the best location for this type of business.
You can offer kayak tour with some allied services, Such as beginners training, lunch, etc.
12. Medical Tourism
Are you interested in Medical Tourism Business?
Medical tourism business is finding right places with the right medical services for your clients and arranging a hassle-free trip for them.
Medical tourism business alternatively called health tourism and wellness tourism.
11. Night Club
Owning and running a nightclub can be a very exciting, luxury and lucrative business for an entrepreneur.
People want to get socialized with others and they are willing to pay to use a gorgeous venue dedicated for the purpose.
Success in night club business is very much possible if done properly.
It demands dedication and meticulous attention to the every detail of your business.
10. Off-Road Tours
Off-road tours are very popular among young and adventure loving people.
Organizing off-roads tour is very profitable business, people the location is full of tourist footprints.
Are you good in photography and passionate about taking pictures?
A photographer is a professional that focuses on the art of taking photographs with a camera.
A photographer generally works in a freelance capacity and is hired for specific jobs by different clients.
These photography business ideas are ideal for home-based and part-time operation.
8. Ticketing & Reservation Service
Ticketing and reservation service providing is a small area of operation from a full-fledged tour operating business. The required investment amount is very less.
Railway ticket, domestic and international air ticket booking is some of the areas where you can focus.
7. Tour Guide
Tour guide business opportunity demands adequate knowledge of historical information and local culture about the location where you are starting the business.
Tour guide business is all about sharing the information about the places to group of the people in an entertaining way.
6. Trade Show Visitor
Many big companies keep trade show visitors to know the current trend and happenings inside the industry.
In this business, your primary responsibility is to collect information for clients about their competition exhibiting at the show.
Translation is fast becoming highly potential web based business offering opportunities for making money online.
With ever increasing net connectivity and globalization, knowing and understanding other languages have become extremely vital in keeping pace with the speed of society.
4. Travel Agency
Travel agency business is actually providing services, in making travel arrangements on the behalf of your clients.
Breaking into this business is a great way to start a service based business from an office location.
And you are having the opportunity to make money while helping others to visiting new places on their holidays or business trip.
Are you a passionate traveler? Then you must consider starting a travel blog of your own.
You can share the amazing experience of travelling the beautiful places around the globe.
You can earn advertising revenue from the blog.
2. Vacation Property Rental Agency
If you are living in a high-traffic tourist are, You might consider starting a vacation property rental service business. Your home and the customer service that accompanies it must provide the things your renters want and need in order for you to reach the highest level of profitability through renting.
1. Water Taxi Service
If you have good boating skill and live nearby waterbodies, you can start water taxi service business of your own.
This is one of the most popular tourism business ideas to start with moderate capital investment.