Seven Ways to Recession Proof Your Tourism Business
Since the world has become an “International” tourist market, with ever cheaper low cost airlines, and on-line booking services. Competition is tough, as demand is much lower than the global supply of available accommodation. How do you recession-proof your tourism business?
No matter where you are or what services you offer, to today’s future travelers- the world is becoming one big choice of destinations. Regional low budget airlines cut traveling costs, whilst the internet allows travelers to search, and compare places to visit.
How do you, compete with global competition?
1. Think Globally
Focusing on one nationally or region for visitors cuts off opportunities for business. Join an online booking agency,-offer services which suit a wide range of nationals. A fast growing global middle- class, is the ideal market you should aim at.
2. Strategic Pricing
Smaller Hotels and Guest Houses should offer a wide range of prices … READ MORE ...