Travel and tourism play an important role in the economy of United States and other countries in the world. Both have an impact on the development of country’s economy. For many countries, tourism is the most important source of income and even there are some countries that totally depend on the revenue they generate from tourism sector.
Moreover, both travel and tourism sectors support millions of jobs all in countries like United States, India, Singapore, Philippines, United Arab Emirates and many more other countries in the world and it is also strongly anticipated that both these industries will accommodate more sustainable jobs in the coming years.
Since travel and tourism sectors are known for light investments, high economic returns etc, there are many business opportunities both of these industries offer to the entrepreneurs and out of them these 20 have great potential in almost every country in the world:
If your local tourist destination is surrounded by high mountains and flowing rivers and it offers adventurous activities like fishing, mountaineering, trekking, river rafting etc to the tourists, then your consider to focus on any one of these businesses or on all if you have the capacity to facilitate them to visiting tourists:
- Rent mountain bikes
- Rent fishing equipment
- Rent golf gears
- Rent rock climbing gears etc
- Ski Instructions
- Trekking guides
7. Boutique Hotels
Since tourists(whether domestic or international) need accommodations for rest and sleep, determined entrepreneurs could also think of starting a boutique, bed and breakfast hotels in their respective tourist destinations. Remember investment is high but returns in long run are highly rewarding and therefore a great opportunity.
8. Fast Food Kiosks
Fast food kiosks or small restaurants where you could serve food to tourists could also prove compelling opportunity for you at your local tourist destination due to the requirement of low capital, few overheads and basic infrastructure requirements.
9. Fresh Juice Stalls
Like small restaurants as mentioned above, starting a fresh juice stall that will cater fresh juices to the visitors would also cost you a small investment in fact low than them. Therefore another great business opportunity in the tourism sector you could focus on at your location.