Travel companies are growing up with the growth in business and leisure travel. More demands of cultural, religious, adventure tourism have provided the industry with many options of operating in different segments. There has not been a wise literature on the requisites of setting up a travel company, but there are few authors and commentators who have devoted their research into the subject selected. Nicole D (2010) mentions that there are several dimensions of setting up a travel company. The first one is to determine the segment into which the company wants to specialise along with all other tertiary services. She suggests that there are probably three ways of getting started in the business, one is by forming own agency and providing services, start work as an independent contractor, or if the risk is too high, then buying into a franchise of a successful travel company can also be done. The first step involves studying the market potential and identifying the gap in the industry to be filled in. Suppose, the market is booming for specialised vacation sat distant far off locations offering adventure tours, there might be too much competition in that segment. The company can look at offering niche holidays to private islands and private tours for up-class customers. Thus the identification of the primary segment to be dealt in is very important, as this will strive the company progress into forming the support infrastructure.
Wicks (2014) offers a 9 step guide in forming a travel company. The primary step required is the identification of the market segment that is required to be operated in. It must have a combination of more than one segment to offer services to all kinds of customers. Second step is to find a suitable company name and register with the relevant government authorities. This makes it a legitimate process and can avoid future hurdles in operations. The third step is to form a business plan of operation on which will include entire timeline of the start-up, the financing required, the initial manpower required to be employed, business premises at a suitable location which is more lucrative for a travel company providing access to several customers, and a adherence plan on which the entire team will follow.