How To Sell an Agency? Back into the Travel Industry 30 Years Later!

In episode 160 Steph is co-hosting with April Swales of Uniglobe! Please join us as this dynamic duo tackles a couple of important questions!

1. I was wondering if I could pick your brain a little about the current status of the industry, the possibilities of finding someone interested in buying an agency, and what makes a travel agency attractive for a potential buyer. My mother isn't ready to stop working as an agent and loves helping her clients but I could see it being a good exit strategy for her in the near future. —Nathan

2. I went to an actual school in 1988 on the Sabre system. Do you know if there are courses that might bring me up to speed & how much they cost?

I spoke with IATAN & ARC today. It's not as expensive as I thought it'd be but I'd still like to start off maybe working with a national agency for a while first. Thoughts? —Anonymous

TODAY’S RESOURCES:

https://www.youtube.com/live/b8PvbmxA35U?feature=shared&t=8959 (Host Week presentation with Steph and Marc Casto on selling an agency)

https://www.tvlacq.com/ (Broker specializing in travel agencies/tour operators)

https://www.score.org/resource/eguide/small-business-owner’s-guide-succession-planning

https://www.trinet.com/insights/small-business-succession-plan-101

https://www.linkedin.com/pulse/general-guide-succession-planning-small-business-c-suitesupport

https://hostagencyreviews.com/blog/become-corporate-travel-agent (Tips on how to become a corporate travel agent with links to Sabre trainings.)

https://hostagencyreviews.com/blog/travel-agency-accreditation (A list of the different travel agent accreditation options.)

https://hostagencyreviews.com/travel-jobs (Find travel agent jobs on HAR’s travel jobs board!)

https://hostagencyreviews.com/blog/how-much-do-travel-agents-make-travel-agent-salary (Info on how much travel agents make)

https://www.travelleadersoftomorrow.com/business/ (Travel Leaders of Tomorrow is only accepting students who have already secured a job with an agency but are in need of training.)

https://hostagencyreviews.com/blog/what-is-gds (In-depth information on what the GDS, global distribution system, is and which travel advisors use it.)

https://www.thetravelinstitute.com/product/sabre-personal-trainer/

https://your.sabre.com/sabretraining

https://www.linkedin.com/advice/3/what-most-important-gds-training-resources-travel-ihklf