Tourism is a highly profitable business in my home country. Tourism is the second biggest revenue generation sector in our country, therefore, there is a lot of money to be made. I have not started any business in this sector but I have an online Travel Magazine that I hope to build into an travel company someday. have you tried a business in this sector?
Tourism Business
- Thread starter nomad
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In my opinion, the tourism business is a very promising business opportunity, especially if you live near a tourism area, there are many types of businesses that you can build, such as providing lodging, renting vehicles, culinary business, being a tour guide, etc.
While I have not invested in the tourism sector, I lived in one of the top tourist destinations in the country for several years. I agree that it is very profitable, tourists are spending a large amount daily during their holiday.
It is a pity that despite the numerous tourist attraction centers in Nigeria, efforts are not made to promote them. They are not generating revenues to the purse of the government and development to the hosted locations. Corporate organizations that supposed to help are not helping in the situation.
On my country the tourism business seemed to do well in the past years when everything and the economy was very stable. Now that the economy was ravaged by the covid 19 and the country is barely visited by tourists any longer.
Our organization which is a government organization has ventured into this activity by operating a waterfall resort and it's making money. We cater mostly to local tourists. Peak time for guests is of course during weekends snd holidays. This is a very viable business venture with a one time big investment and once everything is put in place one can just reap the income and doing only minor repairs and maintenance.
It is a very good business for those who are into it because a lot of foreigners and even the indigenous of the country patronizing the business services for them to explore.
The tourism sector in my country has benefitted the individuals that engage themselves in the artwork. Most tourists that visit my country like buying the traditional made basket, mats, sculpted and well drawn animals that tend to buy at good profits.
The closest I have been to tourism business is when I was working for a tour guide agency. It afforded me a chance to understand how much people spend on vacations. Tourism thrives in some countries of the world.
