Management of Tour Operation and Regulatory Body of Tour Operators

This presentation discusses the management of tour operation and the regulatory body of tour operators in the tourism industry. It covers topics such as itinerary for a London trip, methods of contracting, stages of holiday package development, and the selling price of a holiday. References are also provided.

Cover content
• Introduction
• Regulatory body of Tour Operators
• Itinerary for London trip
• Methods of Contracting
• Stages of Holiday Package
• Conclusion
• References

Introduction
Management of tour operation refers to the set of activities performed by a tourism
company in order to serve visitors. Under this tour operators prepares holiday package with
information related to tour in order to attract visitors for enhancing their sales turnover.
LCB tour deals in providing services related to travel and tourism.

Regulatory Body of Tour Operators
• Association of Independent Tour Operators is considered as regulatory body in tourism
industry which formulates rules and regulation for tour operators. In this interested
members are free to operate their business but by following all of rules only. These board
members is liable to decide minimum standards in which tourism companies can perform
their business activities with suppliers and customers.

Itinerary for London trip
• 6 am: Arrive in London
• 6-7 am: Transferred from airport to Hotel
• 7-9 Am: Tea and Breakfast in Hotel

Cont.….
• 9:30 Am- 6 Pm : Departure from hotel for London tour
through Double Decker in order to enjoy over all tour of
London. Overall tour will include houses Westminster
Abbey, parliament square, Big Ben, Oxford street, Tower of
London, Buckingham Palace, Piccadilly Circus and other

Different methods of contracting
• Fixed Contract
• Allocation contract
• Ad-hoc contract

Stages and timescales in developing holidays
• Tours are often organized in various packages according to the number of people places,
hotel, fooding services, transportation etc. In relation LCB, tour operator of this
organization mainly consider various factors in order to serve best tour packages to
people.

Cont.….
• Market research
• Planning and scheduling
• Contracting
• Costing the holiday
• Financial Evaluation and Pricing

Cont.….
• Creating the brochure
• Advertising
• Operation and Execution
• Post Tour Management

Selling price of a holiday
• Selling cost is considered as cost which is helpful in persuading buyer to purchase the
product from them only.
• For an example- Tour operator of LCB prepares holiday package for one friend
circle of 21 college student for the tour of London. Its overall budget of 1 day and 1
night is described as below:
• Accommodation cost: 96*21=2016
• 96/1.12= 85.7
• 85.7*21= 1800(For One night)
• Cost of one day for accommodation for 21 students = 9000(For 1
days)

Conclusion
As per the above mentioned report it can be said that tourism sector is quite vast in size.
Tour operators are usually prepares attractive package for visitors which is economical for
travellers as it covers all the expenses of whole trip. On the other hand, it generates huge
amount of money for tourism company.

References
• Allahyari, S., Salari, M. and Vigo, D., 2015. A hybrid metaheuristic algorithm for the
multi-depot covering tour vehicle routing problem. European Journal of Operational
Research. 242(3). pp.756-768.
• Chand, M. and Katou, A.A., 2012. Strategic determinants for the selection of partner
alliances in the Indian tour operator industry: A cross-national study. Journal of World
Business. 47(2). pp.167-177.
• Chon, K.S. and Yu, L., 2012.The international hospitality business: Management and
operations. Routledge.