HND Hospitality: Tour Operations Management - Holiday Development

This report provides an overview of tour operation management, focusing on the stages involved in developing holidays, different methods of contracting, and the calculation of selling prices, within the context of LCB Tours. It covers market research, planning, contracting, costing, financial evaluation, brochure creation, advertising, operation, execution, and post-tour management. The report also discusses regulatory bodies and current trends in the tourism sector. It concludes by highlighting the benefits of tourism for consumers and the importance of adapting to new technologies.

Tour Operation
Management
(TASK 2)

Table of Content
 Introduction
 Stages and timescales involved in developing holidays
 Different methods of contracting
 Calculation of selling price
 Conclusion
 References

Introduction
Tour operation is a business which is describe a from and an
organisation which provide individuals travel components from
different suppliers to the passengers and travellers in a package.
The rules and regulation by which all these activities are
perform and formed are know as tour operation Management.

Continue...
Regulatory Bodies
These are laws and acts which is made for the well running
of the company so that this business can be run properly.
There are many rule and regulations which are made for
the tourism industry by British government.

Stages and timescale involved in
developing holidays
Under this, different stages are involved:
 Market research
 Planning and scheduling
 Contracting
 Costing the holiday
 Financial Evaluation and Pricing

Continue...
 Creating the brochure
 Advertising
 Operation and Execution
 Post Tour Management

Continue...
Financial Evaluation and Pricing- LCB evaluate the finance
and pricing to its tour package. It is done on the basis of
consumers travelling, meals and accommodation capacity.

Different methods of contracting
 Fixed contract
 Allocation
 Ad-hoc

Selling price of a holiday
LCB tour company deals in travel and tourism services and
firm enjoys a positive image at market. The product
development team of enterprise is very effective and
focus on developing tour package with offering better
quality services to all visitors and can offer effective
packages and discounts to its customers.

Continue...
Accommodation cost: 96*21=2016
96/1.12= 85.7
85.7*21= 1800 (For One night)
1800*5= 9000 (For 5days)
Details Price(in £)
Accommodation cost 9000
Transportation cost 11200
Charges of tour guide 945
Total cost 21145
Add: Profit margin @ 33% 6977.8
Sale price 28122.5

Conclusion
The tourism sector is provide various benefits to the
consumers . In this report all act ivies and process are
defined properly which is beneficial in a tour for the
consumers. Tour operators and current trend are describe
briefly so that consumer know about new trend and
technology which are adapted by LCB.

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.