TOUR AGENCY

Tour Agency

Tour Agency

Introduction

Travelling and tourism has grown in today's era. The interest of people to discover new places has increased as 21st century is considered as an adventurous era. Agents are business people who sell travel services. Tour agencies have offer benefits of low-cost travelling around the world. Tourism in UK comprises a wide range of experiences which are built around tourist visits under categories of sport tourism, business tourism, event tourism, study tourism, health and wellness tourism, culture tourism, and adventure tourism.

In this paper we will be identifying the three tours along with the selling prices, cost unit, four months of cash budget using marginal costing principles and considering the sensitivity analysis and finally the issues that business could undertake to improve environmental sustainability (www.london-tourist-information.co.uk).

Discussion

Overview of the Company

Company Information

Business Name : Matrix Red Travels

Business Form: Travel and Tourism

Types of Services and products: Leisure, recreation trips & tours, and holidays

Site of Business: City of London near Birmingham palace

Opening and Closing Time: 9am to 10pm

“Matrix Red Travels” is the travelling agency which offers an attractive adventure holidays across the globe. Matrix Red Travels came into existence on 1st January, 1989 in order to provide new couples and families adventurous tours. Matrix Red Travels offer more than 65 tours over 10 countries, which make the group an international adventure holiday and travel planning firm. They are famous for international tourism, operating in both the global travel industry. Matrix Red Travels involved in accommodation through Carlson Hotels Worldwide, and operates five brands, including Regent, Radisson Hotels and Resorts, Park Plaza, Country Inns and Suites, and Park Inns.

Matrix Red Travels follow a boosting strategy for enhancing the sales and their company performance, especially internationally. It has formed a number of strategic alliances and has acquired existing online travel booking websites and travel software development firms. It has recently expanded into emerging, high-growth economies. For the first half of 2011, a global business turnaround in travel demand led to a 15.00% rebound in company revenue. The most significant gains occurred in Latin America and the Asia-Pacific, but Europe and North America lagged as both regions struggled economically in the aftermath of the global recession.

Section A)

Three Trips cost Description

As Matrix Red Travels offer adventurous and attractive trips to their customer, the following three trips to tourists are based on the main features and function of Matrix Red Travels.

Trip 1

Day

Time

Location

Type

Item

Meal

Currency

Total

Variable Cost

Fixed Costs

Per Passenger

£ Sterling

£ Sterling

 

 

 

Trip 1

 

 

 

 

 

 

 

 

Day 1

Wednesday, April 18, 2012

8:00

Gatwick Airport, London, UK

Transportation

Mini-Bus

None

GBP

55.98

4.5

Day 1

Wednesday, April 18, 2012

9:30

Hilton London Docklands Riverside

Accommodation

4 Star Hotel

None

GBP

925.455

 

Day 1

Wednesday, April 18, 2012

13:00

Hilton London Docklands Riverside

Meal

Food

Dinner

GBP

 

12.65

Day 1

Thursday, April 19, 2012

21:00

Hilton London Docklands Riverside

Meal

Food

Breakfast

GBP

 

12.75

Day 1

Thursday, April 19, 2012

14:00

London Museum

Sightseeing

Historical Place

None

GBP

445.125

 

Day 1

Thursday, April 19, 2012

16:00

London Island

Sightseeing

Island

None

GBP

35.99

4.5

Day 1

Friday, April 20, 2012

18:30

Kensington Palace

Sightseeing

Interest Place

None

GBP

37.45

4.5

Day 1

Thursday, April 19, 2012

21:00

Hilton London Docklands Riverside

Meal

Food

Dinner

GBP

 

11.1

 

 

 

 

 

 

 

Total

1500

50

Trip 2

Day

Time

Location

Type

Item

Meal

Currency

Total

Variable Cost

Fixed Costs

Per Passenger

£ Sterling

£ Sterling

Day 1

Friday, April 20, 2012

6:30

Hilton London Docklands Riverside

Meal

Food

Breakfast

GBP

16.43

Day 1

Friday, April 20, 2012

7:00

Hotel to Airport

Transportation

Minibus

None

GBP

20.63

2.99

Day 1

Friday, April 20, 2012

8:35

Heathrow International Airport, London, UK

Transportation

Airplane Tickets

In-Flight meals

GBP

1,600.75

 

Day 1

Friday, April 20, 2012

12:30

Liverpool John Lennon ...