TOURISM

Panache Tour

Panache Tour

Introduction

This report is regarding the launch of a new tour agency business that is Panache Tour which will sell tours in London. The tour agency will initially focus on the tourists that will be coming to London for the enjoying London Olympics. The aim of providing tour services to tourists is to make them aware about the fashions that are prevailed in London. Another goal of Panache Tour is to enhance the tourism industry of London and to compel tourists to come back again.

Discussion

Panache Tour will be a tour agency that will facilitate the tourists coming to London; initially, the target market of the company will be comprised of tourists that will be coming to London for the London Olympics. This will provide the company, a potential starting point to initiate its business activities. Panache Tour enables tourists to discover best kept fashion secrets of London on one of most original walking tours of London. The journey of tourists will take them to hidden boutiques and independent stores ranging from up and coming designers to globally renowned names which is the best way to stay one step at the forefront of the style pack. In this only one of its kind walking tour, the Panache Tour will introduce tourists to unique and much envied range of women wear stores in London.

The Panache Tour offer tourists a cautiously designed tour with the trendy visitor in mind, the tour agency will combine a chance to buy and discover luxury fashion and also learn about the new trends and also discover the emerging innovative talent. During the tour, on the tour there is enough time to look through, buy and awesome sight at the enormous mix of scenes that make up London fashion. Many of the fashion stores visited by London's fashion pack are closely guarded secrets and virtually impossible to find. The Panache Tour fast track tourists to designers, boutiques and stores from corner to corner of the city that is from directional designers across West End of London to the legendary Bond Street in central London. Located off the beaten track, the Panache Tour give tourists the inside knowledge usually reserved for insiders. As one of the world's most fashion forward cities, London's street style, wealth, and laid back attitude make it a city rich with fashion finds.

Selling Price

 

London based

A day trip from London

Tour in Evening

Price

£ 165 £ 170 £ 173

Per Unit Cost Statement

 

London based

A day trip from London

Tour in Evening

Maintenance of Bus

£ 3,000 £ 3,000 £ 3,000

Wages of Drivers and other Employees

£ 6,000 £ 6,000 £ 6,000

CNG (Use of energy)

£ 4,000 £ 3,000 £ 2,500

Total Cost

£ 13,000 £ 12,000 £ 11,500

Total Tourists

£ 1,000 £ 1,000 £ 1,000

Per Unit Cost

£ 13 £ 12 £ 12

Monthly Cash Budget Month 1 Month 2 Month 3 Month 4 Beginning cash balance - £157,163 £ 13,718 £469,634 Cash from operations

£ 69,330

£ 69,330

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