Travel business valuation is the system of obtaining a fair market worth for a business. Whether you are interested in buying or selling a business, assessing its correct value is a very important part of the process. Many factors go into valuating your travel business, such as the type of travel you specialize in — for example, cruises only or international travel and your proximity to a large metropolitan area. As there are multiple factors going into assessing your business’ worth, there are also different ways in which you can go about getting your company’s worth assessed.

Getting a business assessment is a valuable tool to help you make sound business decisions now and in the future. Think about following these steps to find your travel business’ worth:

1. Meet with a local business appraiser and work closely with them.

2. Do-it-yourself with specialized software to find your travel business’ worth.

3. Check out information resources like market reports to find the value of your travel company.

Action Steps
The best contacts and resources to help you get it done

Use a local professional with experience in your industry to purchase a travel appraisal

When looking to value a travel business, a local professional will have a better idea of your area's economy. This can work in your favor when you are looking to sell your business, purchase a new location or expand your current one, for example. There are special formulas and factors that go into doing a travel business valuation. These professionals will sit with you and explain all of the steps and requirements.

I recommend: Fair Market Valuations has offices all over the country that will give you the most accurate travel business assessment report available. The Business Brokerage Group which is located in Albany, New York has many years of experiences performing business valuations for companies of all sizes and in all industries.

Consider travel business valuation software to learn your business' worth

Travel business valuation software can be very helpful if you are ever looking to expand your business, by offering more travel and tourism services or increasing your workforce. There are formulas and calculations used especially for valuating a travel business that are included with the package. You will get as accurate a report as you would if an experienced travel business assessor did it.

I recommend: The Express Business Valuation software created by ValuSource incorporates industry composition valuation methods and market data to produce a valuation report for your particular travel business. Haleo Corporation created ValuAdder that uses market comparables for 400 different industries, promising you the comprehensive and accurate information that is required for your valuation.

Think about using industry analyses and reports to value a travel business

Appraise a travel business by consulting trade-specific financial and market reports. A general report will show how the overall economy is looking. A travel specific report will go into detail regarding the performance of the travel sub-division you are in.

I recommend: Infiniti Research is a useful resource to find industry-specific financial information like the size or the travel and tourism market in your general area. First Research will give you market and financial reports to help you do an accurate travel business valuation.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  When performing a travel business valuation, be sure to take into account environmental factors such as the rising fuel costs when calculating your financial forecast, as this may decrease your overall sales.