It’s a massive number – and one that happens to be the total contribution of the tourism and travel industry to the global economy as of 2018! Knowing that, it’s no wonder why more and more entrepreneurs have set their sights on this booming sector for new business opportunities.
So, did you ever wonder how to start your own travel agency to try to cash in on this multi-trillion dollar slice of the global economy? Travel franchises can be a path to this, allowing aspiring travel agents, planners, and advisors a way to jumpstart their careers.
Here’s our picks for the top 5 travel franchises based on our research!
Initial Franchise Fee: $495 – $9,800
Startup Costs: $3,245 – $21,850
CruiseOne, founded back in 1992, is a travel agency franchise that’s established itself as one of the industry leaders for years.
CruiseOne allows customers to choose from an array of destinations, cruises, and tours designed to match their ideal getaway, including to popular destinations such as Hawaii, Mexico and Bermuda. The company also publishes a list of top luxury resorts and vacation deals for customers to explore.
CruiseOne also offers the ability to work from home, making it ideal for entrepreneurs who prioritize flexibility and work-life balance
2. Dream Vacations
Established in 1991 and franchising since 1992, Dream Vacations is part of the CruiseOne brand and currently has about 1,432 locations, all but three of which are located within the United States. Dream Vacations also offers a flexible working policy and encourages its franchisees to travel to stay updated on the latest trends and experiences.
3. Expedia CruiseShipCenters
Initial Franchise Fee: $39,000
Startup Costs: $155,850 – $275,945
Expedia CruiseShipCenters, established in 1987 and bought by Expedia starting in 2007, offers vacationers access to a variety of travel products to make their vacation planning simpler.
With Expedia CruiseShipCenters, customers can choose from thousands of cruise and vacation options and narrow their search by destination, number of guests, excursion length, and departure location. Vacation packages with travel advice are also available for customers.
4. Cruise Planners
Initial Franchise Fee: $695 – $10,995
Startup Costs: $2,295 – $23,617
The largest home-based travel advise franchise in the United States, Cruise Planners has been planning vacations and excursions since 1994.
Offering vacation planning and travel advice services, this company acts as a resource for vacationers, helping customers find local travel agents to guide them and plan their vacation.
Cruise Planners allows franchisees to run their business from virtually anywhere while also offering access to special perks and discounts.
5. Travel Leaders
Travel Leaders was established in 2008 when the Travel Leaders Group merged with the Tzell Travel Group and Carlson Wagonlit Travel Associates. The company has more than 7,000 locations, which produce sales of over $17 billion.
The company offers its franchisees different participation levels and costs, allowing them to choose what works best for them in terms of career goals.
By Steve Longo and Jim Notaris
Below is a list of some of the top travel franchises featured in the article:
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