Hotel and travel franchises cater to customers on the go, either for leisure or business. A hotel franchise gives you an opportunity to operate a hotel or motel, while opening a travel agency lets you help people plan exciting vacations.
A massive investment
Hotel franchises require more capital than any other franchise industry due to the large retail space required to house guests. Hotels can also be quite complicated to run, especially if you plan on having a restaurant and lounge inside your establishment.
Travel agencies, on the other hand, are relatively low-cost and can often be run from home or from a small retail office space. These agencies usually have particular focuses, such as planned trips or cruises.
Travel around the world from home
The number of home-based travel agencies is growing, now making up 20 percent of the market.