5 Best Travel Franchises In 2024

If you are someone who wants to start a franchise but has a low investment budget or simply needs location flexibility, then starting one of the 5 best travel franchises mentioned in this guide could be great for you.

People are traveling now more than ever, and that is largely because of the pandemic that took away two years of people’s lives. It was also the time when people realized how futile life is, and so many of them have started traveling since then.

This serves as an opportunity for you to get into this industry and make some good money. So make sure you see all the five options, compare them, and then pick the one that suits your needs the best.

5 Best Travel Franchises

5 Best Travel Franchises

1. Dream Vacations

Dream-Vacations-Franchise
Founded in1991
Franchising Since1992
Estimated Outlets1,874
Initial Investment$1,795 – $21,000
Franchise Fees$495 – $10,500
Liquid CapitalN/A
Royalty Fees1.5% – 3%

Founded in 1991, Dream Vacations is a business travel agency and a leading travel franchise that uses a proprietary system to offer travel deals related to cruises, vacations, etc.

This is one of the best travel franchises that you can find. What we love most about Dream Vacation is that it is a low-cost franchise with investments ranging from just $1,795 to $21,000. Also, it has a solid and repetitive customer base, ensuring that you may profit every time.

The company currently has a network of over 1,800 franchisees, and you can also become a part of their successful franchise venture.


2. Cruise Planners

Cruise-Planners-
Founded in1994
Franchising Since1999
Estimated Outlets2,720
Initial Investment$2,295 – $23,465
Franchise Fees$695 – $10,995
Liquid CapitalN/A
Royalty Fees3%

Founded in 1994, Cruise Planners is another popular travel franchise that you can invest in in 2024. Cruise Planners is privately owned and is known for creating and planning some of the best itineraries for travel plans in Canada and the U.S.

In recent years, this company has also made its name in the list of Entrepreneur’s Franchise 500 list multiple times.

Other than this, what sets Cruise Planners apart from its competitors is that it is a home-based franchise. Meaning its franchise owner can run this business from anywhere, anytime.

To be eligible for this flexible travel franchise opportunity, you must have $2,295-$23,465 as an initial investment.


3. Expedia Cruises Franchise

Expedia Cruises Franchise
Founded in1987
Franchising Since1987
Estimated Outlets300+
Initial Investment$167,250 to $292,245
Franchise Fees$39,000
Liquid Capital$250,000
Royalty Fees9%

Expedia Cruises is another popular name in the travel industry that offers franchising opportunities to those interested. To be eligible, you must have a minimum net worth of $750,000 and a minimum liquid cash of $250,000.

Also, as per the company’s website, matured Expedia Cruises franchise owners generated a median annual net revenue of $233,624 in 2022. So this is the kind of revenue you can make from this franchise.

Having said that, you must note that Expedia has a very high royalty fee of 9%. This means you will have to give away 9% of your gross revenue. Because of this high royalty fees, you can consider other travel franchises that we have shared instead.


4. Travel Leaders

Travel Leaders
Founded in1888
Franchising Since1984
Estimated Outlets353
Initial Investment$2,270
Franchise Fees$0 – $1,500
Liquid CapitalN/A
Royalty Feesto $1,000 per month

With decades of experience under its belt, Travel Leaders is another great travel franchise that you can think about investing in.

Travel Leaders offer the necessary training, business tools and strategies, travel management projects, and more to the franchisees to prepare them for the business.

Apart from this, they also offer their all-inclusive toolbox that includes templates and information on all the services they offer.

To be eligible for this franchise, you must have an initial investment of $2,270.


5. Itrip Vacations

Itrip Vacations
Founded in2008
Franchising Since2015
Estimated Outlets100+
Initial Investment$110,000 – $140,000
Franchise Fees$55,000 to $75,000
Liquid Capital$200,000
Royalty Fees5%

Itrip was founded in 2008 as a property management company but later became a travel company.

By joining Itrip, you can benefit from a respected name in the industry and also from the decades of experience the company holds.

For this franchise, you do not need to hoard any inventory. The company has a proprietary system on which everything is taken care of.

To be eligible for this opportunity, however, the company requires you to have 15+ years of business experience. However, we suggest you to apply for the opportunity even if you have less than 15 years of experience.


Comparison of 5 Best Travel Franchises

CompanyFoundedOutletsFranchise FeeInitial InvestmentRoyalty Fee
Dream Vacations19911,874$495-$10,500$1,795-$21,0001.5%-3%
Cruise Planners19942,720$695-$10,995$2,295-$23,4653%
Expedia Cruises Franchise1987300+$39,000$167,250 to $292,2459%
Travel Leaders1888353$0 – $1,500$2,270Up to $1,000 per month
Itrip Vacations2008100+
$55,000 to $75,000
$110,000 – $140,0005%

When Should You Choose a Travel Franchise?

Here are some questions to think about before you decide to invest in a travel or any franchise business for that matter:

Are you okay in having limited control over your business?

When you invest in a franchise, you are asked to follow the rules and standards set by the franchisor. This standard may include following the working hours, marketing strategy, itinerary, advertisements, etc.

If you can deal with having limited control over your business, only then consider investing in a franchise, or else you are better off starting an independent business.

Are you comfortable carrying out work digitally?

A travel franchise will largely require you to carry out the bookings, confirmation, communication, and so much more digitally on your phone or a laptop.

So you must have good knowledge of technology and must be comfortable using it. If not, then you should consider opening some other kind of brick-and-mortar business.


Factors To Consider Before Investing In a Travel Franchise

Here are some factors that you should consider before investing in a travel franchise:

1. Royalty & Marketing Fees

Franchisors charge a set percentage of marketing and royalty fee in the range of 2% to 10% monthly from franchisees in return for you using their brand name.

Make sure you choose a travel franchise that charges this fee on the lower side of the bracket, or else you won’t get to keep too much of your profits.

2. Payback Period

You should also check the payback period of the franchise you want to invest in before investing your money.

You can find out the payback period by taking the initial investment and revenue of the franchise.

Make sure you invest in a business that has a low payback period so that you can start keeping the profits completely.

3. Failure Rate

The failure rate of a franchise can be calculated by the total number of franchised outlets that open and close in a year.

Invest in a franchise that has a low or zero failure rate only. This will ensure you do not invest in very risky options.


Wrap Up

Starting a travel franchise might be ideal for you if you have a low investment budget or if you are a veteran or retired person.

The best thing about a travel franchise is that you do not necessarily need an office for this. You can work from your home office, and you also do not need to invest in machines or stock other items.

We hope that the information on the 5 best travel franchises that we have listed in this guide was useful to you.


FAQ’s

How Much Does A Travel Franchise Cost?

Depending on the franchise you choose to invest in, the cost of a travel franchise could vary. However, based on the options shared in this guide, you can expect to spend between $1,795 and $292,245 on average. As you can see, the investment required to open travel franchises is not that high because, unlike other industries, opening a travel franchise does not necessarily require a brick-and-mortar location, inventory, etc.

How Much Can I Make From A Travel Franchise?

Travel franchises do not generate that much profit. On average, you can make $38,000 a year from a travel franchise. And if the franchise you have invested in is quite profitable and successful, then you might be able to make up to $100,000 a year.

Is Travel Business Profitable?

Yes, a travel business or starting a travel agency can be profitable. However, the amount of money you make in this depends on several factors such as your location, size of business, planning, etc.

Which Is The Cheapest Travel Franchise To Own?

As per the travel franchises shared in this guide, Travel Leaders is the cheapest travel franchise to own, with an investment requirement of $2,270 only.

What Is The Profit Margin In The Travel Industry?

The profit margin in the travel industry or the profit margin of a travel agency is usually between 10% to 15%.

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