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travel leaders franchise

Travel Leaders Franchise

Travel Leaders Franchise

Travel Leaders is transforming travel with a name that boldly embodies our commitment to our vacation and business travel clients via a progressive approach toward each unique travel experience. As one of America’s top ten-ranked travel companies, Travel Leaders has assisted millions of travelers through our strong roots — the former Carlson Wagonlit Travel Associates, Travel Leaders and Tzell Travel Group joined together in 2008 to form one of the industry’s fastest-growing and robust networks of travel agents. Travel Leaders Franchise Group can trace its beginnings to 1984 as the franchise system “Ask Mr. Foster Travel,” which itself was North America’s first travel agency chain established in 1888.

travel leaders franchise

Facts & Figures

In 1872, Georges Nagelmackers began his company, Wagons-Lits, to install sleeping compartments in European trains. A few years later, he created the Orient Express. In 1888, Ward G. Foster founded Ask Mr. Foster, a travel agency based in St. Augustine, Florida. Each company expanded-Wagonlit throughout Europe and Africa, Ask Mr. Foster across the United States and Europe. Carlson Companies Inc. purchased Ask Mr. Foster in 1979; the company changed its name to Carlson Travel Network in 1990. Carlson Travel Network and Wagonlit Travel merged in 1997, forming Carlson Wagonlit Travel. The new company serves travelers in more than 140 countries.

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Travel Leaders is listed in the Franchise Directory under the Retail category. It's also listed in the section for Franchises Under $1,000,000 .

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travel leaders franchise

Franchises » Travel Leaders Franchise Information

Travel Leaders Franchise

Travel agency

How much does it cost to open a Travel Leaders Franchise?

The investment required to open a Travel Leaders Franchise is between $2,270-$17,910. There is an initial franchise fee of $0-$2,500 which grants you the license to run a business under the Travel Leaders name.

Individual Unit Costs

  • Initial Investment: $2,270-$17,910
  • Initial Franchise Fee: $0-$2,500
  • Royalty Fee: $474-995/mo.
  • Advertising Fee: N/A
  • Term of Agreement: 5 years
  • Renewal Fee: $1K

News and Press Releases

Travel Leaders Executive Pam Young Among Viking Cruises Honorees Invited To Serve As Godmothers For Guinness World Record Launch Of 18 New Ships Travel Leaders (www.travelleaders.com) executive Pam Young was among a very distinguished group of honorees invited by Viking Cruises (www.vikingcruises.com) to serve as Godmothers for the inauguration of its newest Viking Longships, which set a new world record. As part of a multi-phased event taki...

The 3-1-1 On Holiday Travel With many Americans about to make their first pilgrimage of the year via air over Thanksgiving and subsequent Holidays, Carlson Wagonlit Travel Associates today are urging their customers to "Know Before You Go" by providing them with the 3-1-1 on Holiday travel. The 3-1-1 refers to the Transportati...

Carlson Wagonlit Travel Associates Charles & Charlene Spears Honored With Golden Legacy Award The Carlson Wagonlit Travel Associate Division today bestowed its highest honor�the Golden Legacy Award�on Charles and Charlene Spears from Bartlesville, owners of six Tulsa-based Carlson Wagonlit Travel locations in Oklahoma. Provided once each year, the Golden Legacy Award honors Carlson Wagonlit ...

Carlson Wagonlit Travel Associates Names Annual "top Achievers" Today, during a ceremony held at the 2006 Carlson Wagonlit Travel National Meeting, America's leading retail travel agency powerhouse named the two recipients of its "Top Achiever" awards for excellence in sales: Janice Eagle of Carlson Wagonlit Travel, Benton Harbor, MI; and Nancy Francke of Carls...

Virginia Beach's Bruce & Carol Horner Named Carlson Wagonlit Travel's "associate Of The Year" The Carlson Wagonlit Travel Associate Division today proudly presented its "2006 Associate of the Year" Award to its dynamic duo from Virginia Beach�D. Bruce and Carol Horner�during a special ceremony at the franchise organization's 2006 National Meeting at the Saddlebrook Resort in Wesley Chapel, F...

Travel Leaders News & Press Releases

Travel leaders franchise growth history, financing options, training & support.

Support Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations

Marketing Co-op advertising, Ad slicks, National media, Regional advertising

Business Operations

How much does a travel leaders franchise owner make.

To calculate how much income a franchise owner can do at Travel Leaders Franchise , may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.

3 Other Franchises in this Family

  • Cruise Holidays
  • Cruise Holidays Canada
  • Results Travel

Legal Disclaimer: This information is not a franchise offering for Travel Leaders and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a Travel Leaders franchise opportunity , review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.

Travel Leaders

Travel Leaders

3033 Campus Drive, Suite W320 Minneapolis, MN 55441

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Franchise Travel Leaders

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Year Brand Started

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About Franchise

With a name that boldly embodies our commitment to our vacation and business travel clients via a progressive approach toward each unique travel experience. As one of North America's Top 10 travel companies, Travel Leaders Group has assisted millions of travelers through our strong roots - the former Carlson Wagonlit Travel Associates, Travel Leaders and Tzell Travel Group joined together in 2008 to form one of the industry's fastest-growing and robust networks of travel agents.

Travel Leaders-branded franchise travel agencies can trace its beginnings to 1984 as the Carlson franchise system "Ask Mr. Foster" Travel, which itself was North America's first travel agency chain established in 1888.

Franchise Travel Leaders

Make more money on the sales you are making today, plus get tools to help grow your business!

  • Travel Leaders Network is the largest network of travel agencies in North America with nearly 7,000 locations producing annual sales of more than $17 billion.
  • We have been around for more than 30 years and focus solely on travel - both Leisure and Business.
  • Travel Leaders Group is the highest ranking travel management company in  Business Travel News'  Business Travel Survey and among the top-ranked American travel sellers in  Travel Weekly's  annual Power List. Most importantly, our people are all committed to being the brand of choice for travelers - and to delivering industry-leading earning opportunities to each of our Associates and Affiliates (members).

INCREASED EARNING OPPORTUNITIES

  • Industry leading Point-Of-Sale Commissions on cruises and tour bookings
  • Best-in-class Backend Overrides on major domestic and international airlines
  • Phenomenal upfront commissions on over 70 domestic and international airlines through our exclusive contracts
  • Incentive commissions with the top suppliers and destinations in the industry - best value
  • A leisure lead generation program that is proven to deliver qualified leads

Franchise Travel Leaders

EFFECTIVE BUSINESS TOOLS AND STRATEGIES

  • Including our unequaled Business Travel Management programs, that helped our franchise members attract new business in excess of $100 million just last year. Our all-inclusive toolbox includes:
  • Templates and services for everything from prospecting to pricing
  • Sales presentations, RFP responses and much more

NATIONAL AND LOCAL MARKETING AND PUBLIC RELATIONS - ALL PROVEN TO GENERATE SALES

  • A nationally promoted brand that tells the world who you are: "A leader in travel."
  • Direct Mail and exclusive Postcards magazine
  • Award winning E-marketing
  • PR training on how to work with the media, to get your name out to your community, and establish yourself as a local travel expert.

travel leaders franchise

Finance Information

Investments: $2,270 – $16,910

Franchise fee: $1,500

Royalty fee: to $1K/mo.

Training and Support

TECHNOLOGY, TRAINING AND SUPPORT TO HELP YOUR AGENCY GROW

  • Training and educational trips
  • In-office agency visits
  • Personalized business consultations
  • Assistance with co-op advertising funds
  • Ongoing support and accountability
  • Customer Relationship Management web-based tool

travel leaders franchise

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Complete the form below to get more information, including estimated costs to open and operate this franchise.

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Home > US > Travel > Travel Leaders

Travel-Leaders-Group

Travel Leaders

Embark on a Journey with Travel Leaders Franchise

Min. investment

$2,270

Total investment

$16,910

Franchise Fees

Level of expertise

  • Introduction
  • More Details
  • News & Updates
  • Testimonials

About Travel Leaders

In 1872, the roots of the Travel Leaders franchise trace back to Georges Nagelmackers, the visionary founder of Wagons-Lits. Pioneering the installation of sleeping compartments in European trains, Nagelmackers later crafted the iconic Orient Express, setting the stage for a legacy of innovation. Simultaneously, on the other side of the Atlantic, Ward G. Foster founded Ask Mr. Foster in St. Augustine, Florida, in 1888, expanding its reach across the United States and Europe.

The convergence of these two travel giants became evident when Carlson Companies Inc. acquired Ask Mr. Foster in 1979. A subsequent transformation in 1990 led to the rebranding of the company as Carlson Travel Network. The narrative continued to unfold as Carlson Travel Network joined forces with Wagonlit Travel in 1997, forming the powerhouse known as Carlson Wagonlit Travel.

In 2008, a pivotal moment in the travel industry unfolded as Carlson Wagonlit Travel united with Travel Leaders and Tzell Travel Group, culminating in the establishment of the Travel Leaders franchise. Today, Travel Leaders stands as the epitome of excellence in leisure and corporate managed franchise business travel agencies globally.

In the dynamic landscape of the travel industry, Travel Leaders, with its rich heritage and commitment to excellence, invites prospective franchisees to join its ranks. Established under the Travel Leaders Group, this franchise is not just a business venture; it is an invitation to be part of a legacy that has shaped the way the world travels.

Key Information:

  • Founded: 2021
  • Parent Company: Travel Leaders Group
  • Industry: Recreation
  • Related Categories: Travel Agencies

Embark on a rewarding journey with Travel Leaders, where history meets innovation, and every destination is an opportunity waiting to be explored.

What They Offer

As the full-service flagship travel franchise brand of Travel Acquisitions Group (TAG), Travel Leaders boasts a vast network of travel experts spanning the nation. These dedicated professionals specialize in curating unforgettable experiences, offering tours, cruises, and both escorted and independent travel options for individuals and groups alike.

Cruise ship

The Franchise Offering

Unlock Your Entrepreneurial Potential with Travel Leaders Franchise Opportunity

Dreaming of diving into the thriving travel industry with Travel Leaders? As you consider this unparalleled franchise opportunity, it’s crucial to understand the dynamics that make it an exceptional venture.

Hands-On Engagement:

Unlike absentee ownership, Travel Leaders encourages active involvement. This franchise beckons individuals with a passion for the travel business, offering an immersive experience where hands-on engagement is the key to success.

Established Base of Operations:

While the idea of a home-based or mobile unit business is enticing, Travel Leaders operates on a different paradigm. The franchise is best suited for those looking to establish a dedicated physical presence, ensuring a robust and professional operation.

Commitment to Success:

Launching a Travel Leaders franchise demands dedication. This is not a part-time endeavor; it’s a full-fledged commitment to delivering unparalleled travel experiences. Your role in steering this enterprise to success requires a full-time commitment.

Team Collaboration: Success in the travel industry is a collaborative effort. To run a Travel Leaders franchise effectively, a team of at least 10 skilled and dedicated individuals is essential. This ensures that your franchise operates seamlessly, providing exceptional service to clients.

Expansive Market Reach:

While exclusive territories may not be available, the absence of territorial constraints empowers you to tap into a broad market spectrum. Travel Leaders allows you the flexibility to explore diverse regions, catering to a wide range of clients and maximizing your business potential.

As you embark on this entrepreneurial journey with Travel Leaders, remember that this opportunity is not just a business venture—it’s a commitment to delivering unparalleled travel experiences and becoming a key player in the dynamic world of travel and leisure. Join the brand, and together, let’s redefine the way the world explores.

Who Are They Looking For?

The qualities of an ideal travel leaders franchisee:

Passion for Travel:

An ideal Travel Leaders franchisee possesses a genuine passion for travel and exploration, serving as an ambassador for the joy and excitement that travel brings.

Entrepreneurial Spirit:

The ability to think creatively, make strategic decisions, and take initiative is crucial. An entrepreneurial spirit ensures the franchisee can navigate the dynamic landscape of the travel industry.

Customer-Centric Approach:

Exceptional customer service is at the heart of the travel business. The ideal franchisee is committed to meeting and exceeding customer expectations, creating memorable and seamless travel experiences.

Strong Communication Skills:

Effective communication is paramount in the travel industry. The franchisee should be able to articulate ideas clearly, build strong relationships with clients and industry partners, and convey the value of Travel Leaders services.

Leadership Skills:

Leading a team of at least 10 employees requires strong leadership capabilities. The ideal franchisee can inspire and motivate their team, fostering a positive and productive work environment.

Adaptability:

The travel industry is dynamic, influenced by various factors. An ideal franchisee is adaptable, capable of navigating changes in the market, travel trends, and external influences with resilience and creativity.

Attention to Detail:

Travel arrangements demand meticulous attention to detail. Whether planning itineraries or managing bookings, the franchisee should be detail-oriented to ensure flawless travel experiences for clients.

Business Acumen:

Sound business acumen is essential for making informed decisions, managing finances effectively, and steering the franchise towards profitability and long-term success.

Commitment to Full-Time Engagement:

Running a Travel Leaders franchise requires a full-time commitment. The ideal franchisee is ready to invest time, effort, and dedication into building and growing their business.

Ethical Conduct:

Operating with integrity and ethical conduct is paramount. The ideal franchisee upholds high ethical standards in all business dealings, ensuring trust and credibility with clients and partners.

Tech-Savvy:

Embracing technology is vital in the modern travel landscape. An ideal franchisee is comfortable using digital tools, staying updated on industry trends, and leveraging technology to enhance the customer experience.

In essence, the ideal Travel Leaders franchisee embodies a blend of passion, leadership, adaptability, and a customer-centric mindset. This combination positions them to not only navigate the complexities of the travel industry but also to thrive and leave a lasting impact on their clients’ travel experiences.

Business meeting

Investment details for prospective Travel Leaders franchisees:

Initial Franchise Fee:

The initial franchise fee for a Travel Leaders franchise falls within the range of $0 to $1,500, offering flexibility based on specific circumstances and qualifications.

Initial Investment:

Prospective franchisees can anticipate an initial investment ranging from $2,270 to $16,910. This investment encompasses various aspects crucial for establishing and operating a successful Travel Leaders franchise.

Royalty Fee:

The royalty fee structure involves a monthly payment, with amounts scaling up to $1,000. This fee contributes to ongoing support, resources, and the benefits derived from being part of the Travel Leaders franchise network.

Ad Royalty Fee:

An additional consideration is the ad royalty fee, which ranges from $109 to $274 per month. This fee supports advertising efforts at both the local and national levels, enhancing brand visibility and attracting a broader customer base.

Veterans Discount:

Travel Leaders honors and appreciates the service of veterans by offering a 10% discount on the franchise fee. This serves as a gesture of gratitude for the valuable contributions of veterans choosing to embark on an entrepreneurial journey with Travel Leaders.

cost-portrait

Training & Support

Comprehensive training and support for new Travel Leaders franchisees:

On-The-Job Training:

The on-the-job training provided by Travel Leaders is tailored to individual needs, ensuring that new franchisees receive hands-on experience and practical insights to navigate the intricacies of the travel industry effectively.

Classroom Training:

New franchisees benefit from a structured three-day classroom training program. This focused training equips them with essential knowledge and skills required to manage various aspects of their Travel Leaders franchise successfully.

Ongoing Support:

Travel Leaders is committed to continuous support for its franchisees, offering a range of resources to foster ongoing success:

  • Purchasing Co-ops: Joining forces with other franchisees to leverage collective purchasing power.
  • Newsletter: Regular updates and insights to keep franchisees informed about industry trends and best practices.
  • Meetings & Conventions: Opportunities to network, learn, and share experiences with fellow franchisees.
  • Toll-Free Line: Access to a dedicated toll-free line for immediate assistance and guidance.
  • Online Support: A robust online support system to address queries and provide real-time assistance.
  • Field Operations: On-the-ground support from experienced professionals to guide franchisees in day-to-day operations.

Marketing Support:

Travel Leaders extends comprehensive marketing support to enhance brand visibility and attract a broader customer base. This includes: Co-op Advertising: Collaborative advertising efforts to maximize impact and reach. Ad Templates: Ready-made advertising templates for consistent and effective marketing. Regional Advertising: Targeted regional advertising initiatives to align with local market dynamics.

The training and support infrastructure provided by Travel Leaders ensures that new franchisees are well-equipped with the knowledge, tools, and ongoing assistance necessary to thrive in the competitive travel industry. From hands-on training to continuous support mechanisms, Travel Leaders is dedicated to empowering its franchisees for long-term success.

Training and support

If you’re contemplating pursuing this franchise opportunity, simply send an enquiry and request further information. It’s easily done – fill out this form and submit it. It will take just seconds.

The information provided on this page is obtained from sources available freely on the internet. No responsibility for factual inaccuracies should be attributed to Franchise Fame.

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Let us know if you’re interested in taking a franchise opportunity by filling out the form. You will then be contacted by one of our representatives.

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  • Travel and Lodging Franchises

Travel Leaders

Franchise information for travel leaders, send me travel leaders information, franchise costs.

  • Cash Investment : $25,000
  • Investment Range : $100,000 - $250,000
  • Franchise Fees : $1,500

Franchise Benefits

  • Training & Support : Yes
  • Financing Available : No

Industry Information

  • Industry : Travel and Lodging Franchises
  • Franchise Units : 339

Related Industries

Check out these other industries related to Travel Leaders.

Press Releases

Our proven track record of success.

Travel Leaders Franchise Group can trace its beginnings to 1984 as the franchise system “ Ask Mr. Foster Travel “  — North America’s first travel agency chain established in 1888. We were part of Carlson Companies until January of 2008, when a management buyout of Carlson Leisure Group was led by our current Chairman, Michael Batt. Since that time we have experienced unprecedented growth that has led to us being recognized by  Entrepreneur ,  Business Travel News , and  Travel Weekly  magazines, and others as the top network of travel agencies in North America.

We offer you both the support of field consultants who will work with you one-on-one in your office and a Support Service team at our headquarters who are available to answer questions and help you. Both teams’ members average over 22 years of experience in the travel industry and have managed retail travel agencies and/or served as frontline leisure and corporate agents. They are here for you to help you get the maximum benefit from all of the solutions and tools that Travel Leaders has to offer and gain full benefit from being a member of Travel Leaders.

Our only business is the travel business.  As a result, we work hard every day to make sure that our entire member and wholly-owned locations have what they need to achieve their highest levels of success.  We have a proven record of using our expertise to help hundreds of our Associate members succeed. Whether your focus is on leisure or corporate travel, Travel Leaders offers you a comprehensive set of programs, tools, training, and support designed to take you from where you are today to where you want to be. We can offer you the solutions to help you achieve your goals for personal and professional development. We get your travel business goals. We can help get you there.

When you contact Support Services, the team member who answers your call will take ownership of your question and work it through to its conclusion.  You won’t be asked to call back or directed to another extension. Our team members will get the information you need on a timely basis.  This is a significant difference between our Support Services help desk and most others.

We Get Your Dream of Owning Your Own Travel Agency.

We Can Help Get You There.

You have a passion for travel and you’ve dreamed of owning an agency for years, embark on an amazing journey toward fulfilling your dream  today .

At Travel Leaders, we have the proven experience to help you turn your dream of business ownership into a reality. We understand your love of travel and your desire to have a successful business. We will work with you every step of the way, providing you with the tools, training, and support you need to help you succeed.

Through our New Owner program, you’ll receive:

  • Training on how to maximize your earnings in the travel industry
  • Training on how to successfully operate your Travel Leaders travel agency
  • Training on how to effectively manage your staff and personnel
  • Business travel management tools
  • Luxury travel product and training
  • Certified training programs on both business and leisure travel
  • Negotiated programs with airlines, cruise lines, car rental companies, hotels, and more that deliver industry-leading earning opportunities
  • Best-in-class customized marketing programs designed to highlight your agency to your current and future customers
  • Innovative technology tools and solutions to help you operate your business more efficiently
  • In-office consultation from our knowledgeable field support representatives
  • Support to help you utilize our programs and answer any questions you may have

For more information on joining the Travel Leaders Network, please fill out the form to the right.

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travel leaders franchise

Our History

Travel Leaders Market Square Travel LLC is a local, women owned and operated franchise.  Our doors opened for business with one location in 1984, specializing in business and leisure travel.  Our company quickly grew into a full-service corporate travel management company offering much more than traditional reservations. Today, we own and operate seven store front locations with over 60 employees in Minnesota and Wisconsin, with sales in excess of 65 million dollars.

travel leaders franchise

Sandra Lovick

travel leaders franchise

In 1984, our fierce leader, Sandra Lovick had a vision to own and operate her own travel agency.  She set her eyes on an office in the International Market Square building located in Minneapolis and Market Square Travel came to life.  Sandra joined forces with Ask Mr. Foster which became Carlson Wagonlit Travel, and in 2007, the franchise became Travel Leaders.  Sandra is still actively involved with the day to day operations of her business.

Our mission is to be the travel management company of choice for all of our customers while working hard to be a leader in the fast paced and dynamic world of business travel.

Our leadership & business travel team.

travel leaders franchise

Dave Lovick

travel leaders franchise

ViCE President

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Carrie Hanrahan

Director of Business Travel

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Director of Finance

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Vanessa Moos

Business Travel Manager

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Michele Grabau

Business Travel Operations Manager

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JoAnn Beuch

Business Travel Advisor

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Laura Brooking

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Beth Fortin

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Mary Mickelson

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Colleen Myers

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Kristine Petruzzi

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Lexi Duckworth

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Allison Kukowski

Business Travel Coordinator

Travel Leaders is proud to be a part of the the following associations:

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Get In touch

(763) 231-8874.

Email:  [email protected]

Travel Leaders  | [email protected]  |  763-231-8874 Minnesota Offices: Maple Grove | Rochester | Woodbury • Wisconsin Offices: Chippewa Falls | La Crosse | River Falls

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The 5 Best Travel Agency Franchise Businesses in USA for 2023

Travel Franchises have been hit hard over the past few years due to lockdowns caused by the pandemic. But 2023 is expected to be the year when the industry will be restored. Speaking about the best Travel Franchises in the USA market, we noticed that the most successful brands of previous years remain afloat, showing the stability of their businesses. Traveling is a constant mainstream all over the world. Thus, all travel-related businesses will always be in demand. According to IBISWorld research there are 7,000 businesses which deal with travel agency franchises in the US. And the industry is expected to grow to $17.3 billion in revenue by 2021. Travel agency franchises encompass various businesses from air flight services to cruise planning. The franchises offer different opportunities which include both domestic and international trips and could be operated in an office with hundreds employees or at home within a small team. Our list of the best 5 Travel Agency Franchises is full of concepts to fit any need of our promising partner.

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Expedia cruiseshipcenters.

Founded in: 1987 Franchising since: 1987 Franchise units: 253 Initial investment: from $165,000 Franchise fee: $39,000 Royalty Fees: 9%

Expedia CruiseShipCenters is a full-service travel agency franchise founded in 1987 that specializes in cruises but offers a full range of travel products. The copmany's proven model has helped achieve an average sales growth of 20% a year for more than two decades. As an Expedia CruiseShipCenters franchise owner, you support your travel agents and earn a share of commissions. So the bigger and more successful your team is, the stronger your financial return. With no limits on sales team size, you can build your travel business as big as your dreams!

Expedia CruiseShipCenters Franchise in the USA

Travel Leaders

Founded in: 1888 Franchise since: 1984 Franchise units: 353 Initial investments: from $2,270 Franchise fee: $0 - $1,500 Royalty Fees: to $1,000 per month

Travel Leaders is transforming travel with a name that boldly embodies our commitment to our vacation and business travel clients via a progressive approach toward each unique travel experience. Travel Leaders offers potential franchisees effective business tools and strategies, including the unequaled Business Travel Management programs, that helped franchise members attract new business in excess of $100 million just last year. The company's all-inclusive toolbox includes templates and services for everything from prospecting to pricing, sales presentations, RFP responses and much more.

TRAVEL LEADERS

Million Air

Founded in: 1984 Franchising since: 1994 Franchise units: 29 Initial investment: from $250,000 Franchise fee: $100,000

Million Air Interlink was founded in 1984 in Dallas, Tx. where the first FBO (Fixed Base Operation), Million Air Dallas, successfully launched one of the most recognized brands in aviation. Today, Million Air is celebrating its 25th Year of providing outstanding FBO, charter and maintenance service through a network of independent franchisees. Million Air's dedication to selecting qualified franchisees along with the strength of our franchise relationships has been a key factor in the growth and the success of the business.

MILLION AIR

Cruise Planners

Founded in: 1994 Franchising since: 1999 Franchise units: 2,658 Initial investment: from $2,295 Franchise fee: $695 - $10,995 Royalty Fees: 3%

Cruise Planners, an American Express Travel Representative, is the nation’s largest home-based travel advisor franchise network. As a Cruise Planners® travel franchise owner, you have the flexibility to run your own travel agency business from anywhere. Cruise Planners provides you with access to award-winning, innovative marketing; cutting-edge mobile technology; dynamic, hands-on training; lead-generating tools, as well as professional coaching and development.

Cruise Planners Franchise in the USA

Dream Vacations

Founded in: 1991 Franchising since: 1992 Franchise units: 1,489 Initial investment: from $1,795 Franchise fee: $495 - $10,500 Royalty Fees: 1.5 - 3%

Celebrating 25 years in business, Dream Vacations has grown to 1400 franchise owners. As part of World Travel Holdings, Dream Vacations is the world’s largest seller of cruise vacations and highly regarded as the industry’s premier travel franchise. Full training is provided during a 6-day Initial training program - located in the cruise capital of the world, Fort Lauderdale, FL. Plus, dynamic continuing education opportunities educate franchisees on the core components of the travel business while focusing on specific operational tools to ensure their success.

Dream Vacations Franchise in the USA

To summarize, we can say any of the listed above travel agency franchises is worth buying. But there is a lot to consider while choosing the best one for you. Pay attention to the reputation of the brand, what training and support are offered, check if the other franchisees are successful. But the main thing you need to do is to align your budget with investment requirements of the brand. In order to ease the challenge, we have made the comparison flowchart of the best travel agency franchises in the USA for you. It shows the minimum estimated initial investment and initial franchise fee of each brand. By using it, you can figure out the difference in financial requirements for each franchise, and decide which one fits you the most.

View all Travel Agency Franchises

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LEADING THE WAY

Travel Leaders Group, a division of Internova Travel Group, is a unified collection of premium brands that empowers our international community of luxury, leisure and corporate travel advisors to create unique travel experiences for their clients through the world’s leading travel companies.

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Travel Leaders Group’s international family of travel brands stand out across the travel industry. Headquartered in Plymouth, MN and active around the world, our extensive network of travel advisors assists travelers across the globe. Click on each brand below to learn more.

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8 Best Travel Agency Franchises [Cost, Fees]

By: Author Tony Martins Ajaero

Do you want to start a travel agency business by buying a franchise? If YES, here are 8 best travel agency franchise opportunities for sale and their cost. The travel and tourism industry of which travel agencies belong to is a big and profitable industry in the United States of America. The travel and tourism industry provide jobs directly and indirectly for countless number of entrepreneurs all over the globe.

The opportunities that are available in the industry cut across service deliveries and product sales et al. Statistics has it that as far back as 2009, the total market size for travel agencies in the United States experienced a sharp decline, dropping from an estimate of $17 billion in 2008 to $14.5 billion. Cruise line booking remains one of the most profitable aspects of travel agencies.

As a matter of fact, they handle an estimate of about 77 percent of bookings in that line of business and also an estimate of about 73 percent of packaged travel tour as it relates to cruise line services. From the above statistics, it is obvious that this is a thriving industry and you can actually come into the industry by buying the franchise of a successful travel agency in the United States of America.

The fact remains that franchising gives you the best of both worlds: the freedom to be your own boss, with the back-end systems and support of a trusted brand to set you up for success. So, if you are looking towards starting a travel agency business, here are some of the best travel agency franchises to buy in the United States of America.

8 Best Travel Agency Franchise Opportunities for Sale and Their Cost

Dream vacations.

Dream Vacations is one of the leading travel and tour agencies in the United States of America. Dream Vacation franchisees sell travel packages, including travel protection, shore excursions, hotels and tours to individuals, couples, families, businesses and groups.

The company was founded in 1991 and they have been franchising since 1992, about 27 years ago. Dream Vacations has her corporate head office at 1201 W. Cypress Creek Rd., #100 Fort Lauderdale, FL 33309 and the current CEO of the company is Brad Tolkin.

Dream Vacations offers in-house financing to cover only franchise fee but they are open for negotiations. The Parent Company of Dream Vacations is World Travel Holdings and they are seeking new franchise units throughout the United States of America.

Financial Requirements

  • Initial Investment – $3,245 – $21,850
  • Initial Franchise Fee – $495 – $9,800
  • Ongoing Royalty Fee – 1.5 to 3%
  • Veteran Incentives – 20% off franchise fee; training fee waived for business partner; training fee waived for first veteran/military spouse associate, reduced by 50% for additional associates; and marketing assets.

Cruise Planners

Cruise Planners is an American Express Travel Services Representative, it is also a home-based travel agent network. Cruise Planners travel agents work from home selling full-service travel packages, including cruises, land-based vacations, travel insurance, car rentals and more. With over 25 years of proven success, Cruise Planners, An American Express Travel Representative, is the nation’s premiere home-based travel advisor franchise.

As a Cruise Planners franchise owner, you will run your own travel advisor business while having the support and leverage of the nation’s largest travel franchise network behind you. As they like to say, you are in business for yourself but never by yourself. The company provides you the training and on-going coaching to establish and grow your business.

Cruise Planners was founded in 1994 and they have been franchising since 1999, about 20 years ago. They have their corporate head office at 3111 N. University Dr., #800 Coral Springs, FL 33065 and the current CEO of the company is Michelle Fee.

Cruise Planners offers in-house financing to cover only franchise fee but they are open for negotiations. The company is seeking new franchise units throughout the United States of America.

  • Initial Investment – $2,295 – $23,367
  • Initial Franchise Fee – $695 – $10,995
  • Ongoing Royalty Fee – 3%
  • Veteran Incentives – 28% off franchise fee, free training for co-owner/associate, $250 marketing credit, $60 design credit, 3 months free technology access, free software license, 1 year free errors & omissions insurance

Expedia CruiseShipCenters

Expedia CruiseShipCenters is North America’s largest retail travel agency franchise and a leading seller of cruise travel. Build equity and enjoy a great lifestyle with their proven franchise model with more than 30 years of success. In addition to cruises, Expedia CruiseShipCenters franchisees sell vacation packages, tours, excursions, travel insurance and more. The company has been franchising since 1987 and is part of the Expedia Inc. family of brands.

The company was founded in 1987 and they have been franchising since 1987, about 32 years ago. They have their corporate head office at 1066 W. Hastings St., #900 Vancouver, BC V6E 3X1 and the current CEO of the company is Mr. Matthew Eichhorst.

Expedia CruiseShipCenters has relationships with third-party sources which offer financing to cover franchise fee, startup costs, equipment, inventory, accounts receivable, and payroll. The Parent Company of Expedia CruiseShipCenters is Expedia Group and they are seeking new franchise units in the following regions/states: Midwest, Northeast, South, Southeast, Southwest, West, and Canada.

  • Initial Investment – $165,495 – $281,990
  • Net-worth Requirement – $300,000
  • Liquid Cash Requirement – $100,000
  • Initial Franchise Fee – $39,000 – $39,000
  • Ongoing Royalty Fee – 9%
  • Ad Royalty Fee – $600/mo.
  • Veteran Incentives – 15% off franchise fee

Travel Leaders

In 1872, Georges Nagelmackers began his company, Wagons-Lits, to install sleeping compartments in European trains. A few years later, he created the Orient Express. In 1888, Ward G. Foster founded Ask Mr. Foster, a travel agency based in St. Augustine, Florida.

Each company expanded – Wagonlit throughout Europe and Africa, Ask Mr. Foster across the United States and Europe. Carlson Companies Inc. purchased Ask Mr. Foster in 1979; the company changed its name to Carlson Travel Network in 1990.

Carlson Travel Network and Wagonlit Travel merged in 1997, forming Carlson Wagonlit Travel. Then in 2008, that company joined with Travel Leaders and Tzell Travel Group to form what is known today as the Travel Leaders franchise. The Parent Company is Travel Leaders Group and they are seeking new franchise units from all across the world.

  • Initial Investment – $2,270 – $16,910
  • Ongoing Fees (Initial Franchise Fee) – $1,500
  • Ongoing Royalty Fee – Up to $1K / mo.
  • Ad Royalty Fee – $109 to $274 / mo.

Tix Travel & Ticket Agency

Tix Travel & Ticket Agency is a unique travel agency in the United States of America that also engages in the sale of concert, sports, and theater tickets. Tix Travel & Ticket Agency was founded in 1982 and they have been franchising since 1989.

If you are interested in this franchise, Tix Travel & Ticket Agency can be contacted via P.O. Box 1595 Oldsmar, FL 34677. Tix Travel & Ticket Agency is seeking new franchise units from all across the world.

Financial Requirements and Info

  • Initial Investment – $995
  • Financing Available – Yes
  • Total Units – 500

Results! Travel

Results! Travel is part of the Travel Leaders Franchise Group, which also franchises Travel Leaders. Existing travel agencies can become franchisees of Results! and gain access to the company’s resources, suppliers, training and technology while maintaining their own business name.

The company was founded in 2000 and they have been franchising since 2000, about 19 years ago. Results! Travel has her corporate head office at 3033 Campus Dr., #W320 Plymouth, MN 55344 and the current CEO of the company is Mr. Barry Liben. The Parent Company of Results! Travel is Travel Leaders Group and they are seeking new franchise units throughout the United States of America.

  • Initial Investment – $25 – $10,400
  • Initial Franchise Fee – $1,500
  • Ongoing Royalty Fee – to $300 / year.

CruiseOne Dream Vacations

Dream Vacations is the largest franchiser of independent cruise agents in North America. Take your passion for travel to the next level. With a Dream Vacations home-based travel agency franchise, you can help people achieve the getaway or their dreams while owning your own business. Enjoy the flexibility that comes with working anywhere in the world, at any time. Join the most awarded travel franchise today.

  • Cash Investment – $3,500
  • Investment Range – $495 – $9,800
  • Franchise Fees – $495
  • Franchise Units – 1200

The American Express Company

The American Express Company, also known as Amex, is an American multinational travel cum financial services corporation headquartered in Three World Financial Centers in New York City. The company was founded in 1850 and is one of the 30 components of the Dow Jones Industrial Average. The company is best known for its charge card, credit card, and traveler’s cheque businesses.

In 2017, Forbes named American Express the 23rd most valuable brand in the world (and the highest within financial services), estimating the brand to be worth US$24.5 billion. In 2018, Fortune ranked American Express as the 14th most admired company worldwide, and the 23rd best company to work for.

  • Initial Fee – $3,500
  • Annual Fee – $13,100 to $45,500
  • Real Estate and Improvements – $0 to $5,000
  • Total – $16,600 to $54,000

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  • How Much Does It Cost to Open Days Inn By WindHam Franchise?
  • How Much Do Cruise Planners Franchise Owners Make?
  • How to Open Expedia Cruises Franchise [Cost, Fees, Requirements]
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The Best Travel Agency Franchises of 2023 (Updated Rankings)

Last updated on March 1, 2023 by Franchise Chatter 1 Comment in Franchise Chatter Hot List , Travel Franchise

CruiseOne Franchise Photo by quinet

Learn Which Franchises Can Make You Rich

This annual list of the best travel agency franchises was revised and updated on March 1, 2023.

💵 Interested in any of the franchises on this list? Click here to find out if they (or similar franchises) are still available in your area.

Although the internet has made it easy for anyone to book flights and hotel rooms, there is still a large market for travel agencies, mostly focused on booking full vacation packages for people who don’t have the time or inclination to figure out all the details. By taking over the planning for travelers, agencies add value, reduce hassle, and draw in business. This is why cruise and travel agency franchises have a market size of $5.7 billion and employ over 29,000 people in nearly 11,000 businesses .

The Growth in Franchised Travel

Cruises play a large part in the business of travel agency franchises. This fits the model of these agencies, as cruises provide an all-in-one holiday package, the sort of thing that travelers go to agencies for. They’re also relatively high value holidays that can provide a good commission relative to the work involved in arranging them. There are so many options, even within the cruise industry, that it’s often hard for customers to figure out which one is right for them, and an agency can help with this. Travel agencies can obtain discounts on cruise bookings thanks to their relationships with the cruise companies, saving consumers hundreds of dollars per cruise.

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These businesses grew an impressive 13.6% per year on average from 2018 to 2023 . Some of this growth came from trends that were already in place in the 2010s, as high consumer spending boosted travel and franchise agencies moved in to take a share of the market. Online agencies in particular benefited from lower costs that allowed them to offer better deals and make better profits. Ever since the mid-90s, travel agencies have been shifting toward an online, home-based model, and that’s an approach that really fits current times.

The tourism industry was badly damaged by the Covid pandemic. Strict controls on both international and domestic travel, fears about the virus, and horror stories about outbreaks on cruise ships combined to kill a huge portion of the tourist trade. Cruise ships remained docked in US ports throughout 2020 under a no sail order from the Center for Disease Control. Revenues for travel and cruise franchises fell from over $3.2 billion to under $2.7 billion in 2020 , a less dramatic fall than was initially reported, but still a serious blow for an industry that had been rising in value for the whole of the previous decade.

Revenues were initially slow to recover, reaching $3 billion in 2021, still behind where the industry had been pre-pandemic. More than half of American consumers put money away in 2020 to spend on things they’ve missed during the crisis, and tourism was part of that, but health fears and financial insecurities still held some people back. The future of the industry looked uncertain.

Prospects for Travel Franchises

Despite all the uncertainties and challenges, things have now swung the other way. Franchised travel and cruise businesses are seeing the greatest growth they’ve ever experienced, reaching $5.1 billion in value in 2022 and with their market expected to reach $5.7 billion in 2023.

This has clearly been driven in part by people getting out and traveling post-Covid. The economic recovery and the pent-up desire for travel have benefited the industry, and franchises have taken a large part of that. E-commerce sales are also important , as more travel bookings shift online, where the brand reach and marketing power of franchises provide significant benefits. This fits well with a working from home model which has allowed the industry to cut costs, and so to offer more appealing deals.

But while revenues are expected to grow in the next year, profits are expected to decline . Geopolitical tensions and ongoing health concerns still affect customers’ travel plans, while rising competition in the industry is pushing down prices and so profits. The prospect of an economic downturn could further impact the industry, as expensive vacations are something that consumers will cut back on if finances get tight.

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Problems in specific parts of the world can affect some travel agents. For example, an agency with a focus on eastern Europe would have seen a lot of business lost in the past year thanks to events in Ukraine. It’s impossible to plan for every eventuality, but offering a diverse range of options can protect a business against events beyond its control.

Travel agencies are surprisingly low-cost franchises to purchase. The cost of entry is low, with little expenditure on equipment and training. This means that there’s also plenty of competition, which can create both challenges and opportunities. In current circumstances, this is an accessible option for a franchise, but one that holds potential for strong long-term profits if the tourism industry continues its current trend. Recent dramatic growth can make the sector seem very appealing, but before jumping on board, it’s important to ask, how sustainable is that growth, and how much of it will turn into profit?

The Top Travel Agency Franchises of 2023

1. cruise planners.

Cruise Planners is a work-from-home franchise concept in which its Travel Advisors sell all kinds of vacation travel packages, but with a special focus on cruises. Cruise Planners as a company has become a recognized master of micro-targeted email marketing along with its other high-tech, big-data-driven marketing tactics and technologies that give Travel Advisors the edge they need to succeed. In fact, its chief information officer, Brian Shultz, was once named CIO of the Year at South Florida Business Journal’s Annual Technology Awards.

Founded in 1994 by Michelle Fee in Coral Springs, Florida and franchising since 1999, the number of locations expanded rapidly in recent years from 1,172 in 2012 to 3,151 in 2020 but has since dropped back to the current total of 2,585 (down from the previously reported total of 2,659), of which one is company-owned and all are located in the US.

2. Dream Vacations

Dream Vacations is a spin-off from CruiseOne in order to make sure people knew they did more than just book cruises. Both travel franchise concepts are owned and operated by World Travel Holdings. The cost for a new franchisee without travel agent experience is just under $10,000, while those with a medium level of experience get a 67% discount and more experienced travel agents can buy in at a 95% discount.

Franchisees can literally work from anywhere with an Internet connection, and are encouraged to travel as much as possible themselves to keep their own knowledge and travel experiences up-to-date to improve their customer service. And franchisees also get to do their own travel at deeply discounted rates.

Founded in 1991 and franchising since 1992, the number of locations grew steadily from 909 in 2012 to 1,553 in 2020, then dropped to 1,489 in 2021, and has now risen to the current total of 1,618, of which none are company-owned and two are located outside the US.

3. Travel Leaders

Travel Leaders has a long history dating back to the 1800s. Wagonlit Travel was founded in 1872 by Georges Nagelmackers (who created the Orient Express) while Ask Mr. Foster was a travel agency founded in 1888 by Ward G. Foster. In 1979, Carlson Travel Networks acquired Ask Mr. Foster and in 1997 merged with Wagonlit Travel to form Carlson Wagonlit Travel. Then in 2008, a three-way merger with Carlson Wagonlit, Tzell Travel Group, and Travel Leaders resulted in the Travel Leaders franchise.

The company is known for going the extra mile in customer service – not only getting to know customer preferences, but also helping them through any and all issues or challenges that may arise during travel.

Founded in 1888 and franchising since 1984, the number of locations declined for a time and the last known reported total was 367 in 2016, of which 24 were company-owned and three were located outside the US. The company website claims nearly 7,000 “travel agency locations,” but it’s not clear what is being counted – individual agents or agency locations.

4. Expedia Cruises

Expedia Cruises , as its name implies, has a special focus on selling cruises, but also offers a full array of other travel services and vacation packages of all types. This company has the distinct advantage of carrying the well-recognized Expedia brand name. Expedia purchased CruiseShipCenters International in 2007 and eventually decided franchising was the way to expand it.

Franchisees can get involved as individual travel agents (Vacation Consultants) who can work from home or at the nearest retail location, or can select to run a retail location.

Founded in 1987 and franchising since that same year, the number of locations climbed slowly but steadily in recent years from 159 in 2012 to 269 in 2020, but has since fallen to the current total of 246 (down from the previously reported total of 253), of which none are company-owned and 159 are located outside the US.

An Important Note About Our Methodology

The franchises on this list were ranked according to the number of units in the franchise system. If you are a prospective franchisee searching for franchise opportunities that meet or exceed certain performance benchmarks for sales, profits, and return on investment , please check out this list of America’s Most Lucrative Franchises .

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The Unique Burial of a Child of Early Scythian Time at the Cemetery of Saryg-Bulun (Tuva)

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Pages:  379-406

In 1988, the Tuvan Archaeological Expedition (led by M. E. Kilunovskaya and V. A. Semenov) discovered a unique burial of the early Iron Age at Saryg-Bulun in Central Tuva. There are two burial mounds of the Aldy-Bel culture dated by 7th century BC. Within the barrows, which adjoined one another, forming a figure-of-eight, there were discovered 7 burials, from which a representative collection of artifacts was recovered. Burial 5 was the most unique, it was found in a coffin made of a larch trunk, with a tightly closed lid. Due to the preservative properties of larch and lack of air access, the coffin contained a well-preserved mummy of a child with an accompanying set of grave goods. The interred individual retained the skin on his face and had a leather headdress painted with red pigment and a coat, sewn from jerboa fur. The coat was belted with a leather belt with bronze ornaments and buckles. Besides that, a leather quiver with arrows with the shafts decorated with painted ornaments, fully preserved battle pick and a bow were buried in the coffin. Unexpectedly, the full-genomic analysis, showed that the individual was female. This fact opens a new aspect in the study of the social history of the Scythian society and perhaps brings us back to the myth of the Amazons, discussed by Herodotus. Of course, this discovery is unique in its preservation for the Scythian culture of Tuva and requires careful study and conservation.

Keywords: Tuva, Early Iron Age, early Scythian period, Aldy-Bel culture, barrow, burial in the coffin, mummy, full genome sequencing, aDNA

Information about authors: Marina Kilunovskaya (Saint Petersburg, Russian Federation). Candidate of Historical Sciences. Institute for the History of Material Culture of the Russian Academy of Sciences. Dvortsovaya Emb., 18, Saint Petersburg, 191186, Russian Federation E-mail: [email protected] Vladimir Semenov (Saint Petersburg, Russian Federation). Candidate of Historical Sciences. Institute for the History of Material Culture of the Russian Academy of Sciences. Dvortsovaya Emb., 18, Saint Petersburg, 191186, Russian Federation E-mail: [email protected] Varvara Busova  (Moscow, Russian Federation).  (Saint Petersburg, Russian Federation). Institute for the History of Material Culture of the Russian Academy of Sciences.  Dvortsovaya Emb., 18, Saint Petersburg, 191186, Russian Federation E-mail:  [email protected] Kharis Mustafin  (Moscow, Russian Federation). Candidate of Technical Sciences. Moscow Institute of Physics and Technology.  Institutsky Lane, 9, Dolgoprudny, 141701, Moscow Oblast, Russian Federation E-mail:  [email protected] Irina Alborova  (Moscow, Russian Federation). Candidate of Biological Sciences. Moscow Institute of Physics and Technology.  Institutsky Lane, 9, Dolgoprudny, 141701, Moscow Oblast, Russian Federation E-mail:  [email protected] Alina Matzvai  (Moscow, Russian Federation). Moscow Institute of Physics and Technology.  Institutsky Lane, 9, Dolgoprudny, 141701, Moscow Oblast, Russian Federation E-mail:  [email protected]

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  • Travel Franchise

How Do I Become a Franchise Owner? An Owner’s Story

dad, mom, son with a cruise ship behind them

Have you ever asked yourself, “How do I become a franchise owner?” The Dream Vacations team can help you start your journey if you aim to own a travel business. 

When you become a Dream Vacations Franchise Owner, you gain access to a proven toolkit for success, regardless of your background or prior experience. Our franchise owners come from diverse backgrounds and enjoy the ability to work from anywhere. 

Dream Vacations franchises are particularly appealing to women because of the flexibility and opportunity to thrive in the travel industry. Melissa Cohn, a Dream Vacations franchise owner in Dix Hills, NY, explains how our company empowers franchise owners like her to chart their courses as fully remote travel advisors and independent business proprietors. 

How to Become a Travel Agent  

Melissa is the owner of Melissa Cohn – Dream Vacations . She’s been a travel advisor for more than 10 years, starting her career as an independent contractor with the organization in February 2014.  

“Three years later, I was consistently the top-selling independent contractor travel agent through 2021,” Melissa says. 

In 2022, Melissa was presented with a few options: Work for another franchise as an independent contractor or start her own business. She decided to “take the plunge” and become a franchise owner in February 2022. 

Establishing a Travel Agency  

Before she was a travel advisor, Melissa was a deputy county attorney for Nassau County in New York. Though she maintains her license to practice law in New York and New Jersey, Melissa’s full-time job is now to run her Dream Vacations franchise. 

“I truly love that I get to help clients plan their dream vacations,” Melissa said. 

Owning a Dream Vacations business allows Melissa to be there for her family. Melissa is married, and she and her husband are proud parents to a 9-year-old son and a Shih Tzu. Melissa loves having the freedom to schedule her client calls around soccer games, PTA meetings and classroom events.    

“Being my own boss and having a successful business while balancing it with family is beyond rewarding. Our family loves to travel and has been to so many wonderful places,” she said. 

How to Build a Travel Agency Business  

Melissa personally works with every one of her clients. Because of this link, many of her customers have become her friends – Melissa loves that she can tailor trips to clients’ wishes and recommend options for those with dietary or other special needs.    

“I get excited for every guest who travels, and they know I will not send them somewhere that I will not travel to myself,” Melissa said. 

Since the inception of her Dream Vacations franchise, Melissa has been consistently part of the Circle of Excellence for her network, which represents the top 1-2% of the company’s travel franchises.  

“This recognition is a testament to my hard work and dedication. I am proud to be a franchise owner with Dream Vacations,” she said. 

Tourism Franchise Opportunities  

As a Dream Vacations Franchise Owner, your clients depend on your knowledge and expertise to transform their travel experiences from ordinary to extraordinary. Business owners like Melissa consistently go above and beyond to ensure their clients enjoy the best possible trips designed for their preferences. 

As you explore setting up a travel franchise, remember that while you’ll have your own business, Dream Vacations will support you throughout the process. We can begin by helping you answer the question, “How do I become a franchise owner?” 

Sign up for our webinar or contact the Dream Vacations team today at 800-892-3928 to gain the freedom to operate from any location worldwide and embrace the role of an authentic entrepreneur running your own venture. 

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Don't Play Catch-up With Your Competition — Use These 3 Essential Technologies to Power Up Your Small Business Here are three technologies for you to embrace in your business for faster growth and higher success.

By Veronica Fernandez Edited by Micah Zimmerman May 22, 2024

Key Takeaways

  • As the pace of technology continues to accelerate, you may find your business in a relentless race to keep up with larger enterprises in the digital economy. 
  • Even a one-second delay could mean a dollar loss in the digital era.

Opinions expressed by Entrepreneur contributors are their own.

My uncle tirelessly grew his family business through long nights and early mornings. Back then, nearly everything was done manually, which meant businesses needed to be incredibly resourceful and efficient to become successful. Today, not much has changed for small businesses on that front. We're fortunate enough to have a wealth of technology at our fingertips, but that technology has accelerated business's pace. What used to take my uncle weeks or months to accomplish in his business can now be done in hours.

While emerging technology has many advantages, it has also rewritten the rulebook for small businesses. Even a one-second delay could mean a dollar loss in the digital era. This year, 64% of surveyed small businesses plan to invest in technologies that streamline operations and enhance efficiency, reflecting a widespread recognition of the need to adapt. However, it's not just about playing catch-up; it's about seizing opportunities to grow and stay ahead of the competition.

1. Using AI for smarter operations

Artificial intelligence tops this list for a good reason. Yes, it's a hot topic among tech circles, but it's also a game-changing tool for small businesses looking to automate and streamline their productivity. According to a recent Visa study, 65% of surveyed SMBs in the US are optimistic that AI will positively impact their business, with 63% stating they trust AI to help build their business.

Among the promising developments of this technology, generative AI is distinctive for its growing accessibility. Today, generative AI can help free up your time and transform your business in four ways:

  • Automation : Implementing generative AI to automate administrative tasks is one of the best ways to leverage the technology. Consider leveraging these tools for back-end business processes like managing inventory, targeting marketing efforts, or forecasting sales. For instance, generative AI tools can help you better understand your finances and leverage your historical financial data to provide real-time forecasting within seconds, a critical advantage for any small business when cash flow is king.
  • Virtual assistance : Customers are the bread and butter of any business, but prioritizing their needs can be challenging when other aspects of the business need attention. As a solution, implementing AI-powered virtual support can enable responses to customer queries instantly, ensuring that your business provides round-the-clock customer care.
  • Hyper-curated recommendations : Today's AI tools can advance natural language interactions, allowing customers to engage with the technology conversationally as they would an employee. They can also provide product and service recommendations tailored to customers' preferences and interests based on their previous shopping behaviors.
  • Fraud prevention : As everything moves digital, AI is vital in securing your transactions . AI systems can monitor suspicious patterns and flag unusual activity in real time to help protect your business and customers. In some cases, these tools can put a hold on potentially fraudulent transactions quickly until they can be reviewed by human support.

Related: How Small and Mid-Sized Businesses Can Leverage AI to Compete With Large Companies

2. Leveraging embedded finance for seamless integration into the digital economy

Not long ago, managing finances was a distinctly separate undertaking from other day-to-day business operations. You might have paid suppliers with checks, relied solely on cash transactions, or struggled to secure credit as a small business owner. Today, however, the economy has changed dramatically thanks to embedded finance , which integrates all essential financial activities — from payments to lending — into websites, apps and marketplaces to simplify processes.

These activities have become so seamless in our daily lives that it's hard to imagine a time without them. Consider the once-time-consuming process of handling invoices. What previously required multiple steps and often multiple software apps can now be managed directly through your accounting or operating platforms with a virtual card.

Embedded finance tools aren't just technical upgrades. They're allowing small businesses to thrive in the digital economy and compete on an equal footing with larger players. In fact, research shows that 73% of small businesses surveyed believe that using new forms of digital payments is fundamental to growth. For your customers, this means they can enjoy the convenience of instant transactions and personalized digital financial services to which they've become accustomed. Whether a consumer or a business owner, we all want to be able to do things in one place, and payments are no different.

Digital wallets and Tap to Phone technology make it easier for customers and businesses to quickly make transactions anywhere in the world with a simpler, faster and more seamless experience. With the number of digital wallet users projected to reach nearly 5.4 billion users by 2028 , embracing these digital payment methods like virtual cards will ensure your small business meets customer expectations and remains at the forefront of the digital economy.

Related: 12 Cost-Cutting Strategies to Help You Thrive in a Slow Economy

3. Integrate advanced technology to "consumerize" your interactions

Much like a person splitting the dinner bill with a friend or sending funds overseas to a loved one, businesses also expect global access to finance to be as quick, digital, transparent and customized. In fact, Millennials and Gen Z made up 64% of purchase influencers in Forrester's survey of business buyers. In turn, digital B2B transactions continue to grow to help meet the evolving demands of today's digitally native workforce. Digitalization can help your business increase reach, enhance competitiveness and improve operational efficiencies . The rise of innovative technology across various industries and areas of the global financial system has given way to leading solutions designed to reshape the business-to-business (B2B) payment landscape.

These types of technology can support mobile and online transactions, automated invoicing to suppliers and vendors and cross-border payments. For example, cloud-ready solutions offer connectivity and flexibility to businesses without requiring a significant investment in technology. Additionally, a global payment network can facilitate fast, secure and cost-effective B2B transactions, eliminating the friction associated with traditional interactions.

If there's one thing I've learned from my family's experience, it's that small businesses are never without resolve. As the pace of technology continues to accelerate, you may find your business in a relentless race to keep up with larger enterprises in the digital economy.

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Out of the Centre

Savvino-storozhevsky monastery and museum.

Savvino-Storozhevsky Monastery and Museum

Zvenigorod's most famous sight is the Savvino-Storozhevsky Monastery, which was founded in 1398 by the monk Savva from the Troitse-Sergieva Lavra, at the invitation and with the support of Prince Yury Dmitrievich of Zvenigorod. Savva was later canonised as St Sabbas (Savva) of Storozhev. The monastery late flourished under the reign of Tsar Alexis, who chose the monastery as his family church and often went on pilgrimage there and made lots of donations to it. Most of the monastery’s buildings date from this time. The monastery is heavily fortified with thick walls and six towers, the most impressive of which is the Krasny Tower which also serves as the eastern entrance. The monastery was closed in 1918 and only reopened in 1995. In 1998 Patriarch Alexius II took part in a service to return the relics of St Sabbas to the monastery. Today the monastery has the status of a stauropegic monastery, which is second in status to a lavra. In addition to being a working monastery, it also holds the Zvenigorod Historical, Architectural and Art Museum.

Belfry and Neighbouring Churches

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Located near the main entrance is the monastery's belfry which is perhaps the calling card of the monastery due to its uniqueness. It was built in the 1650s and the St Sergius of Radonezh’s Church was opened on the middle tier in the mid-17th century, although it was originally dedicated to the Trinity. The belfry's 35-tonne Great Bladgovestny Bell fell in 1941 and was only restored and returned in 2003. Attached to the belfry is a large refectory and the Transfiguration Church, both of which were built on the orders of Tsar Alexis in the 1650s.  

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To the left of the belfry is another, smaller, refectory which is attached to the Trinity Gate-Church, which was also constructed in the 1650s on the orders of Tsar Alexis who made it his own family church. The church is elaborately decorated with colourful trims and underneath the archway is a beautiful 19th century fresco.

Nativity of Virgin Mary Cathedral

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The Nativity of Virgin Mary Cathedral is the oldest building in the monastery and among the oldest buildings in the Moscow Region. It was built between 1404 and 1405 during the lifetime of St Sabbas and using the funds of Prince Yury of Zvenigorod. The white-stone cathedral is a standard four-pillar design with a single golden dome. After the death of St Sabbas he was interred in the cathedral and a new altar dedicated to him was added.

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Under the reign of Tsar Alexis the cathedral was decorated with frescoes by Stepan Ryazanets, some of which remain today. Tsar Alexis also presented the cathedral with a five-tier iconostasis, the top row of icons have been preserved.

Tsaritsa's Chambers

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The Nativity of Virgin Mary Cathedral is located between the Tsaritsa's Chambers of the left and the Palace of Tsar Alexis on the right. The Tsaritsa's Chambers were built in the mid-17th century for the wife of Tsar Alexey - Tsaritsa Maria Ilinichna Miloskavskaya. The design of the building is influenced by the ancient Russian architectural style. Is prettier than the Tsar's chambers opposite, being red in colour with elaborately decorated window frames and entrance.

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At present the Tsaritsa's Chambers houses the Zvenigorod Historical, Architectural and Art Museum. Among its displays is an accurate recreation of the interior of a noble lady's chambers including furniture, decorations and a decorated tiled oven, and an exhibition on the history of Zvenigorod and the monastery.

Palace of Tsar Alexis

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The Palace of Tsar Alexis was built in the 1650s and is now one of the best surviving examples of non-religious architecture of that era. It was built especially for Tsar Alexis who often visited the monastery on religious pilgrimages. Its most striking feature is its pretty row of nine chimney spouts which resemble towers.

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COMMENTS

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  26. Savvino-Storozhevsky Monastery and Museum

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