Wednesday, January 17, 2024
Dream Vacations ranks atop the travel industry's Entrepreneur Franchise 500® and ranks 54th overall for growth, stability and brand strength in the franchise industry.
Dream Vacations has earned top franchising honors by being ranked in the esteemed Franchise 500® by Entrepreneur, the world's pioneering and exhaustive franchise ranking. Established 45 years ago, this annual honor is a coveted recognition in the franchising sector and serves as an important reference for future franchise owners. In the 2024 edition, Dream Vacations earned the No. 1 spot in the Travel category and was ranked No. 54 across all industries, reflecting its impressive growth, financial health and brand influence.
Winning the title of Best Travel Agency Franchise on the Franchise 500 three years in a row is an incredible feat and is a testament to the dedication of the staff at Dream Vacations headquarters and the outstanding franchise network that continues to strengthen the brand's profile. It's proof. “Each of the Franchise 500 franchises has a unique story, but they share a common message,” said Jason Pfeiffer, editor-in-chief of Entrepreneur magazine. “The franchise sector is dynamic, resilient and has an innovative outlook. It is fully stocked and offers a variety of services.” For many, this is an important path to entrepreneurship. He continued, “In our 45th annual Franchise 500, we highlight companies with breakthrough ideas, impactful business models, cultural influence, and advanced business acumen that will shape the coming decades.'' ” he added.
Entrepreneurs are constantly refining their valuation methods to accurately reflect the evolving landscape of the franchise market. Our editorial team considers a variety of criteria including cost, growth potential, support, brand, and financial strength. Franchises are scored based on more than 150 data points, and the top 500 companies with the highest scores are ranked into the Franchise 500.
“Securing the top spot for a travel agency franchise on the Franchise 500 for the third year in a row is an incredible accomplishment made possible by the tireless efforts of Dream Vacations,” said Drew Daly, Dream Vacations Senior Vice President and General Manager. It's an accomplishment.” our corporate team and our outstanding franchise network. ” He further added, “With the growing demand for travel, entrepreneurs are increasingly interested in setting up travel agencies. We're looking to partner with brands that offer professional training. Now is the time to join the travel industry.”
For more than 40 years, the Franchise 500 has been a vital benchmark for franchisors and remains an important tool for potential franchisees. Dream Vacations' rankings highlight the company's position as a strong franchise opportunity.
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