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Many of the terms surrounding the purchase of a hotel business can sound familiar--"franchise," "turn key operation" and "operating results" are all terms that are used in business fields outside of the hospitality industry, so you're likely to have encountered them if you're a business owner. Happily, in the hospitality industry, they generally retain the basic meaning that you're familiar with. More»
Business professionals who are interested in the hotel industry and intend to buy hotel business locations will have many choices to make. You will need to pick the right location for your establishment, decide whether you want an independent hotel or a franchise opportunity and come up with a realistic budget for your purchase. More»
Travel is an increasingly growing industry, as more and more people are traveling for business and vacations. If you're looking to start a travel related business, such as a travel franchise, it's important to look deeply into the industry before taking the leap. Travel is a huge industry which has many different aspects of it, including hotels, airlines, cruise ships, rental cars, biking tours, ski resorts, city tours, tourist attractions, and not to mention the other various area specific attractions and so forth. In order to figure out if a travel business is right for you, you should learn about how a travel business works in the specialized area you are interested in, look into professional groups, take courses relating to the travel industry, and remember to consider all of the legal factors relating to the field.
To get started, you should look into books and courses, and consider apprenticing at a travel agency or trying an entry level or part time job to further your knowledge of the field. Then, you should work on finding out what professional organizations can help you with having a travel business. Of course, keep in mind all of the legal aspects as well, making sure you are insured, have business accounts, and get licensed if your state requires it. The informative links on Business.com can help you to learn more about starting a travel franchise and the tools to help you get started.