Days Inn Franchise Review
Days Inn Franchise Review
As a part of the global group Wyndham, brand Days Inn now consists of a worldwide chain of about 2000 franchised hotel in the United States, United Kingdom, Italy, Canada, South America, Africa and Philippines. In 1970, Days Inn was first started in Tybee Island, Georgia, in 1970. There was no looking back, and it began its franchisee operation within next two years.
The convenience for booking and cross supports of the chain is one of the biggest advantages Days Inn hotels have. This is enhanced due to Wyndham's chain of other brands namely Ramada Worldwide, Knights Franchise Systems, Hawthorn Suites, Baymont Inns & Suites, Wyndham Hotels and Resorts and Travelodge Hotels and a few more world class hotels.
Understandably, the franchisees are required to have the strength to match with the financial inputs and business skills to run such capital intensive outfits. However, there has been a significant growth in the number of foreign franchises as evident from 63 in 2006 to 89 in the year 2009. But, there was a slight drop in a number of US franchises, which came down to 1,681 franchisees in 2009 from 1,704 in 2006. Possibly, this is the reflection of the world economic slump and in the coming years Days Inn is expected to hit back with renewed enthusiasm for growth.
The Franchise Scope
Days Inn holds total spree of expansion of franchise business worldwide including the United States. There are earmarked territories for selling franchise rights to the eligible entrepreneurs, whether new or already in hospitality business. Due to the nature of capital deployment in this type of deluxe hotel business and the desired experience, Days Inn permits absentee ownership franchisee.
Parties interested in exclusive territories can look forward to have such territories of varying sizes according to the availability.
The Investment
Total investment involves the expenditure on every account of initial setup and day-to-day running of the business. A franchisee needs to be prepared to meet out the cost of staffing, equipments and inventory. In this type of elegant category of hotels, there is generally involvement of receivable accounts. Approximate investment for Day Inn franchise is from $407,000 - $6,750,000. The franchise fee charged by the company is $36,000 for franchise tenure of 15 to 20 years. The commitment of royalty is to the tune of 5.5%. Both franchise fee and royalty are rather insignificant in comparison to the business advantage with the support from the worldwide chain as well as the strong promotional supports and the brand good image.
Days Inn Support To The Franchises
All franchisees are provided with a general overall training at the headquarters for 5 days, followed with 2 day training at the locations. Days Inn conducts regular regional workshops of 1-3 days duration to accentuate cooperation and growth of business in particular regions.
In regards to business promotion, Days Inn provides toll-free lines, use of national and regional media and corporate ads. It is customary for Days Inn to assist in grand opening of franchisee hotels.
The Business Returns
The franchisees of Days Inn always have the pleasure of working and prospering with one of the most successful brands in hospitality industry. Generally, Days Inn likes to ensure that every property is closely located within easy reach to the relevant and important spots of a particular place. The profit of being a Days Inn franchise is obvious from 20% franchisees owning more than one hotel. Orlando Land For Leisure San Felipe, A Beach in the Desert Denny's Inc. Franchise Review Air travel: Is the particular Clothing People Wear Essential Secure Your Vacations By Travel Insurance Golden Triangle Tours –An Insight into the Glory of India Frequent Traveler Tips Overnight trip to Bahariya Egypt Oasis and Cairo White desert, Bahariya Egypt trip Mazarron As A Holiday Destination Halloween Invitations Leader Gets Bit by Vampire Bug Renting Villas For Holidays In Spain Halloween Invitations Vendor Takes a Bite Out of Vampire Frenzy Gianni Truvianni's "South Africa 2010", Paraguay Beats Japan On Penalties To Make It To The Quarterfinals