Lodging Industry - Advantages of Franchises

ADVANTAGES:

1. Use of a nationally known lodging name attracts a larger number of travellers
2. National and / or international advertising and reservation systems are available
3. Lower borrowing costs are available because lending institutions are more willing to lend to a mortgage affiliated with a nationally recognised franchise organisation
4. Professional managerial assistance is provided by the franchiser
5. Group buying or central purchasing offers many supplies at much lower costs. Some franchises even provide architectural plan, layout, decoration, and other critical development costs at substantial savings
6. Training or any or all employees is available at lottle or no cost to the franchise
7. Common decor and a familiar atmosphere are comforting to a weary traveller an unknown place