Park Inn by Radisson vs voco hotels Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Park Inn by Radisson vs voco hotels including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Park Inn by Radisson Franchise
voco hotels Franchise
Investment $3,692,674 - $20,934,027$15,963,880 - $46,738,600
Franchise Fee $35,000$75,000
Royalty Fee 4.5%0
Advertising Fee 2%0
Year Founded 19862020
Year Franchised 20002020
Term Of Agreement 15 Year-
Term Of Agreement 15 Year-
Renewal Fee --


Business Experience Requirements
 
Park Inn by Radisson Franchise
voco hotels Franchise
Experience --

Financing Options
 
Park Inn by Radisson Franchise
voco hotels Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/-
Start-up Costs No/No-/-
Equipment No/No-/-
Inventory No/No-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support
 
Park Inn by Radisson Franchise
voco hotels Franchise
Training
  • Pre-Opening assistance includes: consultation services; hotel operations assistance; purchasing programs; standards manuals; training programs
  • Ongoing assistance includes: consultation services; purchasing, training and marketing programs; reservation system access; hotel inspections
  • Revenue optimization tools
  • Look To Book, an innovative, patented reward program for travel agents
  • A dedicated brand sales team
  • Social media expertise and support
  • Strategic alliance with the world's leading business travel management company, CWT
  • A dedicated field operations team
  • Dedicated revenue specialists
-
Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives-
Marketing Co-op advertising, Ad slicks, National media, Regional advertising-
Operations

Number of employees needed to run franchised unit: 20 - 25

Absentee ownership of franchise is allowed.

-

Expansion Plans
 
Park Inn by Radisson Franchise
voco hotels Franchise
US Expansion YesYes
Canada Expansion Yes-
International Expansion YesYes

Company Overviews

About Park Inn by Radisson

Park Inn® by Radisson is a colorful and dynamic, upper midscale hotel brand aimed at tech savvy, youthful travelers who know what they want from a hotel stay and also seek value for money. Accessible and inclusive, the brand is friendly, positive, vibrant and uncomplicated, providing both business and leisure travelers with the affordable hotel experience they desire. From functional rooms to flexible meeting spaces, the guest experience is designed to be totally reliable and hassle-free. Ideal for conversions and new builds, Park Inn by Radisson is an energetic hotel brand with unexpected touches of iconic contemporary design. The hotels can be found in capital cities and economic hubs-often close to city centers, airports and railway stations. Our initial fees are $350/room, $35,000 minimum

About voco hotels

"voco

Drawing on their years of experience in delivering True Hospitality, voco Hotels, gives people a different choice.

The voco™ brand offers owners the ability to drive higher returns by delivering a distinctive, compelling, experiential consumer proposition and leveraging IHG's powerful resources.
voco is leading a trend towards conversions, which we’re seeing across the full breadth of our portfolio and accounted for a quarter of IHG’s signings overall in the first half of 2020