|
Below is an in-depth analysis and side-by-side comparison of Hospitality vs Days Inns Worldwide including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $133,600 - $2,602,000 | $231,156 - $5,794,510 |
Franchise Fee | $5,000 - $15,000 | $35,000 - $38,000 |
Royalty Fee | $35/rm/night | 5.5% |
Advertising Fee | - | 3.8% |
Year Founded | 1971 | 1970 |
Year Franchised | 1982 | 1972 |
Term Of Agreement | 5 years | 15-20 years |
Term Of Agreement | 5 years | 15-20 years |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/No |
Start-up Costs | No/No | Yes/No |
Equipment | No/No | Yes/No |
Inventory | No/No | Yes/No |
Receivables | No/No | Yes/No |
Payroll | No/No | Yes/No |
Training & Support |
||
Training | Classroom Training: 10.5 hours Additional Training: At regional training seminars | Regional workshops |
Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
Marketing | Ad Templates Regional Advertising Social media Website development Email marketing | Co-op advertising, National media, Regional advertising |
Operations |
50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) |
International franchisees required to buy multiple units/master licenses; 30% of all franchisees own more than one unit
Absentee ownership of franchise is allowed. |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | Yes | No |
International Expansion | Yes | Yes |
Cecil B. Day opened his first lodging in Tybee Island, Georgia, in 1970. From that point forward, Days Inns Worldwide has developed into a system of about 2,000 diversified inns all through the U.S. what's more, around the world, including a few inns that offer free breakfast and permit pets in select rooms.
Days Inn Worldwide is a piece of the Wyndham Worldwide group of lodgings which additionally incorporates Baymont Inns and Suites, Hawthorn Suites, Howard Johnson Int'l., Knights Franchise Systems, Microtel Inns and Suites, Ramada Worldwide, Super 8, Travelodge Hotels, Wingate by Wyndham, and Wyndham Hotels and Resorts.