|
Below is an in-depth analysis and side-by-side comparison of Travelodge Hotels vs Dolce by Wyndham including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $184,960 - $8,424,593 | $743,675 - $22,345,559 |
Franchise Fee | $35,000 - $38,000 | $35,000 - $50,000 |
Royalty Fee | 4.5% | 5% |
Advertising Fee | 4% | - |
Year Founded | 1939 | - |
Year Franchised | 1966 | - |
Term Of Agreement | 15 years | 15-20 YEARS |
Term Of Agreement | 15 years | 15-20 YEARS |
Renewal Fee | - | Negotiable, renewable |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/No | -/- |
Start-up Costs | Yes/No | -/- |
Equipment | No/Yes | -/- |
Inventory | Yes/Yes | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | On-The-Job Training: 3-4 days Classroom Training: 4 days Additional Training: Regional workshops; customized property training | - |
Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations | - |
Marketing | Co-op Advertising National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
Operations |
International franchisees required to buy multiple units/master licenses; 25% of all franchisees own more than one unit Number of employees needed to run franchised unit: 25 Absentee ownership of franchise is allowed. | - |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | Yes | No |
International Expansion | Yes | Yes |
Building temporary worker Scott King opened his first motel, King's Auto Court in 1935- - so as to welcome visitors going to San Diego's World's Fair. Throughout the following five years, he opened 24 more inns around Southern California. The first under the name Travelodge opened in 1940, and this turned into the name of Scott's organization in 1946. Today Travelodge is a piece of the Wyndham Worldwide gathering of lodging networks.
Known for offering high caliber, agreeable, yet reasonable rooms, Travelodge inns advance to many markets including families, seniors and business voyagers. With about 500 Travelodge areas all through the United States, Canada and Mexico, we keep on expanding our offerings to meet our visitors' differing needs. We offer projects and courtesies including:
* Wyndham Rewards, the world's biggest lodging rewards program*
* Best Available Rate Guarantee, guaranteeing that visitors locate our most minimal rate on the Internet
* Pet Friendly Locations
* Bear Bites complimentary breakfast which incorporates newly blended espresso, squeezed orange, arranged bagels, biscuits or baked goods
* Bear Basics in-room courtesies, our new drain and nectar scented lavatory luxuries
* Free day by day daily papers * In-room espresso
* Pools and/or meeting rooms at numerous areas
* Sleepy Bear Den rooms at numerous areas
Dolce Hotels and Resorts offer motivating situations that unite individuals. From its commencement in 1981, the brand keeps on conveying an excellent gatherings encounter by giving motivating, cordial and attentive situations for individuals to meet and learn. Situated in special goals inside the United States, Canada and Europe, the brand gives network through its offices, outline, design, innovation and a group of devoted experts offering a customized benefit.
Start!
Building a solid, gainful business takes assets. As a feature of the Wyndham family, you get them. Select access to world-class advancement bolster administrations - Design, Development and Sourcing.
As one of the world's biggest neighborliness organizations, Wyndham Worldwide offers explorers around the world, and in addition lodging financial specialists, engineers, and administrators, a wide suite of cordiality items and administrations crosswise over different convenience options and value ranges. We have constructed a critical nearness in real accommodation advertises in the United States and all through the world.
We establishment inns in the upper upscale through economy fragments of the cabin business and give property administration administrations to upscale properties through Wyndham Hotel Management.