FORT LAUDERDALE, FLA. – Dream Vacations was recognized as one of the top 500 franchises in Entrepreneur’s Franchise 500, the world’s first, best and most comprehensive franchise ranking. An invaluable resource for potential franchisees, the 2022 Franchise 500 ranks Dream Vacations as number one in the travel category, 82 across all industries, and in the top 16 percent of all franchise opportunities for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.
“The past year has been one of the most challenging for businesses in recent memory, which made putting together our 43rd annual Franchise 500 list more enlightening than ever,” says Entrepreneur Editor in Chief Jason Feifer. “The companies named to this year’s list showed us how being resilient, supportive, and nimble can help navigate extraordinary challenges and also underscore the grit and innovation that define entrepreneurship.”
In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s 43-year-old ranking formula continues to evolve as well. The editorial team researches and assesses several factors that go into the evaluation, including:
- Costs and fees
- Size and growth
- Brand strength
- Financial strength and stability.
Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
“It is always an honor to be included on the Franchise 500 list, but this year’s ranking is extra special not only because we were named the best in our category, but because the metrics speak to the power of the Dream Vacations brand, the success of our franchise owners and the financial stability of our parent company World Travel Holdings,” said Drew Daly, general manager and senior vice president of Dream Vacations. “While many organizations have shrunk in size, we continue to expand our team as the network continues to grow each year. In fact, 2021 was one of our best years in recruitment, which shows that people are ready to join the fun travel industry, and they want to be associated with a brand that speaks to all vacation experiences. With consumers recognizing the value of a travel advisor and the incredible pent-up demand for travel, now is the time to affiliate with a trusted travel agency franchise that helps advisors grow their business.”
Dream Vacations has always prided itself on the support it provides to its travel agency franchise owners, and during the past two years of the pandemic the franchisor has doubled down on its efforts. From investing millions in funding commercial loans and hosting industry-wide training events to creating new technology tools and marketing assets, Dream Vacations is committed to the success of its network and has proven to be a business opportunity that can withstand the test of time.
Over its 43 years in existence, the Franchise 500 has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. Dream Vacations’ position on the ranking is a testament to its strength as a franchise opportunity.