Wednesday, January 17, 2024
Dream Vacations tops Entrepreneur Franchise 500® in travel, ranking #54 overall for growth, stability, and brand power in the franchising industry.
Dream Vacations has been honored as a top-tier franchise by securing a spot in the esteemed Franchise 500® by Entrepreneur, a pioneering and exhaustive franchise ranking in the world. This annual accolade, established 45 years ago, is a coveted recognition in the franchising sector and serves as a key reference for prospective franchise owners. In the 2024 edition, Dream Vacations clinched the number one position in the travel category and ranked 54th overall among all industries, reflecting its impressive growth, financial robustness, and brand influence.
Achieving the title of the premier travel agency franchise in the Franchise 500 for three successive years is a remarkable feat, a testament to the commitment of the staff at Dream Vacations headquarters and the exceptional franchise network that continually strengthens the brand’s prominence. Jason Feifer, the editor-in-chief of Entrepreneur magazine, remarked, “Every franchise in the Franchise 500 has a unique narrative, yet they all share a common message: The franchising sector is dynamic, resilient, brimming with innovative prospects, and offers a substantial entrepreneurial avenue for many.” He added, “Our 45th Franchise 500 showcases enterprises with groundbreaking ideas, influential business models, cultural impact, and advanced business acumen that will shape the next decades.”
Entrepreneur persistently refines its evaluation methodology to accurately reflect the evolving landscape of the franchise market. The editorial team examines various criteria, such as costs, growth, support, brand and financial strength. Franchises are scored based on over 150 data points, and the top 500 with the highest scores are ranked in the Franchise 500.
Drew Daly, senior vice president and general manager of Dream Vacations, expressed, “Securing the top spot as a travel agency franchise in the Franchise 500 for three years in a row is an incredible achievement, made possible by the unwavering efforts of our Dream Vacations headquarters team and our remarkable franchise network.” He continued, “With the growing demand for travel, entrepreneurs are increasingly interested in starting travel agencies. They seek affiliation with a brand that provides unparalleled support, cutting-edge technology, comprehensive marketing programs, and continuous training. Now is an opportune moment to enter the travel industry.”
For over four decades, the Franchise 500 has been a pivotal benchmark for franchisors and a vital tool for potential franchisees. Dream Vacations’ ranking underscores its stature as a formidable franchise opportunity.