Hospitality Products / Services
Comfort and Convenience All in One Place
Nothing compares to the amazing feeling of walking into a hotel suite, locating the bed, and resting on its soft, fluffy white sheets.
An enjoyable stay at a hotel would not be possible without the solid delivery of hospitality products or services and when backed by the franchise business model, these businesses are set up for success. The greatest appeal of this industry is the convenience and service that is afforded to the customers. The luxury of not having to do your own laundry, make your own bed, or even shop for toiletries is a great advantage when staying at an accommodating hotel. Hospitality products/services franchises are not typically what someone may think of when they want to own a franchise, but once you consider how many guests hotels serve daily, you will find that it can be a very lucrative industry.
Hospitable Market Growth
Climbing on an upwards trend, the Canadian hospitality products/services industry has risen by 6.7% sitting at $2.7 billion in 2022 according to reports by IBIS World. This industry has a lot of potential within the market as more Canadians begin to travel as COVID-19 pandemic restrictions loosen and seek accommodations in different cities. Since 2020, the market for this industry has shown staggering growth year-over-year – making it one of the strongest contenders in the franchising industry.
Trusting the Franchise Model: A Calculated Risk
If you are an entrepreneur looking for a reliable and sustainable business opportunity, investing in a franchise is a great avenue to meet your goals of business ownership. With the franchise business model, comes less risk in comparison to an independent business. Franchisees are offered ongoing support and guidance from the franchisor during the ownership term. The franchising system will also provide franchisees access to their brand, operational standards, and processes, ensuring a smooth transition for the store owner, and growth of the business.
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