Canadians Are Excited to Travel Again!
Due to the COVID-19 pandemic, quarantine constraints, and social distancing restrictions, Canadians were forced to stay indoors for almost two years. Unfortunately, the travel industry took a big hit during this period of isolation; however, there has been a sharp growth in sales within the last several months as pandemic restrictions are eased throughout Canada.
Travel Industry Storms Back Post-Pandemic
Since the beginning of 2022, more Canadians have become comfortable with the idea of traveling abroad. According to Statistics Canada, the number of Canadian travelers tripled in January 2022, compared to January 2021. However, when compared to the average number of travelers in January of 2020, the 2022 travelers were only a third of Jan 2020 travelers. This means that the travel industry is on a continual upwards trend.
Investing in a franchise within this industry will provide you with valuable financial growth – in part, due to the number of vaccinated Canadians and lifted restrictions.
The Successful Franchising Model
As a franchisee of the travel industry, you’ll have first-hand insight into industry trends and will be able to follow the financial growth of your business. Owning a franchise will make your life a little easier when you consider the amount of time and money it takes to start your own business from the ground up. Consequently, in an industry like travel, it is necessary to have a well-rounded network of connections to be successful in this business. This is where the franchisor steps in and supports your business. With their well-established systems and processes, the franchisor will prove to be a trusted partner during your time as a business owner.
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