Franchising: Travel industry offers entrepreneurial opportunities.For entrepreneurs and companies well-established in their local markets, franchising in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. presents significant market opportunities. With a growing population base, a stronger business community and continued privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned of national markets, Latin America is becoming one the fastest-growing regions for many franchise organizations. Today, a wide variety of franchise opportunities are available for individual investors or companies seeking to grow their revenues and profitability in a related line of business. Among the possibilities: * Restaurants, fast-food outlets, breweries and other food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. operations. * Business-oriented companies, ranging from sign manufacturers and copying firms to janitorial supply companies. * Personal services personal services n. in contract law, the talents of a person which are unusual, special or unique and cannot be performed exactly the same by another. These can include the talents of an artist, an actor, a writer, or professional services. , such as hair salons, maid services and pool cleaning firms. However, one of the most promising opportunities for franchise investment lies in Latin America's bustling travel, tourism and hospitality industry. From travel agencies and car rental firms to service stations and convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. , franchise organizations are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. entrepreneurs who want to take part in the dynamic Latin American and Caribbean travel industry. With both leisure and business travel on the upswing again in most parts of the region, many franchisers are seeking to increase their market share and provide a broader range of locations for their clientele. Among the criteria for success in the travel industry, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. major franchise organizations, are adequate financial resources, a strong desire to succeed, ability to follow a franchiser's game plan and a commitment to providing the customer with the highest possible level of service. Take Thrifty Car Rental, for example. Thrifty Car Rental has one thing on its mind as it enters the new millennium - "Customer Service." As a major force internationally, with more than 1,200 locations in 62 countries around the globe, Thrifty hasn't gotten where it is today by resting on its laurels. "Our international network of franchisee owners is 100 percent committed to providing the utmost in customer service to its customers," says Mike Net, director of operations and development for Thrifty in Central America, Mexico and Latin America (CMLA CMLA Colorado Mortgage Lenders Association CMLA Content Management License Administrator CMLA Canadian Maritime Law Association CMLA Chief Martial Law Administrator CMLA Cable Monitoring and Life Assessment ). "We are looking for entrepreneurs with this same philosophy who are interested in development opportunities," says Net, "particularly in South American countries like Bolivia, Brazil, Chile, Ecuador, Paraguay, Peru and Uruguay." Today, Thrifty has 89 locations in the region, including 33 in Mexico, with the balance in these countries: Anguilla, Antigua, Argentina, Aruba, the Bahamas, Belize, the Cayman Islands, Costa Rica, the Dominican Republic, El Salvador, Honduras, Jamaica, Mexico, Nicaragua, Panama, Puerto Rico, St. Barthelemy, St. Croix, St. Kitts/Nevis, St. Maarten/St. Martin, Tobago and Trinidad, and Venezuela. "As you can see, we have a significant presence already," says Net. "But we are aggressively focused on completing our network in South America to further build on the synergies in the region." Dedicated to serving the needs of its "team owners," Thrifty is the largest franchise rental company in the world, with nearly 95% of its locations franchise-owned. Thrifty is a value-oriented car rental company that has a significant presence in both the airport and local car rental markets. The company participates in a variety of frequency-based international marketing programs with airlines and hotel chains, including Aeromexico, American Airlines, Continental Airlines, Delta Air Liens, Hilton Corporation, Trans World Airlines Trans World Airlines, commonly known as TWA, was a major American airline company that was acquired by American Airlines in April 2001. For many years it was headquartered at the Kansas City Downtown Airport, as well as midtown Manhattan in New York City. , United Airlines and LatinPass. Thrifty offers its licensees a worldwide reservation network, worldwide advertising, operational support and training. Thrifty's parent company is Dollar Thrifty Automotive Group Inc. and trades on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. as "DTG DTG Date-Time Group DTG Digital Television Group (UK trade association) DTG Distance To Go DTG Days To Go DTG Digital Transmission Group DTG Direct Trunk Group DTG Digital Trunk Group DTG Dance Theatre of the Gospel ." |
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