Cruise
Planners – American Express Travel,
the nation’s largest home-based travel agent franchise network in
the cruise industry has, once again, ranked high
in Entrepreneur magazine’s
Annual Franchise 500 issue. Jumping an impressive ten spots since
2012, from No. 44 to No. 34, Cruise Planners – American Express
Travel is now in the top 6.8 percentile of
franchises in the country, according to the magazine. Moreover,
in Entrepreneur’s “Travel
Industry” category, Cruise Planners – American Express Travel
ranked No. 1 for the tenth consecutive year, an outstanding testament
to the company’s innovative style and longevity within the
industry.
Meanwhile,
the company was just named one of the Top 25 franchises for
African-Americans by Black Enterprise magazine. This
distinction recognizes the opportunities for the African-American
community in the lucrative cruise travel industry and validates
Cruise Planners – American Express Travel for its expansion in
diverse markets all across America.
Both
magazines conduct comprehensive investigations into franchises
throughout the US, asking franchisors to participate in the
ranking survey and
spending several months calling, e-mailing, researching and analyzing
hundreds of franchise companies in order to determine the rankings.
Now in its 34th year of ranking
franchises, Entrepreneur magazine is known as one of
the most reliable sources for future franchisees to
learn about potential business
opportunities. Accordingly, Black
Enterprise magazine has been ranking franchises for more
than a decade and has become a leading source of information for
entrepreneurs within the African-American community.
Entrepreneur magazine
judges all the companies by the same criteria with financial strength
and stability, growth rate and the size of the franchise as the most
important factors. The magazine also researches the number of
years the company has been in business and working as a franchise as
well as startup costs, litigation and if the company provides
financing. Black Enterprise magazine’s process
includes analyzing minority participation as well as
judging franchisee satisfaction,
growth of industry, cost of entry and success rate.
Source:
American Express – Cruise Planners
