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All these brands are supported by the Hilton's integrated worldwide customer deliver systems. Hilton was opened in the year 1919 and started franchising activities from the year 1967. As per 2010 data, the Hilton Hotels and Resorts has got 194 United States franchises and 44 Non United States franchises.
As early as 1943, it became the first coast-to-coast hotel in the United States. Hilton hotels are located in Beverly Hills and are considered to be the most luxurious hotels especially for lodging. They have been serving customers in all parts of America for nearly 80 years now and all the travelling packages offered by holiday managers and travel agents include Hilton as travelers' favorite hotel.
There is an array of world-class services available here. Franchise will be on a long term basis. The kind of presence that the Hilton Hotels and Resorts have across the world is amazing. 2,700 hotels in the five continents attest to its worldwide standards and international success.
Hilton Honors, the guest loyalty program is unique for its combination of rewarding customers for both their air-travel and stay.
The major news is that Hilton has been appearing consistently in the AllStar List for the past three years. One can see Hilton in 110th place in the AllStar 2009 list and the 115th place in 2010 list. With the augmented rankings, increased web visibility and uniformity of franchises, the financial strength of the company has been increasing year after year.
In 2010, Hilton rebranded its name to Hilton Hotels & Resorts by designing a new logo and launching a branded spa called Eforea.
Who can become a franchise owner for Hilton Hotels and Resorts? The answer would be those who are well versed in hospitality, marketing and of course who is an industrialist. Marketing experience in travelling or hospitality domain is mandatory. With all these above qualifications, required budget and right location, it is easy to get Hilton approval for operating a franchise.
The minimum financial requirements to get a franchise of Hilton® Hotels and Resorts are holding net-worth ranging from $53,300,000-$90,100,000. One also needs to pay $85,000 towards the franchise fees, the total estimated investment would go even higher. The term of agreement for franchise will expire after 10 years from the signing date. The franchise owner needs to pay 5 percent of net sales towards royalty fees.
The franchise owner needs to show the same net-worth as per initial agreement while renewing the contract after 10 years.
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Did you know that 80% of ALL franchise endeavors fail in the first two to five years leaving large debts looming for years thereafter?
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Thomas White is an internet coach and mentor, broker and past owner of multi-location franchises, dedicated to helping other achieve financial freedom leveraging the online market. To see his methods of creating an automated and thriving online business or how you can leverage the internet to send your existing business through the roof visit: [http://whatsbetterthanafranchise.com].
Article Source: http://EzineArticles.com/5937250
Posted in: Hotels and Resort
