Break into the Private Accommodations Industry with a Leader in Short-Term Rental Management
The private accommodations industry, known as short-term rentals, has experienced impressive growth in recent years. At the end of 2021, the global vacation rental industry was valued at $74.64B and is predicted to increase to $107B+ by 2028, with a Compound Annual Growth Rate (CAGR) of 32.04%. This growth has been driven by the rise of online booking platforms such as Airbnb, Booking.com, and Vrbo, which have made it possible for property owners to rent out their homes and for travelers to find and book accommodations online.
Since 2020, an increasing number of travelers have opted for private accommodations over hotels, a trend that the COVID-19 pandemic helped accelerate as travelers want personalized experiences and more privacy and space.
As the industry continues to grow, the demand for professional short-term rental management companies like iTrip® has increased, too. iTrip streamlines the rental process to give homeowners a hassle-free way to get more out of renting their properties. Our franchisees offer short-term rental owners a comprehensive suite of services, including marketing, booking, and full-service management of their properties. Our longtime reputation for service and proven track record has allowed us to establish over 100 franchise locations across the U.S., making us a leader in the vacation rental management industry. When you join the iTrip brand as a franchisee, you immediately benefit from our respected name and strategic business practices.
How to Become an iTrip Franchisee in the Private Accommodations Industry
Joining the iTrip franchise family involves a straightforward process that includes a number of informative steps. Once you invest in a franchise location, we provide you with all the necessary training and support you need to run your business. Below are a few of the steps to becoming a franchisee.
Submit an Inquiry Form
Fill out an inquiry form with some basic information about yourself. After you submit it, an iTrip vacation rental industry representative will contact you to discuss our franchise opportunity. You will have the chance to ask questions and share your goals and experience. If we both feel like this is a good fit, we will move to the next steps.
Get to Know More About Us
During the discovery process, you have access to informative videos that teach you how to find properties to manage, how to attract guests to those properties, and how to utilize our processes and support. Additionally, our videos answer some of our most frequently asked questions, so you learn more about the short-term property management industry.
Review Our Franchise Disclosure Document
After our initial consultation, if both parties agree that moving forward is the right decision, we will send you a copy of our Franchise Disclosure Document (FDD) containing important information about our franchise business model, including what support you receive, any operational fees you will pay, our corporate team, and other important information about our business.
Candidates have enough time to review the FDD and consult with third-party resources if needed to ensure you fully understand the terms of the franchise agreement. You are also welcome to reach out to us directly.
Speak to iTrip’s Brand Leaders
Before completing the process, you will also speak with the people who work behind the scenes, including Vickie Storm, Sr. VP of Franchise Development, and Steve Caron, GM and CEO, as well as current iTrip franchisees who share their personal experiences.
To find out why our company is a leader in the private accommodations industry and how you can open an iTrip franchise, reach out today!