Turning Passion for Travel into a Thriving Business with an iTrip Property Management Franchise
If you love the travel industry and enjoy providing five-star service to others, an iTrip® short-term rental property management franchise helps you transform your interests into a new level, turning it into a rewarding business. As part of the iTrip network, franchisees tap into the benefits of a property management company that has carved a niche in the industry. Let’s delve into some current trends and the driving forces behind our sector.
People Are Traveling for New Reasons
The aftermath of the COVID-19 pandemic saw international travel come to a near standstill due to lockdowns, stringent restrictions, and health concerns.
However, the tides are turning. A renewed zest for travel has emerged, with individuals journeying for varied reasons, including work and reconnecting with family.
With many potential travelers saving money specifically for traveling — a phenomenon known as “revenge travel” has taken hold. The reopening of businesses has also seen a surge in in-person events, providing a boost to local economies.
On top of that, many employees are combining business with pleasure, choosing to work from “home” in locations other than their own living rooms. Today’s travel industry recognizes this new type of traveler and their quest for “bleisure” time, with statistics pointing to nearly 5 million digital nomads in America. When traveling for work, more than 50% of Americans said they’d extend their trip to enjoy some personal time at whatever destination they visited.
All of this fuels the travel industry in a way that has allowed it to grow, and the numbers below highlight these trends.
- A projected revenue of $855B for the travel and tourism market by 2023.
- An anticipated annual growth rate of 4.42% from 2023 to 2027.
- An expected market volume of $1,016B by 2027.
- A forecasted 74% of revenue through online sales by 2027.
Benefits of Investing in Our Property Management Company
Choosing an iTrip franchise opportunity equips you with a proven business model, eliminating the uncertainties of entrepreneurship. Here are some benefits of our property management company:
Achieving Work/Life Balance: Many iTrip franchisees find that once they establish their property management franchise, they’re able to strike a better work/life balance, one that allows them more time with family and friends. While active involvement in daily operations is crucial, the autonomy of being one’s own boss offers flexibility and more quality time with loved ones.
Continuous Support: From expert in-house training to ongoing research and development and networking opportunities, your iTrip partnership includes comprehensive support for the life of your franchise. With us by your side, you’ll be in business for yourself, never by yourself.
Capitalizing on Established Industry Relationships: We are a highly recognized and respected brand in part because of the important industry relationships we establish and nurture, with online booking platforms like Airbnb, Booking.com, and Vrbo, among others. Coupled with cutting-edge property management technology, franchisees can operate their business seamlessly from any mobile device, showcasing the unique advantages of partnering with iTrip.
For those eager to lead in the short-term rental property management domain, iTrip stands as a beacon of opportunity. If you’re poised to embrace the life you’ve envisioned, reach out to us today!