Company Considers Adopting Franchise Operating System in 2009
YTB International, Inc. a provider of Internet-based travel booking services for travel agencies and home-based independent representatives in the United States, Bermuda, the Bahamas, and Canada, today announced that the Company is contemplating the replacement of its referring travel agent ('RTA') business model with the implementation of a franchise operating system, potentially in 2009. The Company expects that a franchising model, if adopted, would facilitate the Company's expansion into additional markets by providing more comprehensive training and a new proprietary e-commerce platform.
Details regarding price, product offerings and the conversion plan are all under consideration, but the Company anticipates that its existing RTA base would be treated favorably under its forthcoming proposal. Scott Tomer, Chief Executive Officer of YTB International, Inc. commented, 'We have retained iFranchise of Chicago to consult in the planning and development of the franchise model and are excited about the potential impact on YTB's business.' If a franchising model is adopted, its distribution is expected to be managed by the current marketing arm of the Company, YourTravelBiz.com, also known as YTB.com
The iFranchise Group brings decades of experience to franchise development and implementation efforts. Their consultants have worked with over 30 Fortune 2000 companies and with 98 of the world's top 200 franchisors as rated by Franchise Times magazine. iFranchise has worked with clients such as Blockbuster Video, Ace Hardware, and McDonald's.
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From: mytripcost, 2 weeks ago
Make Money Watching Your Friends and Family Travel the World Over the past decade, the Internet has quickly become most people’s travel agent. And now you can make money every time someone books a hotel room, takes a cruise, rents a car, or purchases an airline ticket! Join our winning team today and get ready to profit from what many believe will be biggest business boom over the next 20 years.
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From: mytripcost, 2 weeks ago
Make Money Watching Your Friends and Family Travel the World Over the past decade, the Internet has quickly become most people’s travel agent. And now you can make money every time someone books a hotel room, takes a cruise, rents a car, or purchases an airline ticket! Join our winning team today and get ready to profit from what many believe will be biggest business boom over the next 20 years.
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Tuesday, July 15, 2008
YTB International Contemplates Implementation of Franchises
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