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- 2023 Franchise 500 Rank
N/R Ranked #452 last year
- Initial investment
$167K - $292K
- Units as of 2022
246 5% over 3 years
Whether it’s the exotic beaches in the Bahamas or the majestic mountains of Alaska, everyone has a dream vacation. Expedia Cruises is a travel agency that strives to make it possible for customers to identify the best deals when vacationing.
Founded in 1987, Expedia Cruises made a splash in the air, land, and cruise vacation market by offering innovative solutions. In less than four decades, the company’s sales grew, and in 2013, it acquired CruiseShipCenters International. After rebranding in 2020, Expedia Cruises began to focus on providing spectacular air, land, and sea vacations.
For clientele, Expedia Cruises may offer the best choices in pricing, with suggestions of the best vacation spots.
There are more than 225 Expedia Cruises locations throughout the United States and Canada.
Why You May Want to Start an Expedia Cruises Franchise
Traveling for leisure or business may seem glamorous, but planning a perfect trip is a lot of work for those working in the field. An ideal candidate for an Expedia Cruises franchisee is someone who understands that while vacations are thrilling, they also have risks and opportunities.
If you plan to start an Expedia Cruises franchise, understand that chaperoning travelers and cruise enthusiasts requires passion and dedication. With the company offering diverse options, you are expected to be dynamic and sensitive to customer needs at all times.
As a trusted brand, Expedia Cruises has been ranked in Entrepreneur’s Franchise 500 multiple times in the past decade. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
What Might Make an Expedia Cruises Franchise a Good Choice?
Expedia Cruises may be unique because of its wide variety of offers for customers who want to travel as hassle-free as possible. As experts, Expedia Cruises’ vacation consultants are expected to work with customers in an effort to create the perfect getaway experience. The best part about starting an Expedia Cruises franchise may be that people love traveling, and when they do, they tend to choose a reliable brand.
To be part of the Expedia Cruises team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.
How To Open an Expedia Cruises Franchise
Setting up an Expedia Cruises franchise starts by contacting the company and entering into a legal agreement. A typical franchise runs for five years, which is renewable if you meet the Expedia Cruises requirements. Franchisees are always expected to adhere to the Expedia Cruises franchise requirements that have been developed with efficiency in mind.
An advantage of the Expedia Cruises team may be that franchisees can secure exclusive territories. If you have favorite cruise destinations, you can cater to travelers heading that route, offering the best experience possible.
Opening an Expedia Cruises franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.
About Expedia Cruises
- Related Categories
- Travel Agencies
- Parent Company
- Expedia Group
- Matthew Eichhorst, President
- Corporate Address
1066 W. Hastings St., #900
Vancouver, BC V6E 3X1
- Franchising Since
- 1987 (36 years)
- # of employees at HQ
- Where seeking
This company is offering new franchisees in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maine, Michigan, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming
This company is offering new franchisees in the following international regions: Canada
- # of Units
- 246 (as of 2022)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Expedia Cruises franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $167,250 - $292,245
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Veteran Incentives
- 15% off franchise fee
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
- Term of Agreement
- 5 years
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
- Is franchise term renewable?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Expedia Cruises has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 69.5 hours
- Classroom Training
- 33.5 hours
- Ongoing Support
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
- Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Interested in ownership opportunities like Expedia Cruises? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Expedia Cruises landed on this year’s Franchise 500 Ranking versus previous years.
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