Top 10 U.S. Lodging Franchise Systems for 2014
New York, NY (PRWEB) October 14, 2014 -- The United States Lodging Franchise Sector held strong over the last four years coming out of the recession. Results show that 69% of franchised lodging systems had positive growth in outlets between 2010 and 2013. The solid growth of certain lodging franchise systems are aided by increasing occupancy rates and RevPAR, as a gap emerges in the race to recover.
The study of 90 lodging franchise systems, which includes nine publicly traded franchises, clearly shows that the sector has seen franchised outlets increase by 3.1% since 2010. However, franchised outlet growth is almost offset by the decline in franchisor owned outlets.
The franchise lodging sector is dominated by large publicly traded chains like: Choice Hotels International, InterContinental Hotels Group, Red Lion Hotels Corporation, Marriott International, Hyatt Hotels Corporation, Wyndham Worldwide Corporation, La Quinta Holdings, and Starwood Hotels & Resorts Worldwide. These lodging companies are highly dependent on their franchised networks to support growth in locations and revenue.
The top 10 list of Lodging franchise systems is founded on the results of FranchiseGrade.com's Franchise Performance Index™ (FPI).
FPI is a multifaceted review of critical franchise investment factors which includes franchisee turnover rates, system outlet growth, length of agreements, territory rights, number of lawsuits and financial performance representations. These and other factors are used to assess and grade the overall performance of a franchise investment.
Jeff Lefler, founder and CEO of FranchiseGrade.com states, "Our FPI ranking and grading scale provides an in-depth analysis of franchise systems. We use FPI to help prospective franchisees find great franchise investment options, which in turn supports the growth of healthy, successful franchise brands. We take pride in knowing our research data and reports are valuable resources for every industry investor."
The top 10 Lodging franchise systems are:
1. TownePlace Suites
2. Springhill Suites
3. Fairfield Inn
4. La Quinta Inn & Suites
5. Residence Inn
6. Westin
7. Hyatt Place
8. Hyatt House
9. Studio 6
10. Sheraton
Mr. Lefler continued, “Prospective franchisees should always conduct their own due diligence to ensure a particular investment is right for them. Our Franchise Performance Index™ is an excellent starting point in their research to find those higher quality franchise investments.”
FranchiseGrade.com offers their FPI grading assessment on thousands of franchise systems within the U.S. and provides detailed reports on multiple franchise sectors. Their Report Page offers a suite of research and reporting tools.
About FranchiseGrade.com
FranchiseGrade.com is the leader in competitive market research and objective analysis for the franchise industry. Their franchise assessment, grading and standardized reporting tools provide industry stakeholders with critical data driven metrics to support the growth of successful franchise systems. FranchiseGrade.com works to raise the bar for market research in the franchise industry to build a stronger franchise community.
Media Relations, FranchiseGrade.com, http://www.franchisegrade.com, +1 800-975-6101 Ext: 205, [email protected]
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