Search Travel Market Report

riviera
Riviera
mainlogo
  • News
  • Tours & Packages
  • Cruise
  • Hotels & Resorts
  • Destinations
  • Retail Strategies
  • Niche & Luxury
  • Well-Being Travel
  • Training
  • Who We Are
    • Anne Marie Moebes
    • Barbara Peterson
    • Brian Israel
    • Daine Taylor
    • Dan McCarthy
    • Denise Caiazzo
    • Jessica Montevago
    • Marilee Crocker
    • Mary Gostelow
    • Paul M. Ruden
    • Steve Gillick
riviera

World Travel Holdings Offering Up to $1 Million in Loans to Dream Vacations and CruiseOne Owners

by Jessica Montevago

Home-based travel agency franchise Dream Vacations/CruiseOne is getting financial help from its parent company World Travel Holdings, of up to $1 Million in commercial loans to its franchise owners as part of its “We’re There to Help” Stimulus Plan.

The “We’re There to Help” Stimulus Plan provides franchisees with additional resources and financial assistance to navigate through 2021 and the COVID-19 pandemic. In addition to the loan, Dream Vacations/CruiseOne franchisees can receive assistance from the bank in securing a PPP loan. 

There’s also a special section on its Business Center intranet that consolidates financial assistance information from World Travel Holdings, government, franchising, trade and business organizations in one easy-to-find location.

“For our franchise owners, travel is more than a passion, it is their livelihood and the pandemic has had serious implications on their businesses,” said Drew Daly, senior vice president and general manager of Dream Vacations/CruiseOne.

“As a franchisor, we take pride in providing our franchise owners the resources they need to succeed. However, in times like these, it is crucial to go beyond providing a ‘business-in-a-box.’ The success of our franchisees is our only business and this Stimulus Plan supports the foundation of our business model — to support small business owners.”

Loan applicants will have to explain how they plan to use their funds and submit a business plan to be considered.  

“We are seeing the biggest pent-up demand for travel in history and extremely strong bookings for the end of 2021 and into 2022, and after more than a year of minimal travel and sales, we want to help ensure our franchisees can sustain their business for when this travel boom arrives,” said Brad Tolkin, co-CEO/chairman of World Travel Holdings.

“In spite of World Travel Holdings not qualifying for PPP funds due to our size, it was very important to us to find a way to provide additional assistance for the small business owners within our franchise system. We know the future of leisure travel is bright and we want to do our part and assist our travel agency franchise owners to be ready to meet this demand.”

In addition to the “We’re There to Help” Stimulus Plan, the home-based travel franchise has provided enhanced support to its existing franchisees by offering the option to defer monthly fees for up to six months; hosting Town Halls and webinars with industry executives; and presenting virtual training and conferences.

  2
  0
Riviera

MOST VIEWED

Brought To You By
  1. CDC: Fully Vaccinated People Can Skip Mandatory Quarantines After Being Exposed
  2. Transport Canada Extends Cruise Ship Ban to February 2022
  3. Everything You Need to Know About Getting a Passport in 2021
  4. France Closes St. Barts, French Polynesia to Tourism
  5. Marriott CEO Arne Sorenson Passes Away
  6. Five Things Advisors Can Do Now to Prepare for the Travel Rebound

MOST EMAILED

Brought To You By
  1. Transport Canada Extends Cruise Ship Ban to February 2022
  2. Everything You Need to Know About Getting a Passport in 2021
  3. Hawaii Partners With Clear to Allow Travelers with Negative COVID-19 Tests to Skip Quarantine
  4. Globus to Require COVID-19 Vaccine, Negative Test Result or Virus Immunity for All Tours
  5. CLIA Says It Is ‘Surprised’ by Canada Cruise Ship Ban Extension
  6. Cruise Lines Hope to Hold on to Alaska Season After Canada’s Ban
Tip of the Day

I think being in contact with [my clients] gave them more confidence in me and the suggestions I offer.

Linda Kinsey, Custom Travel & Cruise

 Share...
Daily Top List
Brought To You By

5 Things Every Travel Agency Should Do To Boost Business

1. Specialize
2. Give a personal touch
3. Find your niche and sell an experience
4. Maintain a high standard of quality
5. Become a salesman…but inspire trust

Source: Azavista.com

 Share...
Previous Daily Top List
Riviera
TMR Recommendations
Daniel Zim
Zim Travel Law, PLLC. Demystifying Complexity with Down to Earth Advice. Attorney Advertising.
hbar
Rodney Gould
Rodney E. Gould concentrates in travel and tour-operator litigation and regularly counsels travel-related entities worldwide.
hbar
Tom Carpenter
Carpenter Law Office - Representing clients in the travel and tourism industries. Attorney Advertising.
hbar
Top Stories
How to Become a Travel Agent in 2021
How to Become a Travel Agent in 2021

Travelers are more likely to book through a travel agent now than before the COVID-19 crisis. 

Read...
6 Ways Advisors Are Re-Tooling for Post-Pandemic Success
6 Ways Advisors Are Re-Tooling for Post-Pandemic Success

The pandemic has caused travel advisors to be smarter and more creative, reassess their priorities, and rethink how they do business. “We’ve all learned so much,” said one.

Read...
Video: Why Adobe Spark Post is a Great App for Travel Advisors
Video: Why Adobe Spark Post is a Great App for Travel Advisors

'What I love about this app is that you can create, literally 30 images, in ten minutes.' 

Read...
Everything You Need to Know About Getting a Passport in 2021
Everything You Need to Know About Getting a Passport in 2021

A friendly reminder that now is probably a good time to check your passport’s expiration date.

Read...
COVID-19 Vaccine Rollout Spurs Uptick in Travel Inquiries, Bookings
COVID-19 Vaccine Rollout Spurs Uptick in Travel Inquiries, Bookings

'People are starting to feel more confident and a lot more comfortable now that the vaccines are rolling out.'

Read...
Video: How Can You Improve Reviews on Google, Yelp, and Other Websites?
Video: How Can You Improve Reviews on Google, Yelp, and Other Websites?

How can advisors leverage their loyal customers to grow their client base?

Read...
News Briefs
  • World Travel Holdings Offering Up to $1 Million in Loans to Dream Vacations and CruiseOne Owners
  • Consumers Deterred by COVID-19 Are Banking on Traveling in Early 2021
  • ASTA Asks Advisors to Fill Out Survey on COVID Impact
  • Travel Edge Completes Two-Day Virtual Event
  • World Travel and Tourism Council to Host COVID-19 Summit
  • Travelport Launches COVID-19 Response Microsite
TMR Outlooks
Expedition 2020
Wellness Outlook
Distribution Outlook
View All
Advertiser's Voice
https://img.youtube.com/vi/fA8gPbhNMKQ/0.jpg
TMR TV: Apple Leisure Group Vacations Executive Roundtable Discussion from Cancun
About Travel Market Report Mission Editorial Staff Advisory Board Advertise
TMR Resources Webinars Calendar of Events
Subscribe to TMR
Select Language
Do You Have an Idea Email
editor@travelmarketreport.com
Give Us a Call
1-(516) 730-3097
Drop Us a Note
Travel Market Report
243 South Street, OysterBay, NY, 11771
News|Leisure Travel|Land Vacations|Cruise|Canada Retail Strategies|Well-Being|Luxury|Training
© 2005 - 2021 Travel Market Report, an American Marketing Group Inc. Company All Rights Reserved | 243 South Street, Oyster Bay, NY, 11771 USA | Telephone (516) 730-3097| Terms and Conditions
Cookie Policy Privacy Policy