Entrepreneur has released its 32nd annual Franchise 500(TM) list. Based on objective and quantifiable factors such as financial strength and stability, the magazine ranked the top 500 franchises in the nation. Although the economy will inch slowly and sporadically forward in 2011, Entrepreneur predicts that franchisor support will allow some chains to thrive.
Free Upgrades, Extra Amenities Popular among Consumers
Hampton Hotels won top billing, noted among mid-priced hotels for quality accommodations for frugal travelers. Its offerings include free upgrades and high-speed Internet — amenities meant to make travelers feel they are receiving a luxury hotel experience.Rounding out the top five ranked franchises were ampm, McDonald’s, 7-Eleven, Inc. and Supercuts (an indication that consumers favor value over anything else according to PR Newswire).
Also, businesses previously considered expensive and “luxury” (such as upscale restaurants, hotels and spas) have fared well by boosting good deals. More.