Where in the world franchise companies are headed
1. Turkey is the next stop on multi-concept restaurant franchisor, Villa Enterprises Management’s international expansion plan. South Philly Steaks & Fries opened its doors earlier this year at the Gordion Shopping Center in Ankara, Turkey, the third concept to open in the country under an exclusive development deal with Ibrahim Yidrim, Villa’s Turkish franchisee. The deal calls for four additional Villa concepts to open in 2013. Already doing business are Villa Italian Kitchen and South Philly in Istanbul.
2. Hotel rooms in Russia are the most expensive in the world, according to a recent survey by Hogg Robinson Group, a U.K. travel management company, as reported in the Los Angeles Times. The average room there costs $414 a night. Lago, Nigeria, is second with an average room rate of $361, followed by New York City at $350. Just one more piece of due diligence before sending staff on a fact-finding mission to Russia or Nigeria.
3. Half the world is coming to Minnesota in April, and the other half in June. The U.S. Commercial Service and the District Export Council Minnesota are sponsoring two trade conferences to help companies plan their future growth into key markets.
The Western Hemisphere will be on stage April 23-24, and European countries, June 4-5. Both conferences will be held at the Radisson Plaza Hotel in Minneapolis.
Attendees will be able to pre-schedule one-on-one meetings with senior Commercial Service diplomats covering markets in Canada, Mexico, Latin America and South America (April event). In addition business leaders from private industry and the government will give keynote addresses. The June event will feature 25 senior Commercial diplomats knowledgeable about Europe.
For more information on one or both events, contact firstname.lastname@example.org.
4. If you’d rather exhibit than be in the audience, the U.S. Commercial Service has one more deadline closing in. American franchisors are invited to be part of a catalog show at the USA Fair 2013, being held May 3-June 2 in Bangkok, Thailand. A catalog show, by the way, is where a franchisor’s sales material attend the show as part of the Embassy’s booth, rather than a live representative. For more information on what the offer entails, check out http://export.gov/Thailand/tradeevent/franchisecatshow/index.asp.
5. Prime Gourmet Private Limited has signed a development agreement with retro-hamburger chain Johnny Rockets to open at least 20 restaurants in India. Initial locations will be New Delhi, Noida and Gurgaon. Later units are slated for Mumbai, Bangalore, Chennai, Chandigarh, Jaipur, Pune, Hyderbad and Kolkata.
According to corporate, Prime is a new company founded by Sachina Goel, Vishal Chaudhry and Gaurav Sharma to run the Johnny Rockets franchise in India. The three partners have experience in the hospitality and finance industries in India.
The quick-service restaurant segment in India is expected to grow at a compound annual growth rate of 30 percent until 2015, which is three times that of the Indian foodservice sector as a whole, according to a report by Rabobank Food & Agribusiness Research, a financial institution based in the Netherlands. A young demographic is given as the reason behind the trend.
Johnny Rockets also has two restaurants opening in the new Mariscal Sucre International airport in Ecuador. Rafael Aguirre is the franchisee of both restaurants.
6. Carlson Rezidor Hotel Group is expanding into the Canadian market with its Radisson brand, including locations at the Calgary Airport. The 120-room hotel and convention center is on schedule to open on May 1 at the Calgary Airport East. A Park Inn opened last month in Markham, near downtown Toronto and offers the brand’s own restaurant concept, RBG Bar & Grill. The third hotel, a 228-room Park Inn, is expected to open at the Calgary Airport in the fourth quarter of 2014.
Send international development agreements to email@example.com.