After we passed our 26 years’ of operation, we want to share our experiences to others in running a travel business through a franchise system. Our experience in the travel industry will lead new comers to reaching their expectation in the travel business.
We believe that the growth of the airline industry in Indonesia will automatically stimulate the travel industry to increase in business. The existence of the travel industry becomes a key factor for the airline business when, reaching buyers is brought up as the subject of being the goal to airlines’ operation. The travel business as the prime partner in selling of airlines products would grow even faster than the growth of the airlines’ business itself. Routes and seats in the airline is the opportunity for the travel industry. This opportunity becomes very significant when the number of airlines and routes are growing, following the positive response of the Indonesian Government’s air traffic regulation.
Our franchise fee in total is IDR 120 million for 5 years with no royalty fee. Franchisee will be responsible in controlling its own 2 years working capital in the amount approximately IDR 216 million. We launched our franchise product in September 2006, and we have reached 3 franchisees up to this day located in:
1. Balikpapan, East Kalimantan
2. Semarang, Central Java
3. Surabaya, East Java.
We expect to reach 10 franchisee offices in the year 2007, considering the positive response from the market. Other franchise product we offer today is Master Franchise of Iwata Tours & Travel, which will give exclusive area to franchisee in big region. Our master franchise region now open for 2 big region which are;
1. Sulawesi island, for IDR 770 million for 10 years contract no royalty fee
2. Sumatera island, for IDR 1.4 billion for 10 years contract no royalty fee