Hospitality industry news, articles, publications, trends, tips, ideas, strategies and best practices … How to Write a Persuasive Hotel Business Plan OK, so you have decided to realize your dream and open your own hotel. You have thought out an amazing concept delivering unparalleled guest service. The next step would be to write a hotel business plan. However this is where most entrepreneurs get stuck.
Do you need a sample hotel business plan template or feasibility study? Do you want to do business in the tourism and hospitality business? Then I advice you read on!
If you are planning on starting your own hotel business, then you should know that though hotel business is a profitable venture with a lot of opportunity for expansion, it involves a lot of technicalities and is not so easy to start.
The procedure for starting a hotel business is quite technical and involves a lot of planning and strategizing. So in this article, I will be highlighting everything you need to know about starting a hotel business.
Why You Should Start a Hotel Business Today If you have an opportunity to visit Owerri a city in Imo state during the weekend Fridays, Saturdays and Sundaysyou will be shocked to discover that despite the huge number of hotels dotting the city, there is no accommodation space in any of the hotels.
And surprisingly enough, Owerri is not even among the top ten cities in Nigeria Lagos, Kano, Port Harcourt, Ibadan, Ogun, Enugu, Abuja should be in the lead ; with respect to population and level of industrialization.
What this goes to show is that hotel and hospitality business is a profitable business anytime any day, as long as you are sited in a good location. Now regardless of your country of residence, you can start a hotel; whether on a large or small scale. So if you reside in Nigeria, United states, Canada, Ghana, etc; you will find this article useful.
Decide on the type of hotel facility you want to open First, you have to decide on the type of hotel you want to open. Hotels are categorized according to a number of factors. Some of these factors include: The size of the hotel Where the hotel is located Type of services offered and the number of rooms available.
Some popular types of hotel include: Bed and Breakfast hotels: Bed and breakfast hotels usually have about rooms. These hotels are cheaper and offer limited services. Bed and breakfast hotels are usually run by the owners of the facility who also serves breakfast to the guests.
Budget hotels offer cheap accommodation to guests with limited services. Resort hotels usually have recreational facilities like a golf course, a beach or an island where guests can enjoy these facilities while they visit.
Airport hotels provide accommodation for travelling passengers to pass the night. They are usually located close to the airport. Suite hotels are increasingly becoming popular in the hotel industry. Suite hotels provide guestrooms that also have an attached living room and sometimes, a kitchenette where guests can cook their meals.
Business hotels are usually built with the business traveler in mind. They offer complimentary newspapers, internet access, business centers and fax machine services to guests. Create an innovative concept The hospitality industry is very competitive with various hotels springing up yearly.
It is not enough to just start a hotel. You should create exceptional services to pamper your clients.Bed and Breakfast Hotel Business Plan The long-term goal of Coach House Bed and Breakfast (Coach House) is to become the best choice on Tybee Island, Georgia for temporary lodging by creating a differentiated experience capitalizing on personal service, the historical nature of the Coach House building, and its unique location in one of the most attractive parts of the Old South.
Business Plan Hotel Somnium *** S. Gallardo, M. Tanner, 21/05/ Page 2 of 59 D. Schiesser, O. Ivisic Management Summary This paper aims to investigate the feasibility, construction costs, and risks of a.
Whether your business is a rustic retreat or a high-end bed and breakfast, these sample business plans for hotels, inns, resorts, and other lodging businesses will help you write a business plan that will guide you to business success.
Resort Hotel Ski Lodge Business Plan Executive summary (excerpt only) The Silver Bear Lodge is located three blocks from Crest Lake Village, mid-mountain at Bear Valley Resort and on the free shuttle system. Located in the recently expanded Crest Canyon area, Silver Bear Lodge will offer customers 12 two-bedroom units with underground parking.
We have put together a guideline / template with 10 critical points you must include in your hotel business plan; 1. Executive Summary This exists of two parts: Mission Statement: Intro: a 1 line company description only the essence of your hotel (not 2 lines or a paragraph)/5().
Writing your business plan doesn't have to be a chore. Just check out these sample business plans for hotels and motels to get some ideas and inspiration. These, and hundreds more sample business plans, are included in LivePlan.