Do you need a sample travel agency business plan template or feasibility study? Do you want to know what it takes to start a travel and tour company? If YES, then i advice you read on.
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.
You can offer them complimentary breakfast, swimming pool, Jacuzzi, gymnasium, massage services, valet parking, and internet services.business plan, besides being a prerequisite for gaining access to finance, also provides the Although this book provides a step-by-step guide to business planning, it can also be dipped into by those wanting to apply the techniques to address a specific business.
Running a business involves legal documents. Find what you need regarding the right documents for your business entity, buying or selling a business, engaging in joint venture, managing stocks and more. Bed and Breakfast Business Plan. Coach House Bed and Breakfast. Executive Summary.
Introduction 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. business plan for inclusion in Anatomy of a Business Plan and AUTOMATE YOUR BUSINESS PLAN.
We hope that Dayne Landscaping, Inc.’s plan will be of benefit to you. We thank Robin for being so generous and for allowing us to share her interpretation of business planning with our readers. An operational plan for a hotel is the tool that is used in order to manage the business, and organize and complete the tasks and activities of the business.
An operation plan is an essential tool for managing and keeping things organized. This sample marketing plan was created with Marketing Plan Pro software. Executive Summary The Riverview Hotel, Notown USA, is representative of the five star brand within the 'Exclusive Business Hotels of the World' group.