There are two types of people: those who love staying in hotels and those who hate it. I must say that I lean more towards the latter, and often find myself choosing Airbnb over hotel stays when traveling for leisure. However, if the hotel is able to market themselves right, offer a reasonable price, and treat me like a queen, then this decision could easily shift. The challenge of being in the hotel marketing industry is the overwhelming amount of competition.
Hotel Business Plan
How to Run a Small Hotel or Guesthouse (with Pictures) - wikiHow
According to Statista, the tourism industry grows steadily each year. Inbound tourism growth by area; as per Statista. It goes without saying that someone who starts a hotel, has to have the mindset of an entrepreneur, but to be successful, hotel owners require something extra: a desire to serve. This is because the hospitality industry is known as the industry who most understands customer service, and for your hotel to thrive, you need to be someone who relishes serving others naturally.
Paradise Island Resort_ A Completed Business Plan
But before you begin spending your financial resources and designing your hotel blueprint, you need to have a hotel business plan. It will guide you every step of the way and serve as your road map to the opening. Is a hotel a good investment? Who creates the hotel business plan? Do I pay for my hotel stay before or after I check-in?
Last Updated: December 3, References Approved. To create this article, 38 people, some anonymous, worked to edit and improve it over time. There are 25 references cited in this article, which can be found at the bottom of the page. This article has been viewed , times. Learn more