Leasing of a standard facility that can accommodate your guests and staff members and of course the purchase of daily supplies toiletries and food ingredients et al are part of what will consume a large chunk of your startup capital, in essence, if you choose to start the business on a small scaleyou will still have the need to go source for fund to finance the business.
Okay, so we have considered all the requirements for starting a hotel business. What is the Essence of the Hospitality Industry?
All over the world, the hospitality business is being seen as a very serious trade and the reason for this cannot be farfetched. The reason the hospitality business — especially hotel business is being taken seriously is because of its relationship with the tourism industry.
Either locally or internationally, one of the ways to make people who arrive at unknown places at ease and making them feel comfortable is by having a very relaxed hotel in place for them to lodge in.
This is one of the reasons why the hotel business continues to witness a boom. Why Start a Hotel Business? Starting a hotel business could eventually be one of the best things to attain for yourself.
This is because of the lucrative nature and the prosperity involved in this industry. Every day foreigners, as well as local migrants and business people travel from one point or the other and the option they are faced with is staying in hotels.
It is pertinent to note that there are different categories of hotels, like the 5 star, 4 star or even the 3 star hotels.
One of the essential things that is unique to each category of hotel, are the facilities that make up each. Writing a Business Plan Whatever type of hotel category you may have is in view, there is always the most important step to take in making your business stand out, as well as succeed in the long run.
What can this be? Well, that is the hurdle of writing a business plan. One of the reasons why writing a business plan might be one of the best things to do is this.
It helps you stay focused whilst trying to build your business to the height you want it to be. The various segments and technicality involved, also requires that a deep and thorough calculative approach is used to arrive at the best of projections for your business.
Writing a business might not pose too great a threat as you might think. This is because it entails using a sample hotel business plan to write yours. You too have the wherewithal to do so, as a well put together business plan is available to you below.
When people lodge in hotels, they have the options of subscribing to other services the hotel offers; services like feeding, drinks, laundry, fitness center, swimming pool, conference room and business room, amongst others. As a matter of fact, the facilities provided by some hotels may range from a basic bed and storage wardrobe, to luxury features such as en-suite bathrooms, mini parlor et al.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.
Toggle navigation. Starting a business made easy. Business Ideas; Business Planning Free Hotel and Motel Sample Business Plans. A poorly prepared business may discourage investors so it is important that you put enough effort into preparing your business plan or get someone to prepare it for you.
Here is a sample hotel business plan template to help you get started. Sample Hotel Business Plan Template – Sustainability and Expansion Strategy Part of the grand plan of sustaining Sean and Sharon hotel is to ensure that we provide the best of trainings for our employees, put succession plan in place, and we will not relent in marketing and promoting our hotel brand.
Okay, so we have provided you an in-depth sample hotel business plan template. We also took it further by analyzing and drafting a sample hotel marketing plan backed up by actionable guerrilla marketing ideas for hotels..
In this article, we will be considering all the requirements for starting a hotel business. This Hotel Business Plan can serve as a starting point for your new business, or as you grow an existing enterprise. Free to download and print.
Sample Hotel Business Plan Template – Executive Summary Sean and Sharon Hotel will be located in the heart of Las Vegas less than 20 minute drive from McCarran International Airport in Las Vegas, and few minute drive from Mandalay Bay Event Center.