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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. It is the norm for big hotels to provide additional guest facilities like swimming pool, conference center, business center, childcare, self-service laundry, fitness center and social function services.
In some countries, hotels are required by law to serve food and drinks to all their clients that lodged in their facility while in some country, you would have to choose the additional services you want from the hotel.
The bottom line is the higher the amount you pay in hotels, the more the services you are entitled to. Starting a hotel business is capital intensive and it is considered a long term investment because it takes a while for the owners to breakeven and start making profits.
No doubt it takes a big time investor to consider starting his or her own hotel business, which is why loads of hotels are owned by groups of investors. One good thing about the hotel business is that the business can grow so big that it will not only have active presence in key cities in the country where it started from, but in major cities in all the continent of the world.
It is important to state that hotel operations vary in size, function, and cost which is why hotels are classified into different grades two star hotel, five star hotel, seven star hotel et al.
We are certain that our values will help us drive the business to enviable heights and also help us attract the number of clients that will make our hotel fully booked all through the year.
We are going to be a customer-centric hotel with a service culture that will be deeply rooted in the fabric of our organizational structure and indeed at all levels of the organization.
With that, we know that we will be able to consistently achieve our set business goals, increase our profitability and reinforce our positive long-term relationships with our clientele, partners, and all our employees as well.
Our hotel facility will be decorated in an exquisite and elegant facade, so much so that it will be a conspicuous edifice in the city where it is located.
Sean and Sharon hotel will be equipped with a business center and a VIP lounge, as well as a Fitness room and self-service laundry which will be made available for resident guests at no extra cost. We will also install a free Wi-Fi that will enable our guests surf the internet with their laptop in the hotel room free of charge, and there will be wireless access in all the public area in the hotel; we will also provide mobile phones for loan to business travelers for their convenience so as to enable them stay in — touch with their family members, friends, and business partners.
No doubt our business class guest rooms will provide our customers with a warm and comfortable home away from home experience, large banquet venue, as well as Chinese and Intercontinental cuisine. We are set to give our esteemed guests an unforgettable experience whenever they patronize our hotel.
The owners and board members of Sean and Sharon hotel are big time investors in the hospitality industry. She will be bringing her wealth of experience to the table to make Sean and Sharon Hotel the number one choice in Las Vegas. Over and above we are building a hotel business that will be the cynosure of all eyes.
We plan to do this bearing in mind that it would take hard work, loads of financial commitment, as well as well trained employees who can be indoctrinated in the quest for building a top notch hotel in the Las Vegas city. The point that we want to become a force to reckon with in the hospitality industry means that we will provide our guests with fitness room, social room, and self-service laundry room and business center; for the purpose of business or leisure and more.
In all that we do, we will ensure that our guests leave with an unforgettable experience that will make them want to come back as well as recommend our hotel to their friends, family members and business partners.By creating a business plan, you are writing the narrative of your small business and will be able to clearly share your vision with potential investors, new employees and suppliers.
The MOBI Business Plan template consists of 15 sections that correspond directly to the content of Course 1: Starting a Business. A Business Plan is a written document that describes your core business objectives and how you plan to achieve them over a set period of time.
It is designed to help you, and others, understand how you plan to generate money and make your business sustainable. Business Ideas For Women Startups Business Plan Examples Creating A Business Plan Sample Business Plan Women In Business Business Help Start Up Business Starting A Business Business School Forward Whether you are majoring in business, looking for investors or developing solid plans for your boss or your own business, this guide can pave the way.
set up a business counseling appointment with a SCORE volunteer or send your plan for review to a SCORE counselor at benjaminpohle.com Call 1‐‐‐ to get the contact information for the SCORE office closest to you.
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Small Business Plans Online BUSINESS PLAN TEMPLATE For a start-up company Get started with your business plan – benjaminpohle.com Executive Summary Do you have any plans to update existing products or to offer new products or services in the next years?
If yes, provide a brief description of what you plan .