Open your own hotel

What you need:

• Business plan
• Good nerves
• Good ideas

Opening your own hotel requires a well thought-out concept and a business plan

For the concept, all things that need to be done are first brought together. Also called a to-do list in today's parlance. The content should roughly outline how the "own hotel" project can take shape. Here are a few points to consider.

• The first question is where the hotel should be opened. How many competitors are there in the same location? What about the infrastructure, restaurants, bars, shops? What is the number of tourists? Or are you planning to open a secluded hotel on a lonely lake? Then factors such as arrival and departure, longer distances for goods that are delivered, play a role. Which nature conservation requirements have to be followed etc.?
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• When the question of the location has been clarified, now comes the tiresome question of capital. Will you lease or build something new? In the case of a new building, administrative procedures and approval procedures are inevitable. If an existing property is leased, official requirements must be met. With these conditions it is a question of whether own catering with a kitchen is operated or whether there is sub-leasing. Personnel questions must be answered, as well as safety requirements such as fire alarms, emergency exits and fire doors. In most cases, the lease requires a thorough renovation and recruitment, which can be very costly. It should be clear to everyone that a new building will not be cheap. With both options, anyone who wants to open their own hotel should definitely have enough equity. Even if you want to finance, you will no longer find a bank that takes the risk of a loan without equity.
• A business plan should be drawn up not only for an upcoming financing, but also to be a little safer yourself. A profit and loss account is drawn up in this plan. Roughly, the monthly expenses are compared with what can be expected in terms of monthly income. With such plans, it is always good to have a fixed monthly source of money and not only have to speculate on the expected number of visitors.
• The employees represent a large part of the running costs. From housekeeping to janitor, everyone wants to be paid for what they do. These are all factors that flow into a business plan. The right calculation decides to be or not to be.


Open a call center - you should pay attention to this

Sure - those eternal advertising calls can get on your alarm clock. …

Advertise your hotel and your independence 

• The nicest hotel can be the bleakest place if the guests stay away. Therefore, it is important to carry out good advertising measures before the opening. Discussions must take place with travel agencies and event managers in the area. Of course, the target group of the hotel always determines the type of advertising.
• New paths have to be taken, complete packages with travel, accommodation and excursions to various events or sights. In order to survive in today's competition, either the cheapest offer must be made, which must not be at the expense of quality, or the most versatile. When it comes to the most versatile, the hotelier is always asked to be one idea better than the competition, so that the place is booming.
• The route via the Internet is also becoming increasingly popular. The hotel's own website can be used to advertise globally.