A Sample Hotel Business Plan Template (Hospitality) | ProfitableVenture

 

business plan of hotel

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. These, and hundreds more sample business plans, are included in LivePlan. It's the fastest way to create a business plan for your business. Learn. Traveling to different cities or countries wouldn’t be complete without a visit to one of the world’s most renowned hotels. The hotel business is a booming industry of glitz and glamour, and a lot of A-list celebrities, political dignitaries, and corporate moguls can agree. Financial Plan. For the financial plan section, communicate the startup costs of the hotel, the ongoing costs of doing business and your projections for revenue and expenses for one, three and five years. Revenue projections are based on the number of rooms you .


Business Plan for a Hotel | Bizfluent


Are you about starting a hotel and hospitality business? Okay, business plan of hotel, so we have considered all the requirements for starting a hotel business, business plan of hotel. 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 business plan of hotel business — especially hotel business is being taken seriously is because of its relationship with the tourism industry. Either locally business plan of hotel internationally, one of the ways to make people who arrive at business plan of hotel 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. 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. 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 business plan of hotel 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, business plan of hotel, 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, business plan of hotel. 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, business plan of hotel, 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, business plan of hotel, 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, business plan of hotel.

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 business plan of hotel 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 business plan of hotel al.

We are certain that our values will help us drive the business plan of hotel 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, business plan of hotel, 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 business plan of hotel 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, business plan of hotel, and business partners, business plan of hotel.

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 business plan of hotel 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 plan of hotel 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 business plan of hotel business partners.

These are the services and amenities that will be made available to our guests. Our mission is to deliver reliable, genuine, caring and excellent service superior to what our competition business plan of hotel offer in any location where our hotel will be situated and to ensure that our hotel enjoys over 90 percent occupancy in most parts of the calendar year.

The success of any business is to a larger extent dependent on the business structure of the organization and the people who occupy the business plan of hotel role.

Sean and Sharon Hotel will work with a business structure that will give room to employees to explore their creativity, give a sense of belonging, as well as grow through the corporate ladder of the organization. We business plan of hotel work hard to ensure that we only recruit the right set of people with the right mindset to help us achieve our business goals and objectives in record time.

We intend building Sean and Sharon Hotel on this structure. The trend in the hospitality industry is business plan of hotel that there are peak periods and off peak business plan of hotel. Thus, hoteliers know this and have been able to make provision to properly handle the change in season. For example; during summer or during any major sporting event or business summit, business plan of hotel, most hotels in Las Vegas are almost fully booked.

As a matter of fact, that is the period that some hotel make the money that will sustain the business for the rest of the year. Be that as it may, some hotels are well positioned and they enjoy rich patronage all through the 12 calendar months of the year. Over and above, hoteliers are quite aware that they are in the industry not for quick returns on their investments, but to steadily build a brand that can become a global brand while growing their profits year in year out.

Sean and Sharon conducted her feasibility studies and market survey and we were able to identify those who we expect will eventually become our loyal customers.

We do not intend to waste our time on activities that would yield us nothing, which is why we invested time to create a hotel marketing plan to help us do only the most needful things. These are the category of people that we intend marketing our hotel to. The competitive edge of Sean and Sharon Hotel Las Vegas, Nevada is the excellent and customized service that we offer to all our guest irrespective of their status.

We can boldly say that the location of our hotel is going to give us an edge over our competitors in Las Vegas. We are in the middle of the happening city in Nevada. From the location of our hotel, business plan of hotel, you can connect any part of the city with little or no stress. Another significant competitive advantage that we are bringing to the industry is the robust experience of our management team. We have a team that has a combination of 40 years of experience in the hospitality industry in United States and Canada.

They are considered as core professionals business plan of hotel their own right. We will adopt the following means to attract the kind of people that we want in our hotel per — business plan of hotel. The model of bar we intend running is a neighborhood type of bar, hence, business plan of hotel, we are not going to rely only on the conventional ways of marketing. Our unique selling proposition is that we have a collection of almost all brands of beers produced in America in our bar, we have assorted drinks and tobaccos et al.

In view of that, we are going to adopt the following strategies to ensure that we do not only attract customers but generate repeated sales from them; Parts of the marketing and sales strategies that we will adopt are;, business plan of hotel. It is important to state that our sales forecast is based on the data gathered during our feasibility studies and also some of the assumptions readily available on the field.

Below is the sales projection for Sean and Sharon Business plan of hotel, it is based on business plan of hotel location of our hotel and the services and products that we will be offering. Be that as it may, we have put plans in place to discount our products and services once in a while and also to reward our loyal customers. Our payment policy is all inclusive because we are quite aware that different people prefer different payment options as it suits them.

Here are the payment options that will be available in every of our pub. In view of the above, we have chosen banking platforms that will help us achieve our payment plans without any difficulty. Sean and Sharon Hotel is in the hospitality business to make profit and we can only make profit if we steadily increase our customer base.

No doubt, in order to remain relevant in the hospitality industry as an hotelier in Las Vegas, you should be able to continue to create hype around your hotel brand and that is exactly the publicity and advertising strategy that we will adopt. We will ensure that we leverage on all conventional and non — conventional publicity and advertising techniques to promote our hotel brand. Although our hotel is located in Las Vegas, but the scope of our market is global which is why we choose to make use of best practices as far as publicity and advertisement is concerned in hotel business.

Here are the platforms we intend leveraging on to promote and advertise Sean and Sharon Hotel, Las Vegas. Part of the start — up capital will also be raised as a loan facility from the bank in the United States. These are the areas where we intend sourcing for fund for Sean and Sharon Hotel.

B: Please note that Sean and Sharon Glaciers want to retain the lion share of the business shares hence they both are investing a total of 1 million USD. They will also secure a mortgage to purchase the property for the hotel. 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.

From our findings, another factor that kills new business is financial leakages. In order to plug financial leakages, the management of Sean and Sharon Hotel will adopt the use of payment machines and accounting software to run the business. In the bid to building a successfully business, we will ensure that all our employees are comfortable and we will provide them with the best of facilities and welfare package that will help them achieve peak performance in all their duties and in turn help the organization achieve its goals and business objectives.

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14+ Hotel Business Plan Examples - PDF, Word, Google Docs, Apple Pages | Examples

 

business plan of hotel

 

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. These, and hundreds more sample business plans, are included in LivePlan. It's the fastest way to create a business plan for your business. Learn. Financial Plan. For the financial plan section, communicate the startup costs of the hotel, the ongoing costs of doing business and your projections for revenue and expenses for one, three and five years. Revenue projections are based on the number of rooms you . Hotel Business Plan Template The hotel business is booming, but starting and growing a hotel can be quite complex. As the industry continues to segment into inns, mom and pops, and major chains, it also faces immense pressure from guest houses, hostels, time share condos, and a plethora of rooms for rent in private homes.5/5(33).