Today the hotel business is attracting a lot of attention. At the same time, small multimillion-dollar projects of hotel complexes and hotels are becoming more and more popular. Recently, many citizens have begun to seriously consider the idea of converting their property into a hotel.
Studies of the modern market for hotel services have shown that 70% of tourists prefer to stay in large hotels and only 30% prefer small mini-hotels. If you are just starting your own hotel business, it is best to start with a small hotel with 10-30 rooms.
A competitive advantage can be made with prices and home comfort, which are so appreciated by many travelers. Of course, you can open a large expensive hotel, which will have exclusive rooms with a unique design and personal service.
Material base formation
The answer to the question of how much it costs to open your hotel and how to make a good profit depends on how you choose the right room. The most economical option is buying or renting a communal apartment. It is best to buy out several apartments at once in the same building, which is located in a prestigious area. Infrastructure is very important - the proximity of public transport, the presence of cafes and shops. To open a hotel, you will need to transfer the premises to a non-residential fund.
The next tangible expense item is the redevelopment of the premises. It is unlikely that it will be possible to do without it, since hotels must meet the strict requirements of the fire department.
The interior is the basis of the appearance and a very consumable part. Even if you do not plan to create a unique interior and purchase exclusive items, you just need to create cleanliness and comfort.
As for the equipment, not only pieces of furniture are needed, but also equipment and telephones.
Preparation of the legal framework
It takes a lot of time to get various approvals and permits. First of all, you will need to pass a check for compliance with GOSTs. After that, confirm the standards in the water utility, fire inspection, city administration, Rospotrebnadzor and energy supervision.
If you wish, you can undergo additional certification and assign your hotel a "star".
Where to get funds to open a hotel
Before calculating the profitability of a hotel, you need to calculate the start-up investment well. Experts consider this type of activity to be expensive in terms of initial capital. If you do not have your own funds and are looking for a lender or investor, be sure to take into account that the hotel will pay off only in 5-8 years.
Pay special attention to the "pitfalls". One and the most important difficulty lies in the formation of your own image and the development of clients. First of all, you can try to negotiate with travel companies that will advertise your hotel and advise you to visit it, for a separate fee.
The next important point is the selection of personnel. The reputation of the entire hotel depends on the competent staff.
Do not forget about advertising, because with the help of loud and bright advertising, you can attract a large flow of tourists.
Summarizing
Opening your own hotel is a very expensive undertaking. The implementation will take a lot of time and effort. Having a small budget will not be able to start quickly and get a good income. This type of business is suitable for those who are ready to invest their own money and wait for several years of profit. And, of course, you need to love your job very much.
