Title: Dharmesh Patel Stevens Point How to Start and Run a Hotel Business Successfully
1Dharmesh Patel Stevens Point How to Start and Run
a Hotel Business Successfully
- Dharmesh Patel Stevens Point Best service
provider. If you are thinking to start to start
your own hotel business, it is better to plan
your business priorities first. It will help you
to know what exactly you need in order to achieve
your business objective. Every business needs a
robust business plan before it gets started
whether its matter of raising funds or to run the
business. Here are few steps to enable you to
start your hotel business successful
2Raising Funds Every business needs money to be
invested in it to function properly and when you
are starting a new hotel, money is the critical
element of your planning. Whether you are
planning to buy an established hotel or
constructing your own from the scratch, you need
strong financial planning for it. The best source
to raise funds is taking a business loan from a
bank. You can approach to any bank of your choice
but before that keep your business plan ready.
Nearly all banks need a business plan as an
integral part of your loan application
3Location of Hotel A right location matters a lot
for your hotel to get success. For example if
your hotel is located in an area where
competitors are unable to fulfill the
requirements of travelers your hotel can touch
the heights of success and if your hotel is
located on a walking distance from the main
tourist attraction but there is lot of
competition your hotel might not get enough
guests. If you hotel is located near to airport
or railway station or bus stand, you will get
many guest without doing any thing. You also have
to think that shopping places and entertainment
places are easily accessible from
hotel.
4Strategy Dharmesh Patel Stevens Point Skilled
tips provider. Business strategy is the
foundation of successful hotel business. Your
strategy should be very clear in concept without
any confusion. It is better to plan your business
strategies in advance. Just ask few questions to
yourself like "How you will fulfill the
requirements of families, kids, honeymoon
couples, business travelers and international
tourists." And "What kind of services you will
offer to your guest." A good strategy is always a
key to success in any business.
5Hospitality Experience If you are new to this
industry you might face lots challenges to gain
success. You must know "How you want your guests
to be treated in your hotel". Every guest in your
hotel needs highest level of attention and
service whether it's a family or business
traveler. It is better to first get a job in a
hotel, learn some basics of hospitality industry
and then start your own hotel. Marke
ting Dharmesh Patel Stevens Point Best service
provider. Once your hotel is up and running, you
need customers. If you will not get enough guests
in your hotel your business will fail. To attract
guest you must run effective marketing campaign
and you must advertise your hotel. You must
contact travel agents and franchise to get
bookings in your hotel. There are many online
hotel booking websites, you must register with
them. Your hotel must have an effective website
of its own with online hotel booking facility so
that your customers can make direct booking with
you and you don't have to pay commission to
travel agent. You can pass this saving to your
guest by lowering down your tariff or by
providing then additional services.