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SOME TIPS TO CONSIDER BEFORE SETTING UP THAT HOTEL OR MANAGING YOUR HOTEL
HERE ARE SOME OF THE TIPS TO CONSIDER BEFORE SETTING UP THAT HOTEL!
Whether you have several years of hotel management experience or an entire lifetime of experience, setting up a hotel business is a large project. Market research, finding a location and selecting the right niche market take time and money. However, forging partnerships with talented contractors, architects, designers and hospitality consultants can help you make the right decisions when setting up your business.
Here are some instructions you should follow
1 Get experience/experience hand in the hotel industry. If you haven't worked in the hotel business before, industry experience will help you understand how to order inventory, manage and run the daily details of your hotel. Choose a niche similar to the type of hotel you would like to run. For example, if you want to open a small hotel targeting traveling families, find a comparable company to work for.
2. Check out hospitality training programs. When opening your own restaurant, formal training in hospitality can help (contact us) These programs provide skills in hotel management and operations, which is important when launching your own hotel business.
3. Conduct market research. For example, if your hotel business will be targeted toward business travelers, make sure the demand for hotel services is higher then supply. Check out similar businesses in your area, and chat with management about how busy they are. For example, the hotel may only be at 50 percent capacity during peak season, which is a good indicator of the market potential. Also, check out hotel franchise opportunities (contact us), which provide a more "turn key" approach to starting your own hotel. The cost of starting up a franchise ranges, from 2.5 million up to 53 million.
4.Choose your location. For a hotel business, location is essential to your success. For example, a hotel focusing on traveling families might choose to be located close to the freeway for easy access.
5. Rent or purchase a building. With a hotel business, you have two options: build a hotel or rent a suitable building. Each option is complicated, so it's important to have an architect or hospitality consultant that specializes in the hotel business on your team. They can help you with specialized tasks, such as designing and laying out your hotel. Even if you rent a location, the space will often need architectural adjustments to fit your vision.
6. Apply for the required permits. Don't waste any time securing permits for your hotel. If you'll be building, your contractor can assist in getting the required permits from the city planning commission. Also, the community may have to approve your hotel depending on your city's rules and restrictions. If you'll be serving food, you'll also need to secure food handling permits and a license to serve alcohol. Contact your local licensing board for more details.
7.Partner with a hotel supply company. Outfitting your hotel with furniture, linens and supplies is a huge job. These companies can walk you through the process to ensure you have everything needed to furnish and supply your hotel (see Resources).
8. Plan a grand opening event. During this event, offer discounted prices on your rooms and food (if you serve food). Reach out to your local chamber of commerce, and invite members to check out your hotel. You can also hire radio stations to report from the event, and give away free door prizes to generate interest
Read more: How to Set Up a Hotel Business
- WARNING: Read This Before you setup that hotel/ fastfood/ restaurant or train the local staff and avoid making mistakes.
Did you that the competition in the hospitality industry is very stiff? Hence, before you venture into setting up a hotel/ fast food / restaurant there are several factors to consider, and let us examine some of the Do you Know of setting up a hotel.2. Do you know that the purpose of establishing a hotel/ fastfood/ restaurant influences your choicof location?
3. Do you know that your expected clientele or customer living style, salalry status would also have an influence on your choice of location and pricing
4. Do you know that without adequate training for your staff , there cant be efficient service delivery?
5. Do you knw that the early stage of staff recruitment is a delicate stage in ensuring the success of your hotel?
6. Do you know that you need to engage professional help in defining the purpose, chopice of location, customer attraction and retention strategies, staff recruitment and trraining?
At LAMBSON CONSULTING SERVICES, We help you in all of these and more. Talk to us On 08029213343.
At LAMBSON HOTEL CONSULTING SERVICES,WE HELP YOU AND MORE
