average investment > Opening Hotel

Opening Hotel

Lets figure out how to open your own hotel. What is needed?

Small hotels are very popular right now, people need only a sleep and breakfast, and there is no need in big hotels for this purposes.

So it can become very profitable business for you.

As for customers there is not a big difference in room quality of different hotels. Usually difference is in price. And lots of customers now it.

So if you will have reasonable prices you will get lots of customers.

So to open a small hotel with reasonable prices, you must find a good place for it.

There is no sense to build a new building for it, because we will need small hotel.

To find really good place for hotel is not so easy, but possible.

There are lots of old houses across America, so you can buy them and build your own hotel out of this old houses.

Rent is not a really good option, because owners of buildings can change their mind on your business and sometimes they will ask you for extra money.

That is why there will be a need to sort everything out but not run your own business.

You will need to get some licenses for such business, but if you just want to try, you can start your hotel only with couple of rooms.

Do not forget about competitors.

Your competitors are not only other hotels, but don’t forget about rooms for rent and houses for rent.

Some of your competitors rent houses for days.

Your big problem is looking for customers. Without customers you will have no business at all.

So you will need lots of ads online and offline, it will cost some money.

Your advantage among hotels can be quality of your services.

You will spend lots of money on construction works, salaries for your workers and you will pay for public utilities.

Good idea is to optimize your expenses, but you will need your customers to come back, so think about it also.

Think about your workers, they are face of your company, and it will be good idea not to optimize their salaries.

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