The hotel business is one of the most profitable and quickest paybacks, so it is not surprising that new hotels appear so quickly. However, before the opening of a new hotel, it is necessary to take into account some of the nuances and moments of successful hotel business.
When developing any business project, it is necessary to think over its concept in advance. This approach will help to correctly and effectively organize work, both at the planning stages and directly during the construction of a new hotel. Domino Hotel, for example, thanks to its good style, competent structure of work and marketing analysis, managed to achieve amazing results in a relatively short time. It is also very important in the concept to describe not only the hotel's room stock, but also the services that will be provided in it, including entertainment. When choosing services that will be included in the list of future hotels, it is best to include those that are not provided by other competing hotels. This will significantly increase the number of customers and immediately occupy a niche in this market segment. When developing a concept, it is also necessary to determine the consumer group. Creating your own corporate identity also has a positive effect on creating the necessary image of the hotel among potential customers.
After creating the concept, you need to start developing the project. At this stage, it is very important to find a good design organization that knows all the subtleties and nuances of designing hotel facilities.
Investment analysis is also very important because it is with its help that you can calculate the payback of the project. Reliable statistics are used to calculate the payback period. When using the services of an experienced specialist, he will not only help to most accurately calculate the payback period, but also prompt those structural units that will bring the greatest profit. These elements include directly the hotel room stock, communication services, a restaurant, as well as banquet hall services. It is very important and correct to choose the location of the hotel itself in the city. Hotel Roslesprom, for example, receives up to 30% of customers annually only due to its favorable location. When drawing up the project budget, various expenditure items should also be taken into account: loans, production costs, etc. Drafting and analysis of the project budget to determine its self-sufficiency is carried out in percentage terms.
Today, a number of consulting companies offer services not only for project development, but also for its support.
