#1
4th March 2016, 04:31 PM
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How to open a Hotel Business
Can you guide me how to open a Hotel Business as I want to get into that industry? Also list me the names of some top class Hotels in India?
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#2
4th March 2016, 04:32 PM
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Re: How to open a Hotel Business
Opening a hotel requires careful choice of a location and strategy, a business plan, access to considerable financial resources, and a customer service mindset. The first step to starting a hotel is to develop hotel business plan. 1) Location and Opportunity The location for hotel is highly linked with the opportunity that feel there is for hotel. In the right location, where competitors are not fulfilling all customer needs, a hotel can thrive. However, in a beautiful neighborhood that happens to have heavy competition from existing hotels, success may not be so forthcoming. 2) Strategy The next step is to know how customers answer the question "why my hotel?" How to tailor services to the customers want to attract, whether they are families with kids, couples on romantic vacations, businesspeople, or international tourists? Consider the combination of facilities, atmosphere, location, and services that are right for customers. Always keep in mind that strategy means making tradeoffs - it is almost impossible to be everything to everyone and succeed. One might have to give up certain customer target markets in order to make service offering perfect for most desired customers. 3) Planning A simple, clear, but influential hotel business plan is necessary not only to think through how to take on the opportunity, but for convince any investor or lender that have the ability to do so. No savvy investor is attracted by a lack of planning. There is no excuse to not create a plan with the wealth of information available on writing business plans and even business plan templates tailored to the hotel business sector. 4) Fundraising Whether you buy an existing hotel, build one from scratch, or renovate a building into a hotel, one need lots of money to invest. Assuming one does not have the money, one need to seek bank loans and/or angel investment in hotel. As one is working with considerable assets, dependable and experienced legal and accounting help is a must as create deals with investors. 5) Hospitality Mindset One must have an ingrained sense of how want guests to be treated so that one can implant the mindset in top management and they can, in turn, teach to the staff. Staying at a hotel can be stressful and uncomfortable, and guests demand the highest attention to the needs or need to have no problem complaining loudly and publicly. If employees sense one have higher motives than customer satisfaction, customer service may fall by the wayside and hotel business may fail or never take off in the first place. Top Hotels in India Taj Lake Palace Udaipur The Leela Palace Udaipur The Taj Mahal Palace Mumbai The Oberoi Amarvilas Agra Taj Falaknuma Palace Hyderabad The Oberoi Grand Kolkata Umaid Bhawan Palace Jodhpur The Leela Palace New Delhi The Oberoi Gurgaon The Oberoi Mumbai The Oberoi Udaivilas, Udaipur The Oberoi Vanyavilas, Ranthambore Taj Rambagh Palace Jaipur The Oberoi Rajvilas Jaipur Trident Gurgaon The Paul Bangalore Moevenpick Hotel & Spa Bangalore Wildflower Hall Shimla Amanbagh Resort Rajasthan The Tamara Coorg Orange Country Resort Kabini The Lalit Resort & spa Bekal The Oberoi Cecil Shimla Vivanta by Taj Madikeri Karnataka Tree of Life resort and Spa Jaipur |