Hotel Management Business Plan

Hotel Management Business Plan-12
Investors want to see that you understand the current state of the hotel industry.Outline any hotel industry trends and how those trends impact your business.While you are earning your degree, it is a good idea to have a job at a hotel.

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Once you have your business plan and the actual business licensed and ready, you can go after getting your first client.

Go to the owners of the hotel you are managing with a proposal.

If you are planning on starting a hotel management company you must have the education to use as a resource and reference.

Having a degree from a four year institution will help win future clients and contracts.

Talk about your past experience and your ability to oversee and manage a hotel as well.

Include bios and resumes for key managers and communicate your plan for hiring, training and retaining employees.

This includes several components, including your mission statement and objectives.

A mission statement is a single sentence that describes why you are in business, such as, "To be the hotel with the highest level of service in the industry." Your objectives are the things you hope to accomplish with your hotel business, such as, "Maintain a 75 percent occupancy rate throughout the year." The next part of your hotel business plan is to provide an analysis of the hotel industry.

With this first good review and the positive outcome of the first year of the contract, go after a renewal of the contract.

When you have this renewal, start proposing services to the next hotel in town. Don't mix managing hotels and motels because they are seen as different business models by both hotels and motel operators.


Comments Hotel Management Business Plan

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