How To Write A Hotel Business Plan

How To Write A Hotel Business Plan-16
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This is something you should have already started to describe in your Executive Summary, but here is where you get into detail.

If you have mockups of the facilities to be built and the rooms in which your guests will stay, you should absolutely include them here.

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If you’re looking to start a hotel business, you’ve come to the right place.

For each person, create a comprehensive biography and profile.

Sometimes investors care more about the team and the team’s experience more than anything else.The goal is to create a narrative and your opening paragraph should serve as that narrative’s introduction. This gives the reader lots of context with regard to the setting in which your hotel will be located. Again, we are trying to really paint a picture in the Executive Summary that can be fleshed out with the details that are in the rest of the plan.Because location is so important with a hotel, the next step is to get a little in depth with regard to the area in which it is being built. The actual hotel facilities are very relevant to your Executive Summary. You may have other information that is specific to your vision, and anything you deem relevant to getting that vision across can go in the Executive Summary.Don’t be afraid to include personal details either.Investors like to put their money with people they like and people they trust, and details like hobbies, family and the like can endear these key parties to the reader.You don’t need to go into details profit and loss analysis here (that can come later) but make sure you are setting the reader up to understand why your projections make sense.MARKETING PLAN Our Clientele Panda Tip: A hotel’s target clientele is very important and varies widely from the low end to the high end.OPERATIONS PLAN Panda Tip: In building your operations plan, you should expect to get into the real behind-the-scenes details.If you have food on-site then talk about your suppliers.Your reader doesn’t need all the details, just enough to get a flavor for the arrangements you have come to.Additionally, you should discuss any arrangements you will be seeking that you need.

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