Share 1 Shares Hotel Business in Nigeria is one of the businesses that guarantees all season profit for the owner. Contrary to some articles online that is trying very hard to explain why hotel business in Nigeria is unprofitable, the truth is that you can actually make big money in the business.
Okay, so we have considered all the requirements for starting a hotel business. What is the Essence of the Hospitality Industry?
All over the world, the hospitality business is being seen as a very serious trade and the reason for this cannot be farfetched.
The reason the hospitality business — especially hotel business is being taken seriously is because of its relationship with the tourism industry. Either locally or internationally, one of the ways to make people who arrive at unknown places at ease and making them feel comfortable is by having a very relaxed hotel in place for them to lodge in.
This is one of the reasons why the hotel business continues to witness a boom. Why Start a Hotel Business?
Starting a hotel business could eventually be one of the best things to attain for yourself. This is because of the lucrative nature and the prosperity involved in this industry.
Every day foreigners, as well as local migrants and business people travel from one point or the other and the option they are faced with is staying in hotels. It is pertinent to note that there are different categories of hotels, like the 5 star, 4 star or even the 3 star hotels.
One of the essential things that is unique to each category of hotel, are the facilities that make up each. Writing a Business Plan Whatever type of hotel category you may have is in view, there is always the most important step to take in making your business stand out, as well as succeed in the long run.
What can this be? Well, that hotel business plan in nigeria things the hurdle of writing a business plan. One of the reasons why writing a business plan might be one of the best things to do is this. It helps you stay focused whilst trying to build your business to the height you want it to be.
Free Hotel and Motel Sample Business Plans Writing your business plan doesn't have to be a chore. Just check out these sample business plans for hotels and motels to get some ideas and inspiration. Hotel Business in Nigeria is one of the businesses that guarantees all season profit for the owner. Any smart investor who venture into it will have REASONS to smile in no time. Contrary to some articles online that is trying very hard to explain why hotel business in Nigeria is unprofitable, the truth is that you can actually make big money in. Hotel Business Plan in Nigeria – How to Start a Hotel Business The hotel business is one which has become a very lucrative business presently booming in Nigeria. The tourism sector of Nigeria is valued at way over four billion dollars and it is continually growing at a steady rate.
The various segments and technicality involved, also requires that a deep and thorough calculative approach is used to arrive at the best of projections for your business.
Writing a business might not pose too great a threat as you might think. This is because it entails using a sample hotel business plan to write yours.
You too have the wherewithal to do so, as a well put together business plan is available to you below. When people lodge in hotels, they have the options of subscribing to other services the hotel offers; services like feeding, drinks, laundry, fitness center, swimming pool, conference room and business room, amongst others.
As a matter of fact, the facilities provided by some hotels may range from a basic bed and storage wardrobe, to luxury features such as en-suite bathrooms, mini parlor et al.
It is the norm for big hotels to provide additional guest facilities like swimming pool, conference center, business center, childcare, self-service laundry, fitness center and social function services.
In some countries, hotels are required by law to serve food and drinks to all their clients that lodged in their facility while in some country, you would have to choose the additional services you want from the hotel.
The bottom line is the higher the amount you pay in hotels, the more the services you are entitled to. Starting a hotel business is capital intensive and it is considered a long term investment because it takes a while for the owners to breakeven and start making profits.
No doubt it takes a big time investor to consider starting his or her own hotel business, which is why loads of hotels are owned by groups of investors. One good thing about the hotel business is that the business can grow so big that it will not only have active presence in key cities in the country where it started from, but in major cities in all the continent of the world.
It is important to state that hotel operations vary in size, function, and cost which is why hotels are classified into different grades two star hotel, five star hotel, seven star hotel et al.
We are certain that our values will help us drive the business to enviable heights and also help us attract the number of clients that will make our hotel fully booked all through the year. We are going to be a customer-centric hotel with a service culture that will be deeply rooted in the fabric of our organizational structure and indeed at all levels of the organization.
With that, we know that we will be able to consistently achieve our set business goals, increase our profitability and reinforce our positive long-term relationships with our clientele, partners, and all our employees as well. Our hotel facility will be decorated in an exquisite and elegant facade, so much so that it will be a conspicuous edifice in the city where it is located.
Sean and Sharon hotel will be equipped with a business center and a VIP lounge, as well as a Fitness room and self-service laundry which will be made available for resident guests at no extra cost.John-Paul Iwuoha is an author, impact entrepreneur, business strategist and founder of Smallstarter Africa.
He works with entrepreneurs and investors to start up and grow businesses in Africa. His work and articles have been featured on several local and international media, including CNN, The Huffington Post, The Africa Perspective Magazine, Business Day and LinkedIn Pulse, among others.
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But until you finish your business plan, you will not be able to get the financing either. So you end up with ideas sitting in your head not realizing your dream. Really it is /5(). How to Start a Hotel: 5 Keys to Success Starting a hotel requires careful choice of a location and strategy, a business plan, access to considerable financial resources, and a customer service mindset.
1) Location and Opportunity The location for your hotel is highly linked with the opportunity that you feel there is for your hotel. Sample Hotel Business Plan Template – Executive Summary. Sean and Sharon Hotel will be located in the heart of Las Vegas less than 20 minute drive from McCarran International Airport in Las Vegas, and few minute drive from Mandalay Bay Event Center.
We are conveniently located in the world’s headquarter for casinos and games; a commercial center.
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