Hotel business plan in nigeria nigerian
There are several types of hotels and they can be classified based on the kind of services they predominantly provide or the sizes of the hotels altogether. Get Your Hotel Business Right From The Start It seems like its a norm in this part of the world that every local hotel has to be dirty and unkept after all, is it not just to sleep on bed with a woman and get up the next morning?
Small hotel business plan
Once this is done, you have a licence to operate. It gives you and all interested stakeholders such as other investors a much clearer picture regarding the costs involved, whether the return on investment is desirable , and helps in deciding how to proceed. While you administrate your business if you can. You can also use radio and television stations to advertise your business. A lot of people have a strange notion that this business is not profitable, however the proliferation of the sector all over the country has proven these ideas totally wrong, the sector is indeed profitable and practically self-sustaining. Else, for every unhappy staff leaving your hotel to another hotel are also some of your customers leaving you because hotel customers usually build a good relation with the staffs and usually contact them before coming. It is important to choose a very attractive name for your hotel, the name of your hotel will go a long way to determine how much patronage you will receive from customers.
Whether you are starting a new business in Nigeria, or you are an established company with dozens of employees and planning to expand, we can help you create a professional business plan to fit your specific needs anywhere you are in Nigeria and the world at large.
A decision to start up under any of these brands is certain to bring great success, a major reason for this is that the names are already trusted brands by customers so they will be interested in patronizing the business without even doing any adverts.
Hotel business plan pdf
Once this is done, you have a licence to operate. Materials and Equipment for PatiladWonder Hotel Business Plan in Nigeria Hotel space, power source, hotel van, good water source, beddings, interior furniture, interior gadgets, kitchen equipment and utensils, laundry equipment, car wash equipment, Phones, Storage hardware bins, utensil rack, shelves, glasses case , counter area equipment counter top, sink, ice machine, etc. It is also not as capital intensive as the franchise option, since the business can gradually grow into what the business owner desires. While some people will say it is not that lucrative, I beg to differ except of course if you set it up without doing your research well. Hotel Business in Nigeria: Guide On. You can also offer a certain percent off for customers if they return next time etc. The staff are warm and professional in approaches. Buy a franchise name There have been hotels before you came into the business and the easiest way for you to shine is to buy rights to the name of an already established hotel. And when I think about this, it really saddens my heart because I strongly feel that there are lots of business opportunities and untapped ideas that the average Nigerian can tap into and start making some money from, however small. Add value The concept of adding value is what makes some businesses better than their contemporaries.
Raise funds Now that you have an estimate of the cost of building your kind of hotel, it is time to raise funds. This includes the development and architectural costs prior to opening the hotel.
New hotel business plan
We work really hard and put a lot of effort and resources into our content, providing our readers with plagiarism-free articles, original and high-quality texts. You can advertise on church magazines in the area, billboards, newspapers e. My work history also afforded me valuable skills on how to maintain world class practices and quality, determine the number of bulk purchase to be made per stocking, etc. I had also learnt how to sustain long term relationship with my client in such a way to always ensure repeated sales. Event planning business requires a combination of education if necessary, an experience and excellent networking. If not, the hotel proposal can be abandoned altogether or it can be altered to make the return on investment attractive enough to proceed , such as changing site, tweaking room rates and reducing costs. Special discounts and averagely fair prices My business meets a need and demand for: A hotel befitting for tourist destination with intercontinental dishes Quality care and hotel experience Provision of highly trained staff experience Great and possible prices. Asides growing profit for the business it will determine the kind of people that visit your hotel. Using your projections for average year-round room rates and occupancy levels, you can project sales from different revenue sources, including food and beverage, leisure and events. How to Start a Hotel Business in Nigeria The hotel business is another lucrative business that is currently booming in the Nigeria.
As a result of this trend, there is a growing opportunity for convenience services like child and day care center businesses. It is practically a waste of money, the structure set in place, and the staff hired if you will not carry out efficient publicity.
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