The hotel sector has been strongly impacted in recent years.
Between the attacks which have done great harm to tourism and the evolution of behaviour and modes of consumption, it may seem difficult to get off the ground at the present time.
However, creating a hotel is far from impossible and the idea undoubtedly attracts many of you. We can easily imagine that those aspiring to such a “task” must be full of questions…
Creating a hotel: the main steps
Setting up a hotel often appears to be such an arduous undertaking that it becomes almost impossible.
Between the market stranglehold of large groups and dozens of regulations, how do you go about it and where do you start?
It is clear that the hotel sector is in full evolution: innovation, originality and above all adaptation are in order!
While some people want to create their own establishment from scratch, others aspire to take over an existing establishment (the most common choice).
If you are one of these people, you have come to the right place. Takeover is an attractive alternative, but it requires good preparation.
To help you in this process, we go through the steps in our guide to take over a hotel in detail.
Making a business plan for a hotel
One of the first, and not least, steps in opening a hotel is the preparation of a business plan.
Whether you have decided to set up a new hotel or take over an existing one, setting up a hotel usually involves a considerable initial investment. So your business plan, as a tool of persuasion, is a vital element in your beautiful project.
Indeed, you will have to convince potential investors and banks of the infallibility of your project. Your business plan must be drawn up accordingly: with seriousness and expertise.
To help you in this task, consult our hotel business plan guide.
In order to help you achieve your most ambitious projects, we also offer you a hotel business plan template.
Financing your hotel
A delicate stage for most future entrepreneurs: that of financing. This stage is all the more complex when the decision is made to create a hotel, since this type of project requires the release of significant funds.
While many solutions exist, it is important to make your choice with all the necessary information in hand: zoom on hotel financing.
That’s it for this time, we hope that these guides have given you a better understanding of how to create a hotel. If you still have any questions, do not hesitate to ask us in the comments section.