Opening a hotel is a challenging process, but a profitable venture. There is intense competition in the hotel industry. Therefore, whether you are planning to open a luxury boutique hotel or a comfortable hotel with bed and breakfast service for customers, you will need to do a lot of research and planning before taking the risk and going into this business. The risks to be taken by those who want to start a big business are naturally great. It is possible to earn big money in the business world only in this way.
According to 2012 numbers, there are 2 thousand 755 hotels with operation certificates in Turkey. 679 of these kinds of things are domestic, and 140 of them serve within the body of foreign chains or groups. As of 2011, there are 313 rooms and a total bed capacity of 658 thousand in 2,755 facilities certified by the Ministry of Culture and Travel.
Hotel opening options are quite extensive, so decide first what type of hotel accommodation you want to offer. For example, the service you will provide may be of high quality, affordable or very cheap. Will you provide a single room service or will you open a hotel with additional amenities such as a restaurant, conference room, swimming pool, spa or gym? However, you also need to decide on the location of your hotel.
Make a business plan. Most hotel businesses need external financial support at the start-up phase. It's a good idea to work with a professional consultant to prepare your business plan. Your business plan should include your business proposals, market analysis, the main framework of operating practices, explanations of your longevity goals, and your financial investment applications. If you have visited competing hotels, include in your business plan a summary of what similarities and differences exist between your rooms, restaurant services, or different services.
For licenses and permits, apply to the relevant official institutions.
Renovation and renovation. After securing the location of your hotel, you can make renovations and innovations to make it different from the previous state. Make sure electrical, plumbing and wiring systems are working properly. You may want to consider working with an interior designer to help you choose the color of the carpets, walls, rooms and lobby.
Advertising and marketing. Register with travel agencies, agency websites, international reservation systems and tour leaders. Kindly invite the travel professionals to stay at your hotel. In this way, they will have the opportunity to see the services you offer up close. Start a professional and cool website with photos, video tours and an online booking system.
What You Need
You can start by taking a franchise under the roof of a good hotel management brand. Building a hotel from scratch would cost a bit more. They will also receive an annual franchise fee.
The hotel is irresistible to the economy that can be made round trip such that it is weak to hold for several years. Put money to buy to get the planning and first year planning to make it most useful.
Conditions for Opening a Hotel
What Documents Are Required to Open a Hotel?
How Long Will the Hotel Open?
It is impossible to give a clear figure for this question, even if we give a number due to changing market conditions, this figure may lose its validity. Therefore, if you want to make the simplest calculation when you decide, you can calculate a price by taking into account all the hotel textile materials, paperwork costs, the number of employees and the electricity fee according to the number of rooms in the hotel you will operate. Or sometimes it may be more advantageous to take over a hotel.
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