Remove Competitive Analysis Remove Guest Satisfaction Remove Revenue Projections
article thumbnail

How to start a hotel business plan

SiteMinder

Here’s what to include in your revenue and pricing section: Revenue streams: Identify all potential revenue sources, such as room nights, food and beverage sales, meeting room rentals, spa treatments, and laundry services. Break-even analysis: Calculate the point at which your hotel will start to generate a profit.

article thumbnail

How to Start a Hotel Business

Xotels Hotel Revenue Management

We consider the following characteristics to be of great help: Guest first mentality & proactiveness, meaning always thinking of how the guest feels around your hotel and what can be done about it to improve their experience. Imagine the type of guests which will be likely to visit your hotel. Competitive Analysis.