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How to start a hotel business plan

SiteMinder

Staffing requirements: Determine the number of staff needed for each department (front desk, housekeeping, maintenance, food and beverage, etc.), based on your projected occupancy and service levels. Break-even analysis: Calculate the point at which your hotel will start to generate a profit.

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How to Start a Hotel Business

Xotels Hotel Revenue Management

Competitive Analysis. Of course, studying local competition is essential to highlight your strengths and weaknesses, as well as weighing those of the competition against your own. This can also be defined as a SWOT analysis, which investors use to see how you differentiate and stand out from the crowd.