Remove Reservations Remove Revenue Projections Remove Strategic Planning
article thumbnail

How to Start a Hotel Business

Xotels Hotel Revenue Management

Sales reservation fees. Pulling Everything Together: The Hotel Business Plan Here is a short list of how your hotel business plan should look like. Strategic Plan. The strategic plan consists of three important parts covering marketing, distribution and revenue management. Financial Plan.

article thumbnail

Everything you need to know about resort development

Les Roches

This involves estimating construction costs, operating expenses, revenue projections and return on investment (ROI) calculations and identifying potential risks and opportunities. They then devise financing strategies to secure funding for the project to cover these costs and contingencies.