No plan is viable without some form of research. Especially if you require outside investment you will need to demonstrate you have done a feasibility study for your new hotel concept. It will also be helpful for yourself to put your ideas on paper and benchmark them against the market to determine the chance of success. Based on our hotel management experience we have put some pointers on paper ...

OK, so you have decided to realize your dream and open your own hotel. You have thought out an amazing concept delivering unparalleled guest service. The next step would be to write a hotel business plan. It’s like a road map to the opening. However this is where most entrepreneurs get stuck.

 Whether you want to open your own boutique hotel, a small bed and breakfast, or an innovative budget hotel concept, there is one thing they all must have in common to succeed. They must have a remarkable concept. What does this mean?

For many people starting their own boutique hotel or bed and breakfast is like a dream. Most are drawn by the charm of hospitality and see it as a chance to start a new beginning. But opening a hotel, just like any new business, is more difficult than it might seem at first sight.