How to Start a Hotel as a Business
How to Start a Hotel as a Business Starting a hotel as a business can be a challenging but profitable undertaking. Whether you’re envisioning no-nonsense accommodation for business travelers, high-end boutiques or a comfortable bed-and-breakfast, you’ll want to spend ample time researching and planning before taking the plunge because there’s plenty of competition. In 2008, the Bureau of Labor Statistics reported 64,300 establishments providing overnight accommodation in the U.S. Step 1 The options for starting a hotel can be overwhelming, so decide early on what type of hotel accommodation you’ll offer: upscale, affordable or budget. Decide whether the hotel business will provide rooms-only service, or whether additional amenities including a restaurant, conference hall, swimming pool, beauty spa or fitness center will be included. This is also the time to make decisions about location. Some states, including New York, Florida, Hawaii and California, a