Starting a Hostel Business
You want to take advantage in the growing popularity of hostels but you don’t know how exactly you’ll accomplish that? No problem, because we have prepared this article with you in mind.
With this, you can easily and quickly get your hostel business up and running in no time.
Hostels are becoming increasingly popular among tourists and travelers, because with the economic turmoil that the world is going through, a cheaper alternative to hotel accommodations is needed. You can take advantage of this by opening up your own hostel business.
Here are some of the things that you need to set up in order to get your own hostel business up and running.
Licensing your Hostel Business
Since they cater to people, hostel owners need to get themselves licensed. Go to your local food and safety government agencies and get yourself certified.
Location Selection for your Hostel Business
This is very important while setting up this business, find a place which should be visible from the highways / main roads and that should be cheap as well. To keep the cost low in the rising competition you will have to set this business with a low investment. Plan your project accordingly, start with Phase-I where you just invest only 35-40% of your investment and get your business start and running. You can develop Phase-II and Phase-III later so that it will give you a margin time to filter your mistakes and invest your money perfectly.
Hostels can be called small hotels. They act almost like hotels except that some accommodations that are afforded to hotel guests are removed. This includes security for your things. In a hostel, guests only have security lockers for their things. When starting your hostel business, make sure to get only the best security lockers for your guests or else, your reputation could suffer if one of your guests successfully raids the others’ lockers and actually get away with it.
Amenities for Hostel Business
Decide first if you want to use double-deck or single deck beds for your rooms, or a combination of both. You would also need to address the privacy of your guests because hostel guests are like bedspacers; they share one room. Unlike hotels, TV sets in hostel rooms are not encouraged in order to foster more interaction between guests.
Internet access can either be wifi or landline-based, so your guests can connect with their loved ones in their home countries. Some of them might choose to bring their own laptops, but others will most likely be restricted to PCs that you provide to them. Make sure they can download and send pictures from their digital cameras if they wish to.
Most of your guests will be tourists, and they will want to tour around the city they are staying at. To help them – and to ensure their safety – be ready to provide them with maps that can guide them around the city. The maps should be free. If you can, link up with a tour guide agency through which you can offer them a tour of the city.
The Best Staff for Hostel Business
The thing in common with both hotels and hostels is that their reputation hinges on the staff that serves their establishments. The same goes for your business. You need to best there is in staffing. The staff should be friendly, helpful, and with an eye for cleanliness and organization. Having these will help boost the reputation of your business greatly.
- Opening an Apartment Rental Agency
An Apartment Rental Agency business is perfect for the patient and persuasive individuals who have enough knowledge on the nature of this business including how to collect the rentals appropriately with all of the legalities related to it.
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Location - Aligarh, Uttar Pradesh, India
Land - Opposite to Engg. college, 1600 sq. yard
Please help with some good ideas for starting up. How to do the market survey before investing? What should be the important features to be incorporated? What are the legal formalities to be done? Please suggest.