Autograph Hotel Business Plan Template

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Step 1: Make a plan. Step 2: Create your Unique Value Proposition. Step 3: Develop your marketing plan. Step 4: Enquire about permits and zoning. Step 5: Raise startup capital. Step 6: Find hotel premises, build and furnish. Step 7: Recruit staff. Step 8: Put systems in place.
According to Griswold, there are 74,372 hotels, and the hotel industry generated $166.5 billion in revenue in the United States alone last year. This represents an annual growth rate of 4.7% over the past 5 years. Industry profits were $26.0 billion, and wages paid to hotel employees totaled $42.7 billion.
Explain here who wrote the plan, when and for what purpose/reason (as a commercial hotel proposal). Give contact details (address, phone, fax and e-mail) for each project member. Provide the brief details of the proposed hotel, i.e. number of rooms, lodging category, and location. Hit the highlights and key issues.
Plan Ahead. First, think of the proposal as a project in and of itself (albeit a small project). Write a Super Executive Summary. Get to the Point! Explain How You'll Achieve the Goal. Show Historic Precedent.
Set your room rates based on your competition's rates and your comparable quality level. Write the figures into a formula for determining annual revenue: (Annual occupancy rate) X (number of rooms) X (days open) X (the daily rate). Compare your anticipated income and your expenses.
In hospitality industry, budget appears as a set business plan, but also as an instrument of control efficiency. Through the operating budget, management of a hotel is able to compare planned and actual values in business in a financial year and this continuously examines the results of its operations.
Branded Cover. Include your logo (even if it's not finalized), the date, and your name. Concept. Describe your restaurant concept and get the reader excited about your idea. Sample Menu. Service. Management Team. Design. Target Market. Location.
Executive summary. Briefly tell your reader what your company is and why it will be successful. Company description. Market analysis. Organization and management. Service or product line. Marketing and sales. Funding request. Financial projections.
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