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    • What is Hotel FF&E
    • Localization of Hospitality FF&E Design
    • Future FF&E Design in Hotel Public Area
    • COVID-19's Effect on Design and Construction in the Hospitality Industry
    • Economist: Mind the Bumps on Road to Hotel Industry Recovery
    • COVID-19’s Disruption to the Supply Chain
    • Hotel Construction Gains Steam, But Investors Must Account for Supply-Chain, Labor Issues
    • US Hotel Industry Poised for ‘Longest Cycle in History’
    • Long Waits, High Shipping Costs: The Impact of the Global Supply Chain on Hotels
    • What is FF&E (Furniture, Fixtures, and Equipment)
    • Hospitality FF&E ( Furniture Fixtures and Equipment ) Manufacturer China
    • Tips for Choosing the Right Hospitality FF&E Supplier
    • How to Buy Hotel Furniture
    • 5 Factors to Consider When Choosing Furniture for Hotels
    • How to choose hospitality furniture for your hotel
    • FF&E-Most of China Interior Designers Do Not Know the Profession
    • How to Manage Your FF&E Procurement in China
    • New Fashion Color Trend of Hotel Design in 2022
    • Why do more and more young people in China prefer affordable luxury hotels
    • Why FF&E is an Important Step in Redesigning a Hotel
    • Enhance Your Hotel's Guest Experience with Smart FF&E
    • Five Things to Know Before Choosing Your FF&E Provider
    • Patterns in Hospitality: What’s in Flux Post-Pandemic
    • Is the Industry Facing a CapEx Depletion Syndrome?
    • Hotel FF&E Tariffs
    • The Present and Future of FF&E Sourcing
    • FF&E: Overview, Procurement Process & Company Picks
    • FF&E: Recent Trends in Supply Chain and Sourcing
    • Why Every Hotel Needs an FF&E Reserve
    • Hotel FF&E Procurement in a Post-COVID World
    • Hotel FF&E Costs: How Much Should I Budget
    • How to create the perfect mood board for FF&E
    • How to design a hotel style bedroom
    • What is Hospitality Interior Design
    • What is the history of FF&E and FF&E Development in China
    • How To Save The Most Money For Hotel Decoration
    • Metal or Stainless Steel Furniture
    • What Is The Difference Between Mdf And Plywood
    • Wood Furniture Production Processes & Procedures
    • How to Choose Timeless Furniture for Your Hotel
    • 5 Tips for Sustainable Hotel Furniture
    • Small but Mighty - Chair Glides for Hospitality
    • A Guide to Choosing Contract Upholstery Fabric
    • FF&E Definition and Examples in Commercial Real Estate
    • How to Arrange Furniture in a Bedroom or Living Room
    • An Essential Glossary of 40 Interior Design Terms
    • 8 Tips for Decorating Any Apartment
    • FF&E Interior Design Projects
    • US Hospitality Industry Recovery Is Uneven Across Top Markets
    • How the US Hotel Recovery Appears Different Than Past Cycles
    • Egypt Leads North African Hotel Industry Recovery
    • STR: US Hotel Demand and ADR Will Near Full Recovery in 2022
    • Hotel Forecast in Canada Upgraded After Strong Rebound
    • Owners Face Challenges with New-Build, Renovation Projects
    • UK Hoteliers Turn Attention to Industry's Rebuild at Manchester's Annual Hotel Conference
    • Gorgeous Ideas for Contemporary Interior Design Style
    • How to Choose Right Case Goods Vendor For your Hotel or Motel Business
    • 14 Ways Procure Hospitality Improves Efficacy of Hospitality Procurement Process
    • 5 Hospitality Furniture Manufacturers Trends to Watch out in 2021
    • Choosing the Right Hospitality Furniture Manufacturer for your Hotel
    • How Hotels Can Find Right FF&E Procurement Partner To Elevate Hotel Brand Value
    • Hotel Furniture Manufacturers in China
    • Hotel Furniture from China
    • Hotel Furniture Manufacturers in Foshan China
    • Hotel Furniture Design: A Beautiful Way to Stay
    • How to Source Hotel Furniture from China
    • A Ultimate Guide to Hospitality Furniture and Design
    • How to Import Hotel Furniture From China: The Definite Guide
    • How To Sell Furniture To Hotels For Business
    • How To Own A Hotel Business
    • How Much Does It Cost To Build A Small Hotel
    • How To Start A Small Hotel Business
    • 6 Basic Principles in Purchasing Hotel Furniture
    • Four Major Styles of Hotel Guest Room Furniture in China
    • How To Design A Boutique Hotel To Attract Customers
    • How To Clean Guest Room In Hotel: Easy Steps
    • How Have Environmental Trends Affected The Design Of Hotels?
    • What Is An Accessible Hotel Room?
    • What Is A Standard Hotel Room?
    • Is The Fives Hotel & Luxury Residences All Inclusive?
    • What Are Hotel Amenities
    • How To Design A Hotel Lobby
    • How Much To Start A Hotel Business
    • How To Design A Hotel Room
    • What Makes A Luxury Hotel Unique
    • How To Check For Bed Bugs In Hotel
    • How Much Does A Hotel Room Cost
    • How To Set Up A Romantic Hotel Room
    • What Is A Hotel Suite
    • How Old To Book A Hotel Room
    • How Much To Tip Hotel Bellboy
    • What Do I Look for In a Pet-Friendly Hotel
    • Why acoustics needs higher priority in hotel refurb and new build
    • How to Choose the Best Sofa for Your Living Space
    • Why Quality Furniture is Important for the Success of Your Small Business
    • Best Ways to Make the Most of Your Outdoor Space
    • Somt top signs you should consider when it comes to change your hotel furniture
    • Tips On Finding The Best Luxury Hotel Fabrics
    • How To Select The Right Fabrics For Your Furniture
    • Tips On Caring For Different Hotel Upholstery Fabric Types
    • 9 Types Of Fabric To Make Your Hotel Design Stand Out From The Rest
    • Eco-friendly And Sustainable Ideas To Add To Your Hotel’s Interior Design
    • Create Unique Experiences By Including Culture In Hotel Design
    • 4 Innovative Hotel Solutions In A Post-pandemic World
    • 4 Colour Schemes For Your Outdoor Furniture
    • 6 Benefits Of Sunbrella For Hotel Furniture Fabric
    • 8 Types Of Hotel Wallpaper For Different Uses
    • What Kind Of Upholstery Is Right For Your Hotel Lobby
    • 5 Types Of Curtains For Different Moods
    • How To Care For Luxury Hotel Upholstery
    • 4 Steps To Finding Hotel Curtains Online
    • 4 Things Every Hotel Owner Should Know About Soft Furnishings
    • Hospitality Trends: Integrating Design With Healthy Living
    • How To Choose The Best Upholstery For Your Hotel Lobby
    • 3 Tips To Choose The Best Fabrics For Your Resort
    • A Closer Look At Hotel Curtains: How To Get Them Right
    • 5 Steps To Choosing Quality Hotel Curtains & Blinds
    • What’s The Latest In Hotel Fabrics For 2022
    • Antimicrobial Fabrics For Hotels: What You Need To Know
    • Benefits Of Hiring A Soft Furnishing Consultancy Company
    • How container delays and shortages affect Chinese New Year 2022
    • Container Shipping Challenges & An Outlook for 2022
    • A Practical Guide to Hotel Appraisals
    • Supply Chain, Inflation Frustrate Hotel Recovery
    • 5 reasons why to start a business is during a recession
    • Less is More for the New F&B Strategy
    • The Investment Life Cycle of a Hotel
    • Why Should a Hotel Brand Fit a Specific Purpose
    • Hotels should get ready for the return of corporate travel
    • It's Time To Prepare the Next Generation in Lodging
    • Hotel Operators Evolve Process of Adapting to Guests' Needs
    • 10 Ways to Lose Hotel Guests Quickly-Mistakes to Avoid
    • How to Win Future Hotel Business during COVID-19
    • How To Market A Venue To Event Planners and Increase Leads
    • The Importance of Hotel Onboarding on Retaining Staff
    • 6 Tips to Effectively Manage Hotel Sales Leads
    • Hospitality Trends to Rebuild Trust During COVID-19
    • How to Build a Successful Hotel Loyalty Program
    • How To Increase Hotel Revenue Right Now
    • How to Increase Your Hotel Banquet Sales
    • How to Build A Hotel Prospect List
    • Limited Service Hotel Specific Growth Strategies
    • China National Bidding Supply Chain Brand Promotion Platform Released 2021 China Hotel Furniture Brand Comprehensive Strength List
    • The development status of China's budget hotel industry in 2020
    • 2022 Top Hospitality Industry Trends
    • Top considerations for hotel balance sheets during COVID-19 and beyond
    • Most Important Hotel Industry Trends in 2022
    • 12 Hospitality Trends to Watch in 2022
    • Ten trends set to shape hospitality industry in 2022
    • 7 Innovative Hotel Design Trends to Watch for in 2022
    • Hotel rate strategy evolution across North America in reaction to the pandemic
    • Analysis of the number of independent hotels in China, the number of guest rooms and future trends in 2020
    • Analysis of the current development status and future development direction of China's e-sports hotel industry in 2020
    • Top 10 Global Largest Hotel Chains
    • 2021 worldwide ranking of hotel groups: global leaders slow down but keep expanding their portfolios
    • Comparative analysis of the scale of China hotel industry and key enterprises in 2020
    • What Percentage of Hotel Construction Costs Should Go to Furniture
    • What are interior design specifications
    • Interior designers, please stop doing these 5 things to your employees
    • What value does the interior designer
    • How Alternative Investments Are Changing Real Estate
    • Reducing the size of hotel rooms while increasing customer value
    • The Benefits of Interior Design in the Hotel Business
    • Serviced apartments VS Hotel rooms and Residential apartments
    • Growth of Real Estate and Hospitality Industries Expected to Drive Furniture Market
    • Top Five Hospitality Design Mistakes
    • What is Housekeeping
    • 37 Accor Hotel Brands: Luxury Upscale & More
    • Hotel Construction Lending Starts Comeback After Pandemic-Induced Freeze
    • Hotel Bars Evolve To Serve Multiple Purposes
    • US Hotels Expand Homeless Programs During Pandemic
    • Why Hoteliers Can’t Avoid PIPs in 2021
    • Sustainability in FF&E
    • Properly Managing Furniture Fixtures & Equipment (FF&E)
    • FF&E: The Magic Formula for Hotel Operators
    • FF&E Procurement: Best Practices for Restaurant Owners in Saudi Arabia
    • FF&E Success = Life in the Details!
    • Planning Hotel FF&E During A Pandemic
    • FF&E: the critical contribution to a multi-billion industry
    • How To Make Your Senior Living Project Sexy And Successful
    • How to Customize Your Interiors While Maintaining Timelines and Budget
    • How Hotel Room Functionality Drives Change for Brand Standards and The Design Process
    • What are the global hotel brands doing to assist hotel owners following the outbreak of COVID 19
    • How To Manage A Small Hotel
    • How To Clean A Hotel Kettle
    • How Does A Hotel Laundry Service Work
    • How To Book A Suite In A Hotel
    • How To Make A Housekeeping Budget For A Hotel
    • How Do Digital Hotel Keys Work
    • How To Reduce Guest Theft In Hotels
    • How To Handle An Angry Guest In A Hotel
    • How Does Housekeeping Work In A Hotel
    • How Long Can You Stay In A Hotel Lobby
    • How To Clean A Hotel’s Coffee Maker
    • How Do Key Cards For Hotels Work
    • How Much Do Hotels Spend On Cleaning Supplies
    • How To Get Rid Of Ants In Hotel Rooms: Pest Control
    • How To Design A Hotel Architecture
    • How To Open A Pet Hotel Business
    • How To Design A Hotel Floor Plan
    • How To Decorate A Hotel Room Romantically
    • How Long Does It Take To Clean A Hotel Room
    • How To Clean A Hotel Jacuzzi Tub
    • How Much Do Hotels Spend On Toiletries
    • How To Fold Small Towels Like Hotels
    • How Does The Hotel Management System Works
    • How To Design Your Bedroom Like A Hotel Room
    • How To Change Input On Philips Hotel TV
    • How Do Hotel Security Deposits Work
    • How To Tuck Pillow Cases Like Hotels Do
    • How Old Should I Be To Work At A Hotel
    • How Many Rooms Are In A Small Hotel
    • How To Be A Faster Hotel Housekeeper
    • How To Get Netflix On Hotel TV
    • How To Adjust Brightness On LG Hotel TV
    • How To Connect A Router To The Hotel WiFi
    • How To Send Mail To Hotel Guest
    • How To Connect Switch To Hotel Wi-Fi
    • How To Reset Hotel LG TV Without Remote
    • How Much Is The Fairytale Signature Suite At Disneyland Hotel
    • How To Change Input On Hotel TV
    • How To Decorate A Hotel Room Romantically For A Man
    • How To Smoke In Hotel Bathrooms Without Getting Caught
    • How To Make Chromecast Work In Hotels
    • How Much Do Hotel Front Desk Agents Make
    • How To Make Your Bedroom Look Like A Hotel Suite
    • How To Start A Hotel Business Plan
    • How Do Hotels Know You Smoked In The Room
    • Can You Get Scabies From A Hotel
    • How To Get Free Hotel Upgrades With 8 Hacks
    • Can A Parent Rent A Hotel Room For A Minor
    • Why Hotel Bathrooms Don’t Have Locks
    • Are Hotels Required To Change Sheets Between Guests
    • What Do Hotels Use To Clean Bathrooms
    • Can You Smoke In A Hotel Bathroom
    • Can A Family Of 5 Stay In One Hotel Room
    • What Can I Supply To Hotels? – Top Tips For Suppliers
    • Can A Hotel Give Out Guest Information To Police
    • When To Book Hotel Block For Wedding
    • What Is Continental Breakfast In Hotel
    • What To Wear For Breakfast In A Hotel
    • Can You Drink Hotel Bathroom Tap Water
    • Do You Have To Pay For Coffee In Hotel Rooms
    • Can You Pay For A Hotel Room With Cash
    • What Are The Amenities Of A 5 Star Hotel
    • What Is A Lobby In A Hotel
    • Why Do Hotel Bathrooms Have Glass Walls
    • Can You Pay For A Hotel Room With A Check
    • Does Renter’s Insurance Cover Your Hotel Stay
    • Do Hotel Bathrooms Have Cameras
    • Can A Hotel Refuse A Guest
    • What Is A Hotel Lobby Attendant Called
    • What Does Private Bathroom Mean In A Hotel
    • What Is Guest Relations In A Hotel
    • What Are Suites In A Hotel
    • Are Hotel King Size Beds Smaller
    • Can You Rent A Hotel Room For A Few Hours
    • What Is The Most Expensive Hotel Suite In USA
    • Can You Order Food To Your Hotel Room
    • Can Hotel Management Enter My Room
    • Why Do Hotels Use Small Pillows
    • What Is A Full Breakfast At Hotels
    • What Toiletries Do Hotels Provide
    • What Are The “Guest Supplies” In Hotels
    • What Happens If You Refuse To Leave A Hotel Room
    • What Are The Amenities And Facilities Of A Hotel
    • What Mattress Do Luxury Hotels Use
    • What Hotels Do Celebrities Stay In Los Angeles
    • What Are The Best Luxury Hotels In Seattle
    • What Amenities Do Hotels Offer
    • Why Is The Grand Hotel So Expensive
    • Can You Light Candles In A Hotel Room
    • Are Hotels More Expensive On Weekends
    • How To Check Out Of A Hotel
    • What Kind Of Pillows Do Hotels Use
    • How Do Housekeepers Clean Hotel Rooms
    • Can I Use A Prepaid Credit Card For Hotel Deposit
    • Can I Cancel Hotel After Check In
    • How Many People Can Stay In A Hotel Suite
    • Can Hotel Guests Have Visitors
    • Are Hotel Queen Beds Smaller Than Regular Queen Beds
    • Are There Cameras In Hotel Rooms
    • What Are The Responsibilities Of A Housekeeper In A Hotel
    • How Much Are Extended-Stay Hotels Per Month
    • Driving Real Estate Value in Hospitality
    • Choice CEO Expects Leisure Travel To Grow Even More
    • Supplier vs vendor: what’s the difference
    • Complete Guide For Making Hotel Furniture Designs More Eco-Friendly
    • 8 Articles That Delve Into The Impact That The Global Pandemic Has Had On The Hospitality Industry
    • Omicron Threatens Hotel Performance Recovery
    • Omicron Pushes Hotel Industry to Look for Hard Lessons From Delta Variant
    • Omicron Variant Expected To Have Little Impact on US Hotel Demand
    • Omicron Shows Negligible Impact to Global Hotel Industry for Now
    • Omicron Variant So Far Just a Speed Bump for Hotel Developers
    • Hotel Industry Faces Omicron Variant With Concerns About Travel Bans
    • 2021 disruptions to the home furnishings industry
    • Furniture stress or furniture passion
    • What is FF&E When Buying a Business in 2022
    • The Consequences Of Depleted FF&E Reserve Balances
    • What Is An FF&E Liquidation Service And Why You Can Benefit From Hiring One
    • One Stop Shop – How Hotel FF&E Works
    • What Do Hotel Furniture Liquidators Do
    • How Do You Move A Hotel
    • 5 Ways a Relocation Provider Can Improve Your FF&E Installation
    • How to Maximize Your Furniture Budget
    • Senior Living Furniture
    • What is an FF&E and OS&E Budget in the Purchase of Equipment in Hotels
    • Sourcing & Supplying: What You Need To Know
    • What To Do About Your Stored Furniture
    • The Importance of Hospitality Furniture Customization And Design for High-end Hotels
    • 10 Hotel Secrets from Behind the Front Desk
    • 8 Crafty Ways to Make Your Hotel Room Feel Like Home
    • 12 Secrets of Hotel Maids
    • What are Casegoods
    • What Are Hotel Casegoods
    • 5 Ways To Upgrade Your Hotel Vanity
    • New Options For Hotel Flooring Can Save Money
    • How To Choose Hotel Flooring For Lobby Areas
    • Hotel Flooring 101 — Stylish Commercial Flooring That’s Comfortable And Durable
    • Selecting The Right Type Of Hotel Flooring
    • 8 Trends For The Hotel Industry: Hotel Flooring And More
    • The Best Hotel Flooring Options For A Safe And Comfortable Stay
    • Hotel Countertops: Reception Countertops And Hotel Bathroom Vanities
    • Hotel Bathroom Countertop And Vanity Buying Guide
    • Why Quartz Countertops Are A Popular Choice For Reception Areas And Hotel Vanity Countertops
    • The Perfect Hotel Countertop For Your Reception Area
    • Why Companies Are Switching To Hard Surface For Hotel Flooring
    • The Hottest Hotel Shower Surrounds For Any Style
    • The Benefits Of Installing Natural Stone For Your Hotel Bathroom Countertops
    • 7 Factors in Designing the Ultimate Luxury Hotel Tub Surround
    • Hotel Luxury Style
    • Hospitality Design Tips: Hotel Bathroom Vanities And More
    • Why Porcelain Tile Is Ideal For Laundry Rooms
    • 7 Design Tips for Creating a Luxurious Bath
    • 6 Faq's About Prefabricated Granite Countertops
    • How to create a luxury hotel-style bathroom
    • Bring Hotel Style to Your Bathroom Vanity
    • How to Create a Beautiful Hotel Bathroom at Home
    • How Hotels Always Create Bathrooms That Look Luxurious
    • How to Become a Lighting Designer
    • The Status And Application Of FF&E In Hotel Design
    • Why you should be investing in bespoke furniture
    • Expectations Rise for Distressed Hotel Sales in 2022
    • 5 design changes for a safer hotel environment
    • What does FF&E stands for in Interior Design
    • The Fundamentals of FF&E Purchasing
    • The Importance of Professionalism in the Hospitality Industry
    • Modular Ideal For Luxury Hotels
    • Hotels Choose Comfortable Furnishings With Edgy Design
    • FF&E Pricing Challenges Purchasing Agents
    • What is the definition of FF&E vs OS&E and Hard finishes
    • 6 Reasons To Buy Custom Wood Furniture For Your Home
    • Hotel FF&E - Where To Begin
    • What Is The Procurement Stage
    • Do I Need An Interior Designer Or An FF&E Designer
    • How Much To Budget For FF&E
    • Who Should Be Considering FF&E Services
    • What Is Modern Luxury Interior Design
    • The Importance Of Having Specialist Consultants Assisting Across Your Luxury Interior Design Project
    • 12 Travel Industry Trends That Hoteliers Need To Be Aware Of For 2022
    • How Can Hospitality Leaders Learn from the Past
    • 7 restaurant technology trends to watch in 2022
    • How To Increase Group Bookings For Hotels
    • What You Can Do To Reduce Hospitality Employee Turnover
    • 5 Ways To Increase Business Travel at Your Hotel in 2022
    • Franchise or Independent: What Hotel Structure is Right For You
    • How To Save Time And Money On Hotel Renovations
    • Hotel Guest Room Design and Color: Telling the Right Story to Reach the Right Clientele
    • Where Does Hotel Furniture Go After A Renovation Or Remodel
    • Top 25 Need-to-Know Hotel Design Terms
    • How to Design the Perfect Guest Room
    • Imaginative Design Trends That Will Keep Your Hotel Pushing Forward Despite COVID-19
    • How To Keep Your Hotel Afloat Amid The Pandemic
    • The Ultimate Guide To Post-COVID Hotel Financing
    • What Hotel Guest Room Design Has To Do With Cleanliness Perceptions
    • The paradox between deforestation and the perpetuity of the wooden furniture industry
    • How To Create A Cosy Master Bedroom
    • 5 Reason’s Why Bespoke Furniture Is The Right Choice
    • 2022 Hotel Forecasts Optimistic For Now
    • 5 Questions for the US Hotel Industry in 2022
    • Why Do Business in Vietnam: Benefits Vs. Challenges
    • Why Professional Spy Equipments are needed for the Hotels Security
    • TOP 6 interior design trends in 2022 will be popular everywhere
    • How to Buy Commercial Real Estate – A Beginner’s Guide
    • Why 2022 could be the best year for UK Hospitality
    • Floors for Hotels - Selection Guide
    • Inflation and Commercial Real Estate
    • How to Frame a Mirror: 6 Types of Mirror Frames
    • Seeking Consumers Turn To Warmer Colors In Home Design For 2022
    • These Are The Top 8 Interior Design Trends For 2022
    • Why Curvy Furniture Is The Big Trend In Design For 2022
    • How To Put The Sofa And Other Decorations In The Living Room Together To Look Good
    • Home Decor Tips
    • Why Choose Zero-Formaldehyde Furniture
    • 8 Key Points Of Furniture Factory Management
    • Color Brings The Furniture Back To Nature
    • What Are The Precautions For Custom Design Of Home Furniture
    • Briefly Introduce The Style Classification Of Furniture
    • Daily Care Tips For Fabric Sofas
    • Five Points To See When Buying A Sofa
    • How To Put The Sofa
    • How To Choose The Comfort Of The Chair
    • Three-Seat Sofa Standard Size
    • What Are The Benefits Of Custom Bookcases
    • How To Maintenance Your Lovely Furniture
    • FF&E In Real Estate: A Guide To Furniture, Fixtures & Equipment
    • 2022 Colors of the Year Bring 'Fresh Start' to Hotel Design
    • Hotel Industry Faces Short-Term and Long-Term Disruptions With Events
    • What is human-centred design
    • Gorgeous Custom Furniture Ideas
    • Custom Made Furniture: Preferred for Comfort and Quality
    • Custom Furniture Design: What to Know
    • Analysis Of China Custom Furniture Market Size And Industry Competition Pattern In 2022
    • Analysis Of The Status Quo And Future Development Trend Of China's Furniture Industry In 2021
    • Analysis Of The Development Status Of China's Custom Furniture Industry In 2021
    • Analysis Of The Current Situation And Future Development Of China's Sofa Market In 2020
    • Analysis Of The Business Model Of China's Upholstered Furniture Industry In 2020
    • Comparative Analysis Of The Operation Status And Key Enterprises Of China's Furniture Manufacturing Industry In 2021: Suofeiya Home Collection Vs Oppein Home
    • Analysis Of The Status Quo Of China's Custom Furniture Industry In 2021
    • Factors to Consider When Purchasing New Furniture for Your Restaurant
    • 5 Things to Look For When Buying Chests, Dressers, and Cabinets
    • Custom Furniture for Living Room: Create the Perfect Look for Your Space
    • An detailed overview of custom furniture and design
    • Custom furniture for sale: you need to know
    • Data-Driven Hotel Design Expands Profits and Guest Experiences
    • Pushed Back at Height of Pandemic, Hotel Renovations Now Face Supply Chain Delays
    • Global Luxury Hotel Performance Shows Clear Winners and Losers
    • High cost of running boutique hotels in China
    • California Hotel Development Bounces Back
    • US Hotel Recovery Continues With Higher Rates but Meandering Occupancy
    • Hotel Operators Share Current State of Staffing
    • US Hotel Occupancy Dips Below 50% for Second Week of January 2022
    • US Hotel Occupancy Dips Below 50% for Second Week of January 2022
    • 5 things to consider when designing a Restaurant
    • Commercial Interior Design & Hospitality Design
    • How Much Does it Cost to Open a Restaurant
    • Decorator Or FF&E Interior Designer
    • The Importance Of The Mock Up Room
    • What Exactly Is An FF&E Designer
    • The Future Of Healthcare Design
    • FF&E COVID delays can cause install headaches
    • Are Kitchen Cabinets Considered Furniture Or Fixtures
    • Why sustainable procurement is key to the circular economy
    • Hotels & Hospitality – Stress To Distress
    • Buying in a Pandemic
    • The five keys to successfully negotiating an off-plan hotel lease for hotel owners
    • How hotel furniture look luxury high end
    • How to Maintain Hotel Furniture for 10+ Years
    • How are Hotels Adapting and Innovating During COVID-19
    • Furniture & Furnishing Industry in Hong Kong
    • China Furniture Market
    • Everything You Need to Know About Hotel Interior Design
    • What Do Hotel Star Ratings Mean
    • How To Purchase The Right Furniture For Your Restaurant
    • How can restaurant raise capital amid the pandemic
    • Hotel Positions: An Overview of 29 Positions Within a Hotel
    • How to Start a Hotel Business in 2022 (+Cost and Business Plan)
    • 100 Hotel Trends You Need to Watch in 2022 & Beyond
    • Hotel Star Ratings : What Do They Mean
    • How to furnish your terrace with the right restaurant tables and chairs
    • Why Bamboo Furniture Is Ideal For The Hospitality Industry In Spain
    • Why Is Interior Design Important In Hospitality
    • Important Features of a Good Furniture Purchase for a Hotel
    • Bathroom Vanities – The Boon You Always Hoped For
    • Hotels Are Mixing It Up To Aid Post-pandemic Recovery
    • Why You Need a Commercial Renovation Service
    • How to include furniture with cultural influence in hotels
    • What is Hospitality Procurement
    • Hotel industry recovering, but unevenly
    • The Ultimate Buying Guide for Outdoor Furniture
    • A Guide for Different Types of Home Furniture
    • Top 10 Interior Design Trends for 2022
    • Sofa Materials - Fabric Vs Leather Sofas
    • How to Look For a Quality Sofa for Your Home
    • Tips For Buying A Sectional Sofa
    • How to Choose the Right Sofa for Your Home
    • The Complete Guide To Table Sizes
    • A Complete Guide To All The Types Of Furniture Styles
    • Sectional Vs Sofa : What's The Difference?
    • How do you figure out your furniture style
    • 5 Ways to Decorate your College Dorm
    • 5 Factors To Consider When Purchasing Hospitality FF&E (Furniture, Fixtures & Equipment)
    • Hotels Remodeling & Renovations
    • The Benefits of FF&E Services For The Hotel Industry
    • Top 10 Hospitality Furniture Trends in 2022
    • Fastest Growing Hotel Design Trends For 2022
    • What Hotels Can Expect From Travel In 2022
    • How To Select Outdoor Pillows & Hotel Soft Furnishings
    • Transform Your Interior With These Hotel Wallpaper & Wall Decor Designs
    • Change Your View Of 2022 With These Window Treatment Trends
    • 9 Common Types of Showerheads for Any Bathroom
    • The Advantages Of 5 Different Styles Of Bathroom Cabinets
    • How to Choose Fine Furniture for a Hotel Room
    • How to Choose a Quality Restaurant Tables and Chairs
    • How Restaurant Interior Design Influences Your Guest’s Experience
    • 5 Hotel Interior Design Trends in 2022
    • What is a Boutique Hotel
    • Top interior design trends 2022
    • Intro to FF&E Process for Hotels, Senior Living, Dorms and More
    • Hotel Furniture Buying Guide: Everything You Need to Know
    • What is key in design
    • What Is FF&E, and Why Does It Matter in Real Estate
    • How to avoid buying uncomfortable furniture for your hospitality business
    • Is It Time to Get New Restaurant Chairs
    • Thinking About FF&E Services For The Hotel Industry
    • The Ultimate Guide To Interior Design Project Management
    • What To Consider About Outdoor Furniture For Your Guests
    • FF&E Consultant Vs Furniture Supplier
    • How to Buy Metal Restaurant Furniture
    • How to Choose Commercial Restaurant Furniture
    • The Rising Trend of Luxury Hotel Residences
    • Everything You Need to Know About Patio Furniture
    • Custom Made Bar Stools: Choosing the Best One
    • 10 Things To Consider When Buying Custom Furniture
    • Custom Outdoor Furniture: Things to Consider When Choosing One
    • 2022 Insights: Interior Design Trends that Sell!
    • 9 Hotel Interior Design Tips From Industry Experts
    • How Does Hotel Design Affect Your Guests’ Well-being
    • 4 Tips for Building A Great Hotel Sales Team
    • What’s The Future Of Hotel Sustainability
    • 9 Hot Hospitality Marketing Trends
    • What Is Hotel Revenue Management
    • 5 Ways To Make The Most Out Of Small Hotel Rooms
    • 10 Simple Ways to Increase Hotel Sales
    • How do I choose durable pub furniture
    • How do you refurbish a table
    • What size bar stool is best for my bar
    • How to modernise your holiday park furniture
    • What makes a good wooden chair
    • Ten Tips for Hotel Lobby Design
    • How to Choose Timeless Furniture for your Hotel
    • 4 Ways to Create Beautiful Spaces with Artificial Light
    • The Hottest Up And Coming Vertical: Active Adult
    • The Hotel Renovation Era In The 21st Century
    • Furniture Design In Modern Concepts
    • What Is A Luxury Hotel Table In Furniture Factory
    • How to Find the Perfect Commercial Lounge Furniture
    • Bar Furniture for Restaurants – What to Consider
    • 6 Things to Consider When Choosing A Hotel Furniture Manufacturer
    • Bar Furniture Ideas and Inspirations
    • The Art Of Decorating In Black & White
    • Decorating For Summer 2022? Try These Ideas
    • Elevate Your Space With The Right Window Treatment In 2022
    • How To Add The Tropical Island Feel To Your Hotel Or Resort
    • What Is Boutique Hospitality
    • Leather Furniture Care: Maintaining Your Hotel Furniture
    • Cushion Care: Maintaining Hotel Furniture Cushion Upholstery
    • 4 Essential Steps In Opening a Restaurant
    • Does Your Hotel's Design Tell a Story
    • How Experiential Design Is Changing The Hotel Industry
    • Commercial Interior Design: Tips For A Successful Project
    • How To Choose A Design Manager To Benefit Your Project?
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​If you’ve ever wondered how to start a hotel business, you’re in good company. Today, in a world where anyone can become a hotelier by uploading their property on Airbnb, the hotel dream is alive and thriving but the global pandemic has made it more important than ever for upstart hoteliers to be diligent and strategic when launching their entrepreneurial journeys.  Despite the challenges we face in the pandemic, they will pass in time and it’s never been simpler to turn that dream of starting a new hotel business into a reality!

But living the dream is easier said than done.

The growth of Airbnb has made for a hyper-competitive environment that requires a thoughtful, thorough approach. There’s a lot more that you need to do if you want to build a business and not just a hobby. It takes a ton of time to build up enough cash to scale your business when you’re going property by property, unit by unit. To grow wealth faster as a hotel entrepreneur, you’ll need to take more risks and make bigger bets.

Every month thousands of hotel management companies, independent property owners and hotel brands leverage Hotel Tech Report to find the latest technologies to help run their properties.  We reached out to more than 50 hotel owners to ask them about their journeys, struggles and lessons learned along the way.

As you plan to open a successful new hotel business, the insights from these entrepreneurs will help shape your journey.  You’ll need to take concrete steps to plan the best approach to starting your hotel business. The path starts here. We’ve put together a high-level guide to getting started with a hotel business. Step by step, we’ll show you how to mitigate the risks of starting a new hotel business in today's hyper-competitive market.

By planning carefully, being strategic and empowering your operation with the right technology, you can turn your hotel business idea from dream to reality!

What's in this guide?
1. Hotel owner survey

2. Hotel startup costs

3. Benefits of owning a hotel

4. Lessons from successful hotel owners

5. 6 steps to hotel ownership

6. In-depth hotel owner interview

7. Running a hotel in the age of Covid
Hotel Owner Survey Results
If it’s your dream to open a hotel one day this article is for you.  When most people think about hotel owners they think about billionaire magnates like Conrad Hilton or J. Willard Marriott but in reality owning a hotel is actually not so different from opening a retail shop or convenience store.  Hotel management do require a bit more capital but they are much more profitable and sale-able than other small businesses.  Here’s a bit about the hoteliers we interviewed for this article:
  • 90% of respondents own a single hotel like a boutique hotel or bed and breakfast
  • 70% of respondents own a hotel between 11-50 rooms
  • Top 3 funding sources: bank loan, savings and friends/family investment
  • Average time owning a hotel is 6.4 years so they have significant experience to share but generally aren’t lifelong hotel owners
How Much Does it Cost to Start a Hotel?
The cost to start a hotel business obviously varies based on tons of variables such as:
  • Location: places like New York City are much more expensive than somewhere like New Delhi, for example
  • Quality: obviously a five star resort is much more expensive than a roadside motel
  • Size: the number of rooms, restaurants, meeting spaces, etc. all have massive impacts on cost
​Despite the hotel startup costs varying dramatically, there are some data points that we can take into consideration when factoring for a "typical" hotel.  Data from hospitality consulting firm HVS shows that ground up construction of a full-service hotel typically costs $323,500 "per key" (or per room).  Again, this is for a lifestyle full-service hotel so it's not the cost of a 10 room bed and breakfast, for example.  That figure breaks out into 5 buckets:
  • Land: $33,900 (10%); this includes real estate cost
  • Building/Construction:  $221,500 (66%); naturally building and construction is the largest budget item.  Owners typically secure construction loans in order to fund the project before the cash flow comes in.
  • Soft Costs: $41,800 (12%); these include everything non-construction related like designers, architects, lawyers, insurance, permits and taxes.
  • FF&E: $29,100 (9%); FF&E stands for "Furniture, Fixtures & Equipment" and includes anything that's movable in the building desks, computers, electronic equipment tables...well you get the idea.  FF&E is also sometimes referred to as "hard costs"
  • Pre-Opening & Working Capital: $10,700 (3%); you'll need to hire staff ahead of opening so pre-opening expenses fund salaries before the operation goes live and revenue starts flowing in to fund the day-to-day.
Benefits of Starting a Hotel (According to Real Owners)
Rather than list out the benefits of starting a hotel business, we wanted to share some of the responses we got from hotel owners around the world who helped us with this article.  Generally, hotel owners love to meet new people who travel to their properties and thrive on positive feedback about the experience that they deliver to guests.  They also tend to enjoy a more flexible lifestyle that doesn’t involve 9-5 desk work.  Here’s what they had to say:
​“I would say the two things I love most about owning a hotel are: the freedom of lifestyle it affords me and meeting interesting people/guests who I would have never ordinarily met” ~David Duron, Owner at Lemon Beach Resort in Ghana

“The first aspect is being self-employed and meeting positive people every day. We love people and enjoy being around them. The second aspect is the possibility to try different strategies and new technologies to achieve success. The most fun is to discover the place again and again where your guests have never been.” ~Janis Stepins, Owner at Karlamuiza in Latvia

“It’s literally a dream come true when you see your own design being built and executed exactly in the way you have envisioned it. In my case, coming from a background in technology startups, my philosophy still is to move fast and frugal. So when you own a hotel, you have full control to run it very agile and effectively see how your decision and execution affect the performance. But in the end it’s most rewarding to seeing guests enjoy their stay, especially as we put a lot of our own personality into our places. What’s also really special, is to see the team feeling proud to be involved in the business and truly care about it as if it’s their own house.” ~Fay Li, Owner at Beyond Boutique Villas in Bali
Lessons from Successful Hotel Owners

Akino West,  Copper Door Bed & Breakfast: “Really focus on developing a great marketing plan and revenue management strategy so that you can continue growing the business and refining over time.  Hotel marketing often gets overlooked but it's what differentiates you from the competition.  Have a well thought out business plan, connect with other hotel owners and learn from your mistakes."

David Duron, Lemon Beach Resort: “I wish I spent much more time selecting the right property and restaurant management systems.  Those are at the core of everything we do and it’s a huge decision that we didn’t take seriously enough when we first started.  Buffer your market research.  Whatever business plan you have, always add 30% of extra costs and 30% of extra time for building it. Then you will not be surprised"

Leonard Pinger, Pinger Hotels: “Get versed in revenue management and dynamic pricing systems.  If you start a hotel with flat or seasonal pricing in this day and age you are almost surely destined to fail.  Many owners choose location based on passion (places they love) or opportunity (wherever they can buy).  Before you start your search, do a comprehensive analysis of the location and local real estate market.  If there is too much supply or too little demand, it’s going to be a very difficult road no matter how good your product is"

Fay Li, Beyond Suites: “Build from scratch. For our first hotel, we chose to innovate and upgrade and existing property. And even though it performs very successfully from the very start up until today, we did learn a lot about how some people take shortcuts in quality during development. Luckily we had calculated that anything potentially could need to be replaced and we used almost all that budget. That’s where we learned that design and quality are most important. Also finding the perfect person who has a local operations background is worth the time, effort and salary. As they say, the first solid blow is half the battle.  Things like management styles and operational efficiency can be learnt and improved over time. So that’s something you can adjust or even reinvent at any time necessary. Even your interior design, decoration style and what’s on the menu can be updated or upgrade whenever needed. But that can’t be said for the design of your place and the location. These are things to focus on hardest as there's no way back. And even then, some of the best looking places in the wrong spot fail. So it sounds like a cliché, but it truly is: location, location, location. Besides that, use as much local expertise as you can as it will make operation much easier and it’s important to respect the community"
STEP-BY-STEP GUIDE

Step 1: Do You Want to Build or Buy?
Your first decision is whether to find a hotel for sale or to develop one from scratch. When we asked our hotel owners whether they would prefer to build a new hotel or buy an existing one for their next property 72% told us that they’d prefer to build a new one.  This was surprising to us because building is always riskier and more capital intensive.

Hotel acquisitions are lower risk because there’s a past performance history and you know what you’re getting: a turnkey hotel business that’s already generating cash. You also avoid the time-intensive logistics of getting permits, designing the space, and building out the property. Not to mention a valuable database of past guests and a staff that’s already trained and familiar with the property.

On the flipside, developing your own property gives you more control over building the experience from the ground up. New hotel developments can also produce more profit  long-term than buying an existing hotel. Generally speaking, once completed you’ll have an opportunity to make more money because you took on more risk -- including the potential for a future windfall if you ever sell. But it’s also much riskier because your cash will be tied up for an extended period of time with no income.

When deciding whether to build or buy a hotel for sale, you’ll need a strong market analysis to verify the positive market trends supporting new hotel developments. You’ll also want to evaluate any existing properties for potential efficiencies, such as adding new technology to streamline operations and improve bottom-line profitability. These efficiencies allow you to capture more profit from that existing hotel, making it a much better investment than it would be otherwise.
Step 2: Analyze The Data And Determine Feasibility
Once you’ve chosen to buy or build, the next step is to make sure that the numbers work. The numbers will tell you how much capital you'll need, how much that capital will cost, how long it will take to turn a profit, and what the potential upside is to you, as the operator/owner/investor.

A feasibility analysis includes:
  1. A financial model. Model the financial inputs and determine how much capital you need. How much will the build out cost (or the purchase of a hotel for sale)? What rates can you realistically expect to get, and at what average occupancy rate? Will you be able to increase your rate over time, once your hotel has been established? This is where you call out the assumptions that underpin the rest of your feasibility analysis.  Remember to consider the implications of various corporate tax structures when building your model.  Many hotel owners choose to run as an LLC in order to limit legal risk and for tax purposes.
  2. A pro forma. The pro forma includes your balance sheet, income statement and cash flow statement to show how You foresee the investment for farming. This includes your forecasted income and expenses over time so you can project cash flow and see how long it will take to turn a profit. The pro forma accounts for your front-loaded expenses within the context of a longer term forecast so investors can see the business’ potential. 
  3. Capital sources. Of course, you’ll also need to figure out where you’ll get your capital. Will you get investors like friends and family, go to a bank or pull from your own savings? Or maybe it’s a mix of all three.  you need to lay this out clearly to be sure that you have access to enough capital to cover the costs of your financial model.
​The final piece is to carefully consider your profitability projections, especially as they relate to the cost of capital. Calculate how much your capital costs and then be sure that your pro forma shows that you’ll make enough profit to compensate for the risk.
Step 3: Create A Hotel Business Plan
Now that you have a handle on your financial projections, now it's time to make a hotel business plan. This is the plan for how you’ll launch, promote and operate your new business. Without a persuasive plan, it's going to be nearly impossible to secure investment -- especially if you're going through traditional institutions such as banks, which have more stringent requirements.

So what should you include in your hotel business plan? In general, an effective business plan evaluates the strengths, weaknesses, opportunities and threats (also known as a SWOT analysis) for different areas of your business. It also makes the case as to how your hotel business fits into the local market and broader industry trends. Ultimately, it’s a storytelling document so try to avoid the trap of overly formalizing everything. The temptation to “business speak” is real!

Specifically, the plan should include:
  1. Executive summary. This is the high-level overview of your hotel business plan. It should be a quick and concise view into the most important elements.
  2. Brand positioning. Tell the story of your brand. What is your concept? What does it stand for? Who is it targeted to? How does it fill a gap in the local market? Also work including is a bit about your objectives -- revenue targets, occupancy rate profitability date, etc. 
  3. Market analysis. This analysis should be done at two levels: your local market and the broader industry. Show the local market travel patterns and put broader industry trends into context so potential investors understand the market sizing and potential for future growth.
  4. Competitor analysis. Clearly outline your competitors. Be honest and don’t hold back. Investors will cop to any glaring omissions. Highlight your understanding of who your hotel competes directly with to highlight your savvy to potential investors.
  5. Guest segmentation. Expand upon the demographic targets from the brand positioning section. Who is the hotel for? Be as specific and detailed as possible here, including any personas and the addressable market of your target market. For example, if your boutique business hotel will target Millennial travelers, show how large this segment is.  Understanding guest personas is absolutely key to creating a successful hotel and is often under-appreciated.
  6. Strategic plan. Explain your strategies around marketing, distribution and revenue management. This is where you'll convince investors that you have a sound plan to connect with customers, manage your inventory, and maximize your revenue.
  7. Operations plan. Provide a detailed look at how you operate the hotel, including the types of technology that she'll use, how you will hire, what roles you will need to fill,  your service standards, and any other relevant operations info.
  8. Financial plan. Include your pro forma to outline forecasts and profit potential.
  9. The team. Sell your management team! Investors are looking at the management team’s ability to execute the vision laid out in the plan.
  10. Milestones. A timeline of relevant milestones, from initial permitting to build out to staffing, grand opening, and eventual profitability.
  11. Appendix. The end of the plan is where you'll put any additional information or supporting documentation. Push anything that’s too complex here so that you can focus on the most important strategic highlights elsewhere. Remember that the objective is to secure investment so the plan should be edited accordingly.
Step 4: Create Your Digital Presence and Distribution Strategy
Once you get to this stage, it means that you've secured financing and you're moving towards building your own line strategies for building your business. Exciting but also scary.

To start, you'll need to create your hotel website. This is your calling card to the world! It should be a modern website, designed and optimized for eCommerce, with its own booking engine that works across all devices. As the center of your direct booking strategy, you want your website to work well and help you capture as many commission-free bookings as you can!

You’ll also need to get listed on third-party sites, like Booking.com, Expedia, TripAdvisor, and others. You’ll need to craft an engaging profile with on-brand descriptions and captivating imagery. Great profiles are proven to bring more bookings, so invest the time and don’t rush through it!

Be sure to also claim your social media handles on Facebook, Twitter and Instagram. Even if you don't plan to use all those platforms, be sure to secure as many handles as you can to prevent squatters!

Finally, you want to interview different PR agencies to promote your property. Early on, you’ll want to raise awareness about your upcoming opening with relevant travel agents and news media. This is the kind of early digital buzz that can lead to a successful opening. Once you have your website up, and your social media handles locked in, put your PR agency to work.
Step 5: Pre-Opening Strategies
As more properties and brands enter an already-crowded market, differentiating on experience takes center stage. You absolutely *must* deliver an exceptional guest experience that earns great reviews and helps your new property stand out in a crowded field.

Use the time during construction wisely to set your hotel's operations up the right way from the get go. Three key pre-opening strategies are your staffing, operations and technology plans.

First is your hiring plan: which roles are hiring for, how you will fill those roles, what’s the timeline for staffing up and how will you train them prior to opening. Given the inherent unpredictability of the build-out phase, it’s never easy to know when to hire key roles, such as the GM and the director of sales and marketing.
  • GM: around 12 months before opening to start planning the operational framework for the hotel, select other key hires, build a training program, and craft a launch plan. 
  • Directors of Sales/Marketing and Finance: around 8 months before opening to begin plotting the path to profitability.
  • Director of Engineering/Facilities: around 10 months before opening so there's enough time to become familiar with the building and its equipment.
​Second, you must create the operations blueprint for the hotel. This is where you plan out how each element works together, including the standard operating procedures (SOPs) that structure the hotel for consistency and predictability. At this phase, you’ll want to work on things like:
  • Brand standards. Set the standards for how your brand is represented to the public, including room cleanliness, staff/guest interactions, service recovery and communications guidelines, among others. 
  • Checklists. Operationalize each process into a corresponding checklist. This makes for stronger consistency, easier training and will also be handy inputs for your software tools. 
  • Legal. Are you protecting your investment with the right legal documentation? Do you have the right employment contracts in place? What about contracts for buyouts, preventive maintenance, or other commercial relationships? 
  • HR policy. How you hire, fire, and retain employees says a lot about your business. You'll also need job descriptions, a standardized interview process, and a plan to manage the inevitable interpersonal conflicts.
​Third, you must set up your property with hotel software that enables smarter, leaner operations. In partnership with your key hires, evaluate software according to form (is it easy to use?), function (does it do what we need it to do?), and budget (can we afford it?).  36.4% of the hotel owners that we interviewed for this article said that setting up the right IT and technology systems was the most difficult part about opening their hotel.

Here’s the basic tech stack that every hotel absolutely needs to run a profitable business no matter the number of rooms:
  • Property Management System: this is the core operating system of your hotel.  It’s the place that manages live inventory and powers all of the other systems you use.  The PMS is what your front desk agents use every day to check guests in. 
  • Hotel Website: Many small hotels still choose to rely solely on OTAs and travel agent partners for bookings.  This is a huge and costly mistake.  Your direct channel is most profitable and hotels without a dedicated website lose trust in the eyes of guests.  At minimum, create a website that acts as your hotel’s digital brochure for prospects to learn about the property.  If you really want to win in direct you’ll need an agency partner.
  • Booking Engine: This is the equivalent of the hotel industry’s “shopping cart”.  Shockingly, many smaller hotel websites even today require guests to inquire for bookings.  These hotels are missing massive opportunities and rarely succeed.  A booking engine makes live inventory from your Property Management System (PMS) available to book from your website.
  • Reputation Management Software: Reputation is everything in today’s world.  50 years ago travelers only relied on travel agents and brands to select hotels.  Today, guests look to places like TripAdvisor, Google and OTAs to see what guests like them are saying.  Online reputation software enables you to establish and maintain a presence on these third parties to make sure your hotel is getting found.
  • Channel Manager: You want to list inventory on as many relevant channels as possible but don’t want to spend all day changing rates and managing availability.  Channel managers allow you to automate these connections and ensure that once you’re found on third parties, that your property is bookable.
  • Commercial Wi-Fi: Unless your property is positioned as an “off the grid” type of experience, good luck getting guests to come back without WiFi.
  • Rate Shopping Tool: How you price your hotel should change as market conditions evolve.  Getting signals from the local competition can help inform your strategy.  A rate shop tool will scrape third party websites and give you pricing intelligence in real time that you can act on to win more guests.
  • Revenue Management Software: Gone are the days of seasonal flat pricing.  Well, at least the hotels who still price like this will soon be gone.  Price too high and your guests book with the competition, price too low and you’re losing revenue.  RMS tools use machine learning to help you price rooms without the guesswork.
  • Staff Collaboration Software: For the smallest properties (5 rooms and under) a simple Slack channel or Trello board might do.  But even small properties can have complex operations when it comes to servicing guest requests, maintaining a property and managing workflows between shifts.  Specialized hotel operations software is highly recommended for almost any hotel size.
Step 6: Throw A Killer Opening Party
At long last, it's time to revel in the fruits of your labor: an opening party! This is certainly a moment worth celebrating alongside friends, family, colleagues and investors -- and also with influencers that can amplify your hotel launch.

One approach to launch is to have a private “soft opening” party for a limited group of friends and family. This allows you to test out the space and get a feel for hosting events there. Then, once you work out the kinks, you open up the doors to an “official” launch party that includes influencers, VIPs and other locals.

As you plan the big night, give your party a theme and dream up some Instagram-worthy backdrops. Some other elements of a killer opening party:
  • Press. Work with your PR  agency to ensure that you have all relevant local press in attendance, as well as any other outlets that may be interested
  • Influencers. In addition to journalists, collaborate with your PR agency to identify some local influencers to invite. Nearly every city has lifestyle, food, and travel influencers that can put your hotel in front of a broad audience for a minimal investment.
  • Event planners. Your sales and marketing team should also take advantage of the launch to invite event planners to come experience the space in person.  This is a great way to jumpstart the relationship with potential prospects!
  • Entertainment. Book some live entertainment that brings your space to life and aligns with your brand promise. Live music or other entertainment  is also a nice enticement for people to post to social media during the party.
  • Food and drink. Of course, it's not a party without delicious food and drink! If your property has its own F&B, the opening party is also a great way to introduce the new offering to the community.
  • Giveaways. Mark the occasion by giving away a few stays and some swag. These are small moves that add up to big impressions for a new hotel. 
  • Photographer. It's a worthwhile investment to mark the occasion with a professional photographer. You can use these photos on your social media accounts and to share with event goers.
  • Photo booth. You might also want to have a photobooth that's connected to social media so that you can encourage attendees to take funny photos and share them online, creating a direct line to some complimentary advertising.
​To amplify your opening, consider adding a paid advertising campaign and some exclusive, limited-time only promotions to celebrate the launch. These are great ways to get people through the door to experience the hotel and start building word-of-mouth.
Hotel Owner Interview Spotlight with Marius Donhauser
Marius Donhauser comes from a family of hoteliers and is the owner of Der Salzburger Hof hotel.  While running his hotel, Marius noticed dozens of opportunities for growing efficiency and delivering a better guest experience that were slipping through his fingers without the right hotel operations software in place and decided to create hotelkit.  Marius has come a long way since first piloting hotelkit at his property and has works with more than 1,000 properties globally.  As a hotel owner who also helps thousands of other hotel owners, Marius is a wealth of knowledge for anybody looking to start a hotel business.
What’s one thing that you know now but you wish you knew before running your own hotel?

I come from a family of hoteliers. We have been working in the hospitality industry for generations. So, I like to think I knew quite well what I was “signing up for”. I certainly didn’t blindly throw myself into this business. I was prepared to be open-minded. After all, hospitality is one of the most fluid and rapidly changing industries. What I did not anticipate was that most hotels were still stuck in the paper and post-it era when it came to managing daily tasks. With digital solutions taking hold nearly everywhere else, so many opportunities to simplify operations were not taken into consideration at all by the hotel industry. How could it be that, in 2012, we had successfully landed another Mars Rover, but major hotels were still writing handovers and to-do lists on paper? In summary, I really underestimated the lack of innovation in internal processes at the industry’s core. Hotel owners themselves have to drive change in their organization and get everyone on board. Basically, I wish I’d had a software like hotelkit from day one.

What is the most important skill that a hotel owner must have?

You’ve got to have the common touch to succeed at managing diverse hotel staff. As a hotel owner, you need to be able to work well with people from all walks of life. Your teams will not be made up of only people who are just like you. Or even of people who are sort of on your wavelength. In fact, having uniform teams would be counterproductive! Therefore, the most important skill a hotel owner must have is to understand how to be the linking part between different groups and people, to understand their needs and be open-minded. In the end, diverse teams make for the best results!

What personality traits differentiate average hotel owners from great hotel owners?

It’s nice to be nice, but just being a pleasant host is not nearly enough. A great hotel owner is an allrounder with a good grasp of many concepts, including marketing, sales, revenue management, design or innovation management and being tech savvy is not a disadvantage. Moreover, great hotel owners are not afraid to work with people who are better skilled than themselves or with people who are true unconventional thinkers. Great hotel owners know how to deal with constructive criticism. After all, innovation and revolutionary developments are never spearheaded by conformists and yea-sayers.
Running a Hotel During Covid with Jens Peter Tang Dalsgaard
Our small beach-side resort on Siquijor Island in the central Philippines got hit like everyone else by covid-19. All of a sudden no or only few guests, little or no income. How to handle our largest setback since opening in 2012 in a good way? This is after all our livelihood.

Our strategy has from day 1 been one of no staff layoffs, staying open, doing renovations and upgrading facilities, going greener and eco-friendlier, while riding it out and anticipating recovery. Our staff have no job alternatives and there is no government support for them or us. They stood by us in good times and we stand by them in bad times, using the last couple of years’ good earnings and savings to support all.

We are lucky to have built a solid buffer to withstand a crisis and that, with hindsight, is a major lesson: keep a very healthy cash-flow balance and probably more cash in the bank than most bankers or financiers would normally advise. Don’t get ahead of yourself in terms of growth and expansion. There are fat years and lean years.
We focus on the 4th bottom line – purpose – apart from the usual triple bottom line of social, environmental and financial concerns. The 4th bottom line is about the more human and existential aspects of business: the purpose of one's work and what one seeks to accomplish. What motivates and gives deeper meaning and joy beyond the immediate, short-term gratification and fulfilment from creating and running a business? It is about integrity and doing the right thing. It is about care, compassion and humanity. Not least in a covid-era.

Some context: The Island was until covid-19 one of the faster growing international tourist destinations in Southeast Asia, with visitor arrivals increasing almost eightfold from around 112,000 in 2010 to 860,000 in 2018 and 49% year-on-year growth in 2018[1]. Big changes for an island of around 100,000 inhabitants known for its relatively unspoiled environment, charm and mysticism, and for its friendly and hospitable people the Siquijodnons.

Many Siquijodnons have moved from artisanal fishing and farming into the tourism sector and sub-sectors on an island that in the past offered little alternative livelihood options and saw high unemployment rates. Covid-19 will trigger a return to some of this. We have 25 local staff, mostly women. Mostly uneducated from simple and poor fisherfolk backgrounds. Many are single mothers and responsible for feeding children and family. They are more than just staff. They are part and parcel of our family-business.

There are still no reported covid-19 cases on Siquijor Island. Once travel gradually resumes, probably with local and national tourism first, we will use social media to advertise. The Philippines is huge on Facebook and Instagram. We will have basic health measures in place including thermometer guns, masks and hand sanitizers, and will reinforce social distancing rules etc. We are keeping our website fresh with frequent updates on the evolving covid-19 situation. And we now more than ever emphasize “travel with compassion and care” and giving something back to the community.
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With these insights, you're well on your way to knowing how to start a hotel business.  It’s most definitely an involved process that’s not for the faint of heart. If you’ve got that itch for hospitality, sometimes you just have to scratch it!

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How much does it cost to start a hotel business?

The cost to open a small hotel in the United States is around $1,000,000, and the average cost to open a 115-room hotel is around $22,000,000. The initial cost might include the purchase price of land or an existing building, construction costs, furnishings and decor, licenses and permits, franchise or management fees, marketing expenses, and staff wages.

 

How much money do you make owning a hotel?

Hotel owners must first pay their staff, franchise or management fees, mortgage payments, and taxes before taking their cut.  A well run hotel should typically run ~25-40% EBITDA Margins meaning that if you purchase a hotel doing $1M in annual revenue you could expect to make $250k - $400k per year which is about 3-5x the average salary of a hotel manager.  Needless to say, taking on extra risk does have benefits.

 

How do I start my own hotel business?

Some entrepreneurs start a hotel business by purchasing an existing hotel, while others opt to build new hotels. The first step is to create a business plan, then you can start initial marketing efforts, inquire about licensing and permits, secure financing, start construction or renovations, hire staff, and, finally, open the hotel.

 

How can I start a hotel with no money?

In order to secure financing for your hotel, you need to have a solid, well-researched business plan to prove to investors that they’ll generate a good return on their investment. You can raise funds from private investors, investment groups, friends and family, or banks.

 

Is owning a hotel profitable?

A well-run hotel can expect 25-40% EBITDA Margins but many poorly run hotels are not profitable endeavors.  Owning a hotel can be profitable if you have the right combination of location, price point, quality of the physical asset, marketing strategy, dedicated employees, and supportive investors and management partners. However, a hotel isn’t profitable by default, so you can expect a lot of hard work to generate profit.

 

How do I get funding to start a hotel?

You can bootstrap your hotel business with your own savings, or you can secure funds from friends and family, angel investors, bank loans, government loans, or even crowdfunding. Popular loan options for hotel businesses include SBA 7s and SBA 504 loans.
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