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How to start a hotel business plan

SiteMinder

Here’s what to include in your executive summary: Hotel concept: Briefly describe your hotel’s unique features, target market, and overall vision. Key goals: State your main objectives, such as increasing occupancy rates, boosting revenue, or expanding your hotel chain.

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10 Smart Hotel Cost Control Ideas to Save Money

Hotel Speak

This in turn can be used to create targeted marketing campaigns that resonate with their audience and drive high-value bookings. In addition, examining income streams is a great way to assist hoteliers in identifying opportunities to generate more revenue, such as where and when to implement strategies to drive ancillary revenue.