How To Start A Hotel Business In Nigeria
Determine the type of hotel you would like to start eg how many rooms luxury vs. Determine whether you will build your hotel from scratch or renovate an existing structure.
Good name they say is better than silver and gold Choose a very attractive name for your hotel some names attracts.
How to start a hotel business in nigeria. Choosing the Best Location. Starting Up a Hotel Business in Nigeria. Before setting up a hotel one must carefully consider which of the hotels mentioned above will be most suitable for the environment and location he intends to build.
This sample Hotel Business Plan In Nigeria can be used for Grant Applications Bank Loans Proposal writing Business Concept Note Competitions etc. 20 Tips to Start HeadhuntingRecruitment Business in Nigeria 6. Register your hotel at the appropriate commission For your hotel business you will need to register with the Corporate Affairs Commission CAC and the Nigerian Tourism Development Commission NTDC.
Register Your Hotel Name. I have been working as an hotel supervisor manager for some years now and can boldly tell you that the business is good and money making machine if its been sited in a cool locationFirstly you need to have moneymillions of nairasay 200000 000 to build a standard hotel that people will admire. Set Up Your Structure.
Build A Small But Nice Suits. Erect Your Hotel Buildings Before youre able to build the physical structures for your hotel business youre expected to have acquired a sizeable tract of land and obtained the necessary approval from the relevant ministry of land. Decide what kind of amenities youd like to offer like free breakfast or relaxation areas and understand what your customers are looking for.
Hotel Business in Nigeria is one of the businesses that guarantees all season profit for the owner. Hire staff and get them trained Customer service is at the core of this business and as such you cant afford to do without trained staffs. Buy a franchise name.
This is why you must have detailed and well-constructed strategies in place. Package a Business. Any smart investor who venture into it will have REASONS to smile in no time.
Choose a Suitable Location for your Business. For instance a resort hotel will do well in a place where there are tourist sites. Please note that this is just a guide and you might need to add a few more based on your location or how flexible you want the business to be.
In Nigeria hotel business is best located in areas with bubbling nightlife as well as places surrounded by highbrow companies organizations and tertiary institutions. You should likewise choose if you need to start your guest house from the scratch or purchase and repair. At this point it is expedient to discuss the different steps involved in starting up a hotel.
Your business plan must sell it must speak for the business. Study the business intently. This will give your hotel business both local and international exposure.
Contrary to some articles online that is trying very hard to explain why hotel business in Nigeria is unprofitable the truth is that you can actually make big money in. Employ The Best of Staffs. In order words determine who.
Action Points For Launching A New Hotel Business. Profitability of hotel business in Nigeria. Regardless of the form you are planning for the hotel to take or the level at which you want to start it is imperative that you take time to study the business.
There is no more land in Lagos you need to buy an existing property and demolished it then erect your own or you can look for a re sell land owner to build the hotel. Registering with the NTDC gives the advantage of having your hotel listed in their official tourism guide. Affordable etc Determine the ideal location for your hotel.
Starting a hotel facility business comes with its own challenges. It is a business that cannot be started in any location. If you want to run a small hotel or guesthouse determine where you want your hotel to be located and research other hotels or BBs in the area.
Additionally a business plan helps you in running your hotel properly. Hotel Business Plan is a lucrative business that needs a lot of strategic Planning to start and a business coach like Dayo Adetiloye to help you start the Implementation. Hotel Business Plan in Nigeria.
As a matter of fact you will need approval from the local council and other regulating authorities in the city you intend opening your hotel facility business. The Corporate Affairs Commission of Nigeria is the body you have to go through to have your business registered. For your hotel business you will need to register with the Corporate Affairs Commission CAC and the Nigerian Tourism Development Commission NTDC.
How to start a hotelguest house business. Determine Your Hotel Classification. One prevalent method for beginning a guest house business is to purchase an existing respectable guest house business by franchise.
Carry out a feasibility study. Your first step is to determine what class of hotel you want to build. Choose A Nice Location.
Follow these steps to start your hotel business in Nigeria. An online dictionary defines feasibility study as an assessment of the practicality of a proposed plan or project. Get Your Hotel Business Right From The Start.
