Hotel and Resorts?

Question

I am thinking of opening up a Resort in a remote part of the country. Investment minimal, but just enough to keep this operational. Can anyone tell me what I need, besides money of course? What are the most important factors to look into in such an investment? What are the risks? And what sort of expected returns are feasible - best and worst?

Answer 1

The best routes to take are to research the process of starting a business as well as the industry you're interested in.

I recommend checking out the SBA, Entrepreneur, The Start Up Journal & Nolo. All 4 are great informational resources for the new/small business owner. I posted links for you in the source box.

Associations may be a good avenue to explore as well. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet. See the source box for some relevant links.

Research, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:

* Resorts: Management and Operation by Robert Christie Mill
* Resort Design: Planning, Architecture and Interiors by Margaret Huffadine
* Marketing for Hospitality and Tourism (3rd Edition) by Philip Kotler

There are plenty of free informational resources out there. Check the source box for links to articles.

Hope that helps! I wish you much success & happiness in all your ventures!

Answer 2

marketing is the important thing u have done.Usual method of marketing is no fully functioanl in ur kind of business viz recruiting executive ,news paper ads etc. It has some little impact. As per suggestion u use internet marketing.Means starting a web site and market this website so u get a world wide coverage.

Answer 3

I would contact the local tourism board (if there is one) and get some figures about the number of visitors per month/week/whatever to get a better idea of the size property you will need. If there is no tourism board, you may want to rethink the whole idea unless there is more to the story. (Don 't worry, there always is.) ;-)