Starting a Hostel Business
You want to take advantage of the growing popularity of hostels, but you don't know how exactly you'll accomplish that. No problem, because we have prepared this article with you in mind.
With this, you can easily and quickly get your hostel business up and running in no time.
Hostels are becoming increasingly popular among tourists and travelers because, with the economic turmoil that the world is going through, a cheaper alternative to hotel accommodations is needed. You can take advantage of this by opening up your own hostel business.
You need to set up some things to get your hostel business up and running.
Licensing your Hostel Business
Since they cater to people, hostel owners need to get themselves licensed. Go to your local food and safety government agencies and get yourself certified.
Location Selection for Your Hostel Business
This is very important while setting up this business: find a place visible from the highways / main roads and cheap. To keep costs low in the rising competition, you must set this business with a low investment. Plan your project accordingly; start with Phase-I, where you invest only 35-40% of your investment and get your business started and running. You can develop Phase II and Phase III later to allow you to filter your mistakes and invest your money ideally.
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Security Lockers
Hostels can be called small hotels. They act almost like hotels except that some accommodations afforded to hotel guests are removed. This includes security for your things. In a hostel, guests only have security lockers for their things. When starting your hostel business, get only the best security lockers for your guests, or your reputation could suffer if one of your guests successfully raids the others’ lockers and get away with it.
Amenities for Hostel Business
Decide first if you want to use double-deck or single-deck beds for your rooms or a combination. You would also need to address the privacy of your guests because hostel guests are like bed spacers; they share one room. Unlike hotels, TV sets in hostel rooms are not encouraged to foster more interaction between guests.
Internet Access
Internet access can be wifi or landline-based, so your guests can connect with their loved ones in their home countries. Some might bring their laptops, but others will most likely be restricted to the PCs you provide. Make sure they can download and send pictures from their digital cameras if they wish to.
Maps
Most of your guests will be tourists and want to tour around the city they are staying at. To help them and ensure their safety, be ready to provide maps that can guide them around the city. The maps should be free. If you can, link up with a tour guide agency through which you can offer them a tour of the city.
The Best Staff for Hostel Business
The thing in common with hotels and hostels is their reputation hinges on the staff serving their establishments. The same goes for your business. You need to do the best there is in staffing. The staff should be friendly, helpful, and with an eye for cleanliness and organization. Having these will help boost the reputation of your business significantly.
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Location - Aligarh, Uttar Pradesh, India
Land - Opposite to Engg. college, 1600 sq. yard
Please help with some good ideas for starting up. How to do the market survey before investing? What should be the important features to be incorporated? What are the legal formalities to be done? Please suggest.